FNY Investment Advisers LLC Sells 6,637 Shares of Braze, Inc. $BRZE

FNY Investment Advisers LLC trimmed its stake in shares of Braze, Inc. (NASDAQ:BRZE) by 83.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,363 shares of the company’s stock after selling 6,637 shares during the period. FNY Investment Advisers LLC’s holdings in Braze were worth $38,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Braze during the first quarter worth $691,000. GAMMA Investing LLC raised its holdings in shares of Braze by 236.1% during the first quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock worth $27,000 after acquiring an additional 517 shares during the period. Vident Advisory LLC acquired a new stake in shares of Braze during the first quarter worth $356,000. Vanguard Group Inc. raised its holdings in shares of Braze by 5.3% during the first quarter. Vanguard Group Inc. now owns 8,911,907 shares of the company’s stock worth $321,542,000 after acquiring an additional 447,746 shares during the period. Finally, IFP Advisors Inc raised its holdings in shares of Braze by 17.7% during the second quarter. IFP Advisors Inc now owns 3,987 shares of the company’s stock worth $117,000 after acquiring an additional 601 shares during the period. 90.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Braze

In related news, CAO Pankaj Malik sold 4,174 shares of Braze stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $32.77, for a total transaction of $136,781.98. Following the completion of the sale, the chief accounting officer owned 62,756 shares of the company’s stock, valued at approximately $2,056,514.12. The trade was a 6.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Jonathan Hyman sold 8,918 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were 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 in the company, valued at approximately $5,320,449.64. This trade represents a 4.17% decrease in their position. The disclosure for this sale can be found here. Insiders sold 75,012 shares of company stock worth $2,028,483 over the last ninety days. Company insiders own 18.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on BRZE shares. Barclays raised their price objective on shares of Braze from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. UBS Group lowered their price target on shares of Braze from $48.00 to $43.00 and set a “buy” rating on the stock in a research note on Friday, September 5th. Piper Sandler reiterated an “overweight” rating and issued a $50.00 price target on shares of Braze in a research note on Wednesday, October 1st. Mizuho lifted their price target on shares of Braze from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, September 5th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $43.00 price target on shares of Braze in a research note on Friday, September 5th. Nineteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Braze currently has an average rating of “Moderate Buy” and a consensus price target of $45.11.

Braze Price Performance

Braze stock opened at $28.08 on Friday. The firm has a market capitalization of $3.12 billion, a PE ratio of -27.00 and a beta of 1.10. The company’s 50-day moving average is $28.62 and its 200-day moving average is $29.54. Braze, Inc. has a fifty-two week low of $23.91 and a fifty-two week high of $48.33.

Braze (NASDAQ:BRZE) last released its quarterly earnings data on Thursday, September 4th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.25). The firm had revenue of $180.11 million for the quarter, compared to analyst estimates of $171.63 million. Braze had a negative return on equity of 17.97% and a negative net margin of 16.62%.The firm’s revenue for the quarter was up 23.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.09 earnings per share. Braze has set its FY 2026 guidance at 0.410-0.420 EPS. Q3 2026 guidance at 0.060-0.070 EPS. As a group, analysts expect that Braze, Inc. will post -0.98 EPS for the current year.

Braze Company 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.