Vestcor Inc Purchases 25,000 Shares of Braze, Inc. $BRZE

Vestcor Inc increased its position in Braze, Inc. (NASDAQ:BRZE) by 33.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,000 shares of the company’s stock after purchasing an additional 25,000 shares during the period. Vestcor Inc’s holdings in Braze were worth $3,429,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BRZE. JPMorgan Chase & Co. boosted its holdings in shares of Braze by 6.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,455,367 shares of the company’s stock valued at $69,831,000 after acquiring an additional 139,133 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Braze by 10.0% during the 4th quarter. Vanguard Group Inc. now owns 9,851,050 shares of the company’s stock valued at $337,793,000 after acquiring an additional 892,635 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Braze by 5,412.5% during the 4th quarter. SG Americas Securities LLC now owns 289,790 shares of the company’s stock valued at $9,937,000 after acquiring an additional 284,533 shares during the last quarter. Dana Investment Advisors Inc. purchased a new stake in shares of Braze during the 4th quarter valued at about $1,980,000. Finally, Jefferies Financial Group Inc. boosted its holdings in shares of Braze by 412.2% during the 3rd quarter. Jefferies Financial Group Inc. now owns 99,761 shares of the company’s stock valued at $2,837,000 after acquiring an additional 80,285 shares during the last quarter. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Braze Stock Down 1.0%

Shares of NASDAQ:BRZE opened at $22.91 on Friday. The firm’s 50 day moving average price is $22.79 and its 200-day moving average price is $24.38. Braze, Inc. has a twelve month low of $15.26 and a twelve month high of $37.33. The stock has a market capitalization of $2.58 billion, a PE ratio of -20.46 and a beta of 0.83.

Braze (NASDAQ:BRZE) last released its earnings results on Wednesday, May 27th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. The company had revenue of $211.00 million during the quarter, compared to analyst estimates of $205.19 million. Braze had a negative net margin of 15.51% and a negative return on equity of 17.52%. The firm’s quarterly revenue was up 30.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.07 EPS. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. Analysts expect that Braze, Inc. will post -0.76 earnings per share for the current fiscal year.

Insider Transactions at Braze

In other Braze news, General Counsel Susan Wiseman sold 35,000 shares of the stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $20.29, for a total transaction of $710,150.00. Following the completion of the sale, the general counsel directly owned 209,424 shares of the company’s stock, valued at $4,249,212.96. This trade represents a 14.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 12.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BRZE. TD Cowen dropped their price target on shares of Braze from $43.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, March 20th. Citigroup dropped their price target on shares of Braze from $49.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, May 29th. Mizuho dropped their price target on shares of Braze from $40.00 to $32.00 and set an “outperform” rating on the stock in a report on Thursday, May 28th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $38.00 price target on shares of Braze in a report on Thursday, May 28th. Finally, DA Davidson reaffirmed a “buy” rating and set a $33.00 price target on shares of Braze in a report on Thursday, May 28th. Nineteen research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $35.00.

Braze Profile

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.