Braze, Inc. $BRZE Position Lifted by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in Braze, Inc. (NASDAQ:BRZE) by 10.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,797,546 shares of the company’s stock after purchasing an additional 177,391 shares during the period. Geode Capital Management LLC owned 1.70% of Braze worth $50,517,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of BRZE. Vanguard Group Inc. grew its stake in Braze by 5.3% in the first quarter. Vanguard Group Inc. now owns 8,911,907 shares of the company’s stock worth $321,542,000 after purchasing an additional 447,746 shares in the last quarter. Westfield Capital Management Co. LP bought a new position in Braze during the 1st quarter worth approximately $54,644,000. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Braze in the 1st quarter worth approximately $50,988,000. Deutsche Bank AG increased its holdings in shares of Braze by 3.9% in the 1st quarter. Deutsche Bank AG now owns 1,403,067 shares of the company’s stock valued at $50,623,000 after acquiring an additional 52,047 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Braze by 9.5% during the 1st quarter. Wellington Management Group LLP now owns 1,307,700 shares of the company’s stock valued at $47,182,000 after acquiring an additional 113,807 shares in the last quarter. Institutional investors and hedge funds own 90.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. William Blair reaffirmed an “outperform” rating on shares of Braze in a report on Wednesday, October 1st. The Goldman Sachs Group set a $52.00 price target on shares of Braze and gave the company a “buy” rating in a report on Saturday, September 6th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $43.00 price objective on shares of Braze in a research report on Friday, September 5th. Needham & Company LLC reissued a “buy” rating and issued a $50.00 target price on shares of Braze in a report on Wednesday, October 22nd. Finally, Cantor Fitzgerald lifted their target price on Braze from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. Nineteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $45.11.

Braze Stock Down 0.1%

Shares of NASDAQ:BRZE opened at $27.39 on Tuesday. The company has a market cap of $3.05 billion, a PE ratio of -26.34 and a beta of 1.10. The company’s 50-day moving average price is $28.52 and its 200 day moving average price is $29.12. Braze, Inc. has a fifty-two week low of $23.91 and a fifty-two week high of $48.33.

Braze (NASDAQ:BRZE) last posted its earnings results on Thursday, September 4th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.25). The firm had revenue of $180.11 million during the quarter, compared to the consensus estimate of $171.63 million. Braze had a negative return on equity of 17.97% and a negative net margin of 16.62%.Braze’s revenue for the quarter was up 23.8% on a year-over-year basis. During the same quarter last year, the company posted $0.09 EPS. 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, equities analysts anticipate that Braze, Inc. will post -0.98 EPS for the current year.

Insider Transactions at Braze

In other news, CEO William Magnuson sold 26,698 shares of the stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $26.64, for a total value of $711,234.72. Following the completion of the transaction, the chief executive officer owned 694,746 shares of the company’s stock, valued at approximately $18,508,033.44. This represents a 3.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, General Counsel Susan Wiseman sold 4,456 shares of the firm’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $27.57, for a total value of $122,851.92. Following the transaction, the general counsel directly owned 219,794 shares in the company, valued at $6,059,720.58. This trade represents a 1.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 71,827 shares of company stock worth $1,962,397 over the last quarter. Insiders own 18.20% of the company’s stock.

About Braze

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.