32,750 Shares in Braze, Inc. $BRZE Bought by Legato Capital Management LLC

Posted by George Bondi on May 25th, 2026

Legato Capital Management LLC acquired a new position in shares of Braze, Inc. (NASDAQ:BRZE – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 32,750 shares of the company’s stock, valued at approximately $1,123,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in Braze by 6.0% during the third quarter. JPMorgan Chase & Co. now owns 2,455,367 shares of the company’s stock worth $69,831,000 after acquiring an additional 139,133 shares during the period. SG Americas Securities LLC grew its holdings in Braze by 5,412.5% during the fourth quarter. SG Americas Securities LLC now owns 289,790 shares of the company’s stock worth $9,937,000 after acquiring an additional 284,533 shares during the period. Vanguard Group Inc. grew its holdings in Braze by 10.0% during the fourth quarter. Vanguard Group Inc. now owns 9,851,050 shares of the company’s stock worth $337,793,000 after acquiring an additional 892,635 shares during the period. Dana Investment Advisors Inc. acquired a new position in Braze during the fourth quarter worth $1,980,000. Finally, Jefferies Financial Group Inc. grew its holdings in Braze by 412.2% during the third quarter. Jefferies Financial Group Inc. now owns 99,761 shares of the company’s stock worth $2,837,000 after acquiring an additional 80,285 shares during the period. Institutional investors and hedge funds own 90.47% of the company’s stock.

Braze Stock Performance

BRZE opened at $24.35 on Monday. The business’s fifty day moving average is $21.66 and its two-hundred day moving average is $24.59. The company has a market cap of $2.76 billion, a price-to-earnings ratio of -19.96 and a beta of 0.78. Braze, Inc. has a one year low of $15.26 and a one year high of $37.67.

Braze (NASDAQ:BRZE – Get Free Report) last posted its earnings results on Tuesday, March 24th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). Braze had a negative return on equity of 18.75% and a negative net margin of 17.78%.The firm had revenue of $205.17 million for the quarter, compared to analysts’ expectations of $198.23 million. During the same quarter in the previous year, the firm posted $0.12 earnings per share. The firm’s revenue for the quarter was up 27.9% compared to the same quarter last year. On average, analysts predict that Braze, Inc. will post -0.87 EPS for the current fiscal year.

Insider Activity

In other news, General Counsel Susan Wiseman sold 35,000 shares of the company’s stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $20.29, for a total value of $710,150.00. Following the sale, the general counsel directly owned 209,424 shares in the company, valued at $4,249,212.96. This represents a 14.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 18.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have commented on BRZE. UBS Group decreased their target price on Braze from $43.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, March 25th. Piper Sandler decreased their target price on Braze from $30.00 to $27.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 25th. TD Cowen decreased their target price on Braze from $43.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, March 20th. Mizuho decreased their target price on Braze from $50.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 25th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $38.00 target price on shares of Braze in a research report on Wednesday, March 25th. Twenty-two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Braze has a consensus rating of “Moderate Buy” and a consensus price target of $36.90.

Read Our Latest Stock Report on Braze

Braze Profile

(Free Report)

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.