Stephens Investment Management Group LLC Sells 35,571 Shares of Braze, Inc. $BRZE

Stephens Investment Management Group LLC reduced its holdings in Braze, Inc. (NASDAQ:BRZE) by 3.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,134,289 shares of the company’s stock after selling 35,571 shares during the period. Stephens Investment Management Group LLC’s holdings in Braze were worth $32,259,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. SBI Securities Co. Ltd. boosted its position in shares of Braze by 173.3% in the second quarter. SBI Securities Co. Ltd. now owns 1,372 shares of the company’s stock valued at $39,000 after acquiring an additional 870 shares during the period. Osaic Holdings Inc. raised its stake in Braze by 821.1% during the 2nd quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock valued at $44,000 after purchasing an additional 1,404 shares during the last quarter. IFP Advisors Inc raised its stake in Braze by 17.7% during the 2nd quarter. IFP Advisors Inc now owns 3,987 shares of the company’s stock valued at $117,000 after purchasing an additional 601 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in Braze in the 3rd quarter valued at $119,000. Finally, Quent Capital LLC acquired a new stake in Braze in the 3rd quarter worth $133,000. 90.47% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Braze news, CEO William Magnuson sold 26,698 shares of the business’s 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 transaction, the chief executive officer owned 694,746 shares of the company’s stock, valued at approximately $18,508,033.44. The trade was a 3.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Astha Malik sold 14,322 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 $381,538.08. Following the sale, the insider owned 219,338 shares in the company, valued at $5,843,164.32. The trade was a 6.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 69,923 shares of company stock worth $1,917,418 over the last ninety days. 18.20% of the stock is owned by insiders.

Braze Stock Down 9.6%

Shares of Braze stock opened at $23.03 on Friday. Braze, Inc. has a 12-month low of $22.86 and a 12-month high of $48.33. The stock has a market capitalization of $2.58 billion, a P/E ratio of -20.94 and a beta of 1.08. The company has a 50-day simple moving average of $30.91 and a 200 day simple moving average of $29.09.

Braze (NASDAQ:BRZE) last released its quarterly earnings results on Tuesday, December 9th. The company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. The firm had revenue of $190.84 million for the quarter, compared to analyst estimates of $198.25 million. Braze had a negative net margin of 16.85% and a negative return on equity of 17.87%. The company’s revenue for the quarter was up 25.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.02 earnings per share. Braze has set its FY 2026 guidance at 0.420-0.430 EPS and its Q4 2026 guidance at 0.130-0.140 EPS. On average, equities analysts anticipate that Braze, Inc. will post -0.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BRZE shares. BTIG Research initiated coverage on shares of Braze in a research report on Tuesday, December 16th. They set a “buy” rating and a $45.00 price objective for the company. Citizens Jmp restated a “market outperform” rating and set a $68.00 price target on shares of Braze in a research note on Wednesday, December 10th. Stifel Nicolaus raised their price objective on Braze from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Wolfe Research raised Braze to an “overweight” rating in a report on Wednesday, December 10th. Finally, DA Davidson boosted their price objective on Braze from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Braze currently has an average rating of “Moderate Buy” and an average target price of $46.95.

About Braze

Braze, Inc is a publicly traded software company (NASDAQ: BRZE) that offers a customer engagement platform designed to help brands build personalized relationships with their users. Founded in 2011 as Appboy by Bill Magnuson, Jon Hyman and Mark Ghermezian, the company adopted the Braze name in 2017 to underscore its focus on fostering strong connections between businesses and consumers. Its cloud-based platform consolidates messaging channels including push notifications, in-app messages, email and SMS, enabling companies to deliver timely, context-driven communications at scale.

The core functionality of Braze’s platform centers on data-driven segmentation, customer journey orchestration and real-time analytics.