Wellington Management Group LLP Grows Position in Braze, Inc. $BRZE

Key Points

• Wellington Management Group LLP increased its stake in Braze, Inc. by 9.5%, acquiring an additional 113,807 shares, bringing its total holdings to 1,307,700 shares valued at approximately $47.2 million.
• Insider sales included CTO Jonathan Hyman selling 8,918 shares and CEO William Magnuson selling 24,325 shares, both at an average price of $25.94, reflecting a 4.17% and 3.26% decrease in their respective ownership.
• Braze reported a quarterly revenue of $162.06 million, surpassing expectations and marking a 19.6% increase compared to the previous year, despite having a negative return on equity.

Wellington Management Group LLP boosted its position in Braze, Inc. (NASDAQ:BRZE - Free Report) by 9.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,307,700 shares of the company's stock after purchasing an additional 113,807 shares during the period. Wellington Management Group LLP owned about 1.25% of Braze worth $47,182,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of BRZE. Algert Global LLC grew its stake in Braze by 59.1% in the 1st quarter. Algert Global LLC now owns 87,130 shares of the company's stock valued at $3,144,000 after buying an additional 32,370 shares during the last quarter. American Century Companies Inc. acquired a new stake in Braze in the 1st quarter worth about $593,000. Caitong International Asset Management Co. Ltd acquired a new stake in Braze in the 1st quarter worth about $36,000. SouthState Corp acquired a new stake in Braze in the 1st quarter worth about $83,000. Finally, Nuveen LLC acquired a new stake in Braze during the first quarter worth about $35,393,000. 90.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Braze

In other news, CAO Pankaj Malik sold 2,344 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $25.94, for a total transaction of $60,803.36. Following the completion of the sale, the chief accounting officer owned 66,930 shares in the company, valued at $1,736,164.20. This trade represents a 3.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Jonathan Hyman sold 8,918 shares of Braze stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $25.94, for a total transaction of $231,332.92. Following the completion of the transaction, the chief technology officer owned 205,106 shares of the company's stock, valued at $5,320,449.64. The trade was a 4.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,354 shares of company stock worth $1,914,998 over the last 90 days. Corporate insiders own 18.20% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BRZE. UBS Group reduced their price target on shares of Braze from $51.00 to $48.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. Mizuho assumed coverage on Braze in a research note on Thursday, July 24th. They set an "outperform" rating and a $40.00 price target on the stock. Cantor Fitzgerald assumed coverage on Braze in a research note on Tuesday, June 3rd. They set an "overweight" rating and a $45.00 price target on the stock. JMP Securities reissued a "market outperform" rating and set a $68.00 price target on shares of Braze in a research note on Friday, June 6th. Finally, Barclays decreased their price target on Braze from $43.00 to $35.00 and set an "overweight" rating for the company in a research note on Monday, August 18th. Twenty investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $44.90.

Braze Stock Up 3.1%

BRZE stock traded up $0.83 during mid-day trading on Thursday, reaching $27.46. 1,043,505 shares of the company traded hands, compared to its average volume of 1,352,403. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of -27.24 and a beta of 1.10. Braze, Inc. has a fifty-two week low of $23.91 and a fifty-two week high of $48.33. The firm's 50 day moving average price is $27.11 and its 200 day moving average price is $31.78.

Braze (NASDAQ:BRZE - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.05 by $0.02. The firm had revenue of $162.06 million during the quarter, compared to analyst estimates of $158.60 million. Braze had a negative net margin of 16.76% and a negative return on equity of 18.89%. The company's revenue for the quarter was up 19.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.05) EPS. Braze has set its FY 2026 guidance at 0.150-0.180 EPS. Q2 2026 guidance at 0.020-0.030 EPS. On average, analysts anticipate that Braze, Inc. will post -0.98 EPS for the current fiscal year.

Braze Profile

Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. The company offers Braze software development kits that automatically manage data ingestion and deliver mobile and web notifications, in-application/in-browser interstitial messages, and content cards; REST API that can be used to import or export data or to trigger workflows between Braze and brands' existing technology stacks; Partner Data Integrations, which allow brands to sync user cohorts from partners; Data Transformation, in which brands can programmatically sync and transform user data; and Braze Cloud Data Ingestion that enables brands to harness their customer data.