Whetstone Capital Advisors LLC Takes $671,000 Position in Braze, Inc. $BRZE

Whetstone Capital Advisors LLC purchased a new stake in Braze, Inc. (NASDAQ:BRZE) during the second quarter, Holdings Channel reports. The institutional investor purchased 30,927 shares of the company’s stock, valued at approximately $671,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fifth Third Bancorp acquired a new position in Braze during the first quarter worth $27,000. Caitong International Asset Management Co. Ltd grew its position in shares of Braze by 3,650.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company’s stock valued at $28,000 after purchasing an additional 803 shares during the period. Harbor Investment Advisory LLC acquired a new stake in shares of Braze in the second quarter valued at about $36,000. Osaic Holdings Inc. grew its position in shares of Braze by 821.1% in the second quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock valued at $44,000 after purchasing an additional 1,404 shares during the period. Finally, Quarry LP purchased a new stake in shares of Braze during the third quarter worth about $46,000. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Barclays upped their price target on shares of Braze from $31.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 2nd. DA Davidson reiterated a “buy” rating and set a $40.00 price objective on shares of Braze in a research note on Wednesday. The Goldman Sachs Group reissued a “buy” rating and set a $38.00 target price on shares of Braze in a report on Wednesday. JPMorgan Chase & Co. decreased their target price on Braze from $35.00 to $34.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Mizuho set a $52.00 price target on Braze in a research note on Wednesday. Twenty equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.21.

Insider Buying and Selling

In other news, insider Astha Malik sold 15,724 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $29.57, for a total value of $464,958.68. Following the completion of the sale, the insider owned 326,233 shares of the company’s stock, valued at $9,646,709.81. This represents a 4.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jonathan Hyman sold 42,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $32.47, for a total transaction of $1,363,740.00. Following the sale, the chief technology officer owned 1,143,219 shares of the company’s stock, valued at $37,120,320.93. This represents a 3.54% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 203,568 shares of company stock worth $6,096,461. Insiders own 12.50% of the company’s stock.

Braze Stock Performance

Shares of Braze stock opened at $23.73 on Thursday. The business’s 50 day moving average price is $27.58 and its 200 day moving average price is $23.58. The company has a market cap of $2.67 billion, a price-to-earnings ratio of -23.04 and a beta of 0.88. Braze, Inc. has a one year low of $15.26 and a one year high of $37.33.

Braze (NASDAQ:BRZE) last issued its earnings results on Tuesday, September 8th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. Braze had a negative return on equity of 16.09% and a negative net margin of 13.55%.The business had revenue of $227.23 million during the quarter, compared to the consensus estimate of $220.27 million. During the same period last year, the company earned $0.15 EPS. The company’s revenue for the quarter was up 26.2% on a year-over-year basis. Braze has set its FY 2027 guidance at 0.640-0.650 EPS and its Q3 2027 guidance at 0.130-0.140 EPS. On average, analysts predict that Braze, Inc. will post -0.78 EPS for the current fiscal year.

Key Stories Impacting Braze

Here are the key news stories impacting Braze this week:

• Positive Sentiment: Braze reported second-quarter adjusted earnings of $0.19 per share, above the $0.16 consensus estimate, while revenue increased 26.2% year over year to $227.2 million, exceeding expectations of $220.3 million. Management also cited record second-quarter free cash flow and improving operating leverage. Braze Reports Strong Fiscal Second Quarter 2027 Results
• Positive Sentiment: The company raised fiscal 2027 revenue guidance to $910 million-$913 million, compared with the $898.4 million analyst consensus, and lifted adjusted EPS guidance to $0.64-$0.65 versus expectations of $0.35. Third-quarter revenue and EPS guidance also exceeded consensus estimates. Braze stock falls after Q2 beat, guidance raise
• Positive Sentiment: Several analysts remain constructive: DA Davidson reaffirmed a Buy rating with a $40 target, while Stephens, Piper Sandler, BTIG Research and Citizens JMP maintained positive ratings and targets ranging from $30 to $35. JPMorgan retained an Overweight rating despite trimming its target to $34.
• Neutral Sentiment: Investor commentary highlighted continued AI product adoption, expansion among larger enterprise customers and potential benefits from vendor consolidation. However, competition and changing customer priorities remain important risks for the customer-engagement software market. BRZE Q2 Deep Dive
• Negative Sentiment: The earnings beat and guidance increase were overshadowed by concerns that projected third-quarter profit growth was weaker than investors expected. The selloff suggests the market was positioned for an even stronger outlook, with some investors also focused on ongoing losses, valuation sensitivity and competitive pressure. Braze Stock Plummets After Disappointing Profit Outlook

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.