TimesSquare Capital Management LLC Raises Stock Holdings in Braze, Inc. $BRZE

TimesSquare Capital Management LLC raised its holdings in Braze, Inc. (NASDAQ:BRZE) by 80.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 905,503 shares of the company’s stock after purchasing an additional 404,758 shares during the period. TimesSquare Capital Management LLC owned about 0.81% of Braze worth $25,753,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. JPMorgan Chase & Co. raised its holdings in shares of Braze by 2.8% during the second quarter. JPMorgan Chase & Co. now owns 2,316,234 shares of the company’s stock valued at $65,086,000 after acquiring an additional 64,025 shares during the last quarter. Citizens Financial Group Inc. RI purchased a new stake in shares of Braze during the second quarter worth approximately $736,000. Versor Investments LP acquired a new position in Braze in the 2nd quarter valued at $638,000. AlphaQuest LLC raised its stake in Braze by 250.6% in the 2nd quarter. AlphaQuest LLC now owns 17,899 shares of the company’s stock valued at $503,000 after purchasing an additional 12,794 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Braze by 10.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,797,546 shares of the company’s stock valued at $50,517,000 after purchasing an additional 177,391 shares in the last quarter. 90.47% of the stock is owned by institutional investors and hedge funds.

Braze Price Performance

Shares of NASDAQ BRZE opened at $17.60 on Friday. The company has a market capitalization of $1.97 billion, a P/E ratio of -16.00 and a beta of 1.07. The company has a 50 day simple moving average of $28.01 and a 200-day simple moving average of $28.08. Braze, Inc. has a 1 year low of $16.25 and a 1 year high of $43.89.

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

Insider Activity

In other Braze news, CEO William Magnuson sold 26,698 shares of Braze stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $26.64, for a total transaction of $711,234.72. Following the completion of the sale, the chief executive officer directly owned 694,746 shares in the company, valued at $18,508,033.44. This trade represents a 3.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Astha Malik sold 14,322 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $26.64, for a total transaction of $381,538.08. Following the completion of the sale, the insider directly owned 219,338 shares in the company, valued at $5,843,164.32. This trade represents a 6.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 69,923 shares of company stock worth $1,917,418. 18.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 target price on shares of Braze in a report on Wednesday, January 14th. Barclays upped their price objective on shares of Braze from $39.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, December 10th. Oppenheimer reissued an “outperform” rating and issued a $40.00 target price on shares of Braze in a research note on Wednesday, December 10th. Wolfe Research upgraded Braze to an “overweight” rating in a report on Wednesday, December 10th. Finally, Citigroup upped their price target on Braze from $52.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. One research 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 issued a Sell rating to the company. According to data from MarketBeat.com, Braze presently has an average rating of “Moderate Buy” and a consensus target price of $45.43.

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.