Braze, Inc. $BRZE Holdings Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its holdings in Braze, Inc. (NASDAQ:BRZE) by 6.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 2,455,367 shares of the company’s stock after purchasing an additional 139,133 shares during the quarter. JPMorgan Chase & Co.’s holdings in Braze were worth $69,831,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Norges Bank bought a new position in shares of Braze during the 2nd quarter valued at about $24,467,000. Alliancebernstein L.P. lifted its stake in Braze by 28.8% during the second quarter. Alliancebernstein L.P. now owns 2,320,171 shares of the company’s stock valued at $65,197,000 after purchasing an additional 518,103 shares during the last quarter. TimesSquare Capital Management LLC acquired a new stake in Braze during the second quarter valued at approximately $14,071,000. Marshall Wace LLP boosted its holdings in Braze by 80.7% during the second quarter. Marshall Wace LLP now owns 1,104,307 shares of the company’s stock worth $31,031,000 after buying an additional 493,109 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Braze by 46.2% in the second quarter. The Manufacturers Life Insurance Company now owns 1,362,076 shares of the company’s stock worth $38,274,000 after buying an additional 430,671 shares during the last quarter. 90.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on BRZE shares. Wells Fargo & Company increased their price objective on Braze from $40.00 to $45.00 and gave the company an “overweight” rating in a research report on Wednesday, December 10th. Barclays upped their target price on Braze from $39.00 to $45.00 and gave the company an “overweight” rating in a report on Wednesday, December 10th. The Goldman Sachs Group dropped their price target on Braze from $55.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Braze in a report on Monday, December 29th. Finally, Oppenheimer reissued an “outperform” rating and issued a $40.00 target price on shares of Braze in a research report on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.30.

Insider Buying and Selling

In other news, General Counsel Susan Wiseman sold 4,167 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $17.03, for a total transaction of $70,964.01. Following the transaction, the general counsel directly owned 209,864 shares in the company, valued at $3,573,983.92. The trade was a 1.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Astha Malik sold 14,049 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $16.93, for a total transaction of $237,849.57. Following the completion of the transaction, the insider directly owned 205,289 shares in the company, valued at $3,475,542.77. This trade represents a 6.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 66,216 shares of company stock worth $1,225,772. Insiders own 18.20% of the company’s stock.

Braze Trading Up 9.7%

Shares of NASDAQ BRZE opened at $17.32 on Wednesday. Braze, Inc. has a one year low of $15.26 and a one year high of $43.89. The business has a 50-day moving average price of $25.75 and a two-hundred day moving average price of $27.60. The firm has a market capitalization of $1.94 billion, a PE ratio of -15.75 and a beta of 1.07.

Braze (NASDAQ:BRZE) last posted its quarterly earnings results on Tuesday, December 9th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.06. The business had revenue of $190.84 million during 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 firm’s revenue was up 25.5% compared to the same quarter last year. During the same period in the prior year, the firm 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. Research analysts anticipate that Braze, Inc. will post -0.98 EPS for the current year.

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.