Peregrine Capital Management LLC Increases Position in Braze, Inc. $BRZE

Peregrine Capital Management LLC lifted its holdings in Braze, Inc. (NASDAQ:BRZE) by 1.7% during the second quarter, Holdings Channel.com reports. The institutional investor owned 240,902 shares of the company’s stock after acquiring an additional 4,110 shares during the quarter. Peregrine Capital Management LLC’s holdings in Braze were worth $6,769,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BRZE. GAMMA Investing LLC boosted its stake in shares of Braze by 236.1% in the 1st quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock worth $27,000 after buying an additional 517 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Braze by 65.5% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 8,347 shares of the company’s stock worth $301,000 after buying an additional 3,304 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Braze in the 1st quarter worth approximately $388,000. Bank of New York Mellon Corp boosted its stake in shares of Braze by 7.6% in the 1st quarter. Bank of New York Mellon Corp now owns 368,383 shares of the company’s stock worth $13,291,000 after buying an additional 25,870 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Braze by 3.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 86,257 shares of the company’s stock worth $3,112,000 after buying an additional 3,142 shares during the last quarter. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BRZE. Barclays upped their price objective on Braze from $35.00 to $39.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. Citigroup upped their price objective on Braze from $50.00 to $52.00 and gave the company a “buy” rating in a research note on Friday, September 5th. JMP Securities reiterated a “market outperform” rating and issued a $68.00 price objective on shares of Braze in a research note on Friday, September 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Braze in a research note on Wednesday, October 8th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $50.00 price objective on shares of Braze in a research note on Wednesday, October 1st. Nineteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $45.11.

Insider Buying and Selling at Braze

In other Braze news, CTO Jonathan Hyman sold 8,918 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $25.94, for a total transaction of $231,332.92. Following the sale, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Susan Wiseman sold 4,943 shares of the company’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $25.14, for a total transaction of $124,267.02. Following the completion of the transaction, the general counsel directly owned 229,724 shares in the company, valued at approximately $5,775,261.36. The trade was a 2.11% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,011 shares of company stock worth $1,758,363. Company insiders own 18.20% of the company’s stock.

Braze Price Performance

Shares of BRZE stock opened at $28.01 on Tuesday. The company’s fifty day simple moving average is $28.65 and its two-hundred day simple moving average is $29.48. Braze, Inc. has a 1 year low of $23.91 and a 1 year high of $48.33. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of -26.93 and a beta of 1.10.

Braze (NASDAQ:BRZE) last issued its earnings results on Thursday, September 4th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.25). Braze had a negative net margin of 16.62% and a negative return on equity of 17.97%. The business had revenue of $180.11 million for the quarter, compared to the consensus estimate of $171.63 million. During the same period in the previous year, the firm earned $0.09 EPS. The company’s revenue was up 23.8% compared to the same quarter last year. Braze has set its FY 2026 guidance at 0.410-0.420 EPS. Q3 2026 guidance at 0.060-0.070 EPS. Equities research analysts anticipate 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.