Healthcare of Ontario Pension Plan Trust Fund Sells 192,142 Shares of Braze, Inc. $BRZE

Healthcare of Ontario Pension Plan Trust Fund cut its stake in shares of Braze, Inc. (NASDAQ:BRZE) by 55.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 154,651 shares of the company’s stock after selling 192,142 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Braze were worth $3,651,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Braze by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,224 shares of the company’s stock worth $1,415,000 after purchasing an additional 1,700 shares in the last quarter. Intech Investment Management LLC boosted its stake in shares of Braze by 18.8% in the 1st quarter. Intech Investment Management LLC now owns 40,281 shares of the company’s stock worth $1,453,000 after buying an additional 6,379 shares during the last quarter. Prudential Financial Inc. bought a new position in shares of Braze in the second quarter valued at approximately $272,000. Russell Investments Group Ltd. grew its holdings in shares of Braze by 1,353.0% in the second quarter. Russell Investments Group Ltd. now owns 9,619 shares of the company’s stock valued at $270,000 after acquiring an additional 8,957 shares in the last quarter. Finally, Amundi increased its position in shares of Braze by 8.9% during the second quarter. Amundi now owns 32,581 shares of the company’s stock valued at $918,000 after acquiring an additional 2,657 shares during the last quarter. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Braze Stock Down 6.6%

NASDAQ BRZE opened at $25.06 on Friday. The firm has a market cap of $2.82 billion, a P/E ratio of -22.37 and a beta of 0.85. The company’s 50 day moving average is $23.34 and its 200-day moving average is $21.93. Braze, Inc. has a 12-month low of $15.26 and a 12-month high of $37.33.

Braze (NASDAQ:BRZE) last released its quarterly earnings data on Wednesday, May 27th. The company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. Braze had a negative net margin of 15.51% and a negative return on equity of 17.52%. The company had revenue of $211.00 million during the quarter, compared to the consensus estimate of $205.19 million. During the same period last year, the firm earned $0.07 EPS. Braze’s revenue for the quarter was up 30.2% on a year-over-year basis. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. Equities analysts expect that Braze, Inc. will post -0.78 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on BRZE. DA Davidson reaffirmed a “buy” rating and set a $33.00 target price on shares of Braze in a research report on Thursday, May 28th. JPMorgan Chase & Co. raised their price objective on shares of Braze from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $35.00 price objective on shares of Braze in a research report on Thursday, May 28th. The Goldman Sachs Group set a $34.00 target price on shares of Braze and gave the company a “buy” rating in a research note on Wednesday, June 24th. Finally, Mizuho reduced their target price on shares of Braze from $40.00 to $32.00 and set an “outperform” rating for the company in a research report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Braze currently has an average rating of “Moderate Buy” and a consensus target price of $34.76.

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.