Braze, Inc. $BRZE Stock Purchased by Capstone Capital Management Ltd

Capstone Capital Management Ltd lifted its stake in shares of Braze, Inc. (NASDAQ:BRZE) by 306.7% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 47,986 shares of the company’s stock after buying an additional 36,186 shares during the quarter. Capstone Capital Management Ltd’s holdings in Braze were worth $1,204,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of BRZE. The Manufacturers Life Insurance Company lifted its holdings in Braze by 30.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,885,577 shares of the company’s stock worth $44,518,000 after purchasing an additional 439,513 shares during the last quarter. Stephens Investment Management Group LLC grew its position in shares of Braze by 11.2% during the 1st quarter. Stephens Investment Management Group LLC now owns 1,370,986 shares of the company’s stock worth $32,369,000 after purchasing an additional 137,843 shares in the last quarter. Dimensional Fund Advisors LP bought a new stake in shares of Braze in the first quarter valued at approximately $14,294,000. Bank of New York Mellon Corp acquired a new position in Braze in the 2nd quarter valued at $11,814,000. Finally, Glenmede Trust Co. NA grew its holdings in shares of Braze by 36.5% during the 1st quarter. Glenmede Trust Co. NA now owns 538,845 shares of the company’s stock worth $12,722,000 after purchasing an additional 144,176 shares in the last quarter. Institutional investors and hedge funds own 90.47% of the company’s stock.

Key Braze News

Here are the key news stories impacting Braze this week:

• Positive Sentiment: Salesforce will pay $47.50 per Braze share, representing roughly a 58% premium to Braze’s prior closing price. The definitive offer provides shareholders with a clear cash exit and drove BRZE shares toward a 52-week high. Salesforce Signs Definitive Agreement to Acquire Braze
• Positive Sentiment: Salesforce said Braze’s platform will complement its CRM and artificial-intelligence offerings by helping marketers respond to customer behavior in real time. The transaction also highlights renewed strategic interest in marketing-automation software and lifted attention toward comparable companies. Salesforce announces $5.66 billion deal for Braze
• Positive Sentiment: Unusually heavy options activity preceded the announcement, with call volume reportedly more than four times its average level, reflecting elevated speculative interest. Why Braze Stock Skyrocketed Today
• Neutral Sentiment: Trading in BRZE was temporarily halted pending news before the acquisition announcement, underscoring the materiality of the event. The stock’s gains are therefore primarily deal-driven rather than a reaction to new operating results. Salesforce to acquire Braze in a $5.66 billion deal
• Negative Sentiment: Investor-rights law firms Ademi and Halper Sadeh announced investigations into whether the purchase price fairly values Braze and whether the board adequately protected shareholders. Such reviews could create deal uncertainty, although no challenge or competing bid has been announced. BRZE Shareholder Alert

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $38.00 target price on shares of Braze in a research report on Wednesday, September 9th. Citizens Jmp restated a “market outperform” rating and issued a $35.00 target price on shares of Braze in a research report on Monday, October 5th. DA Davidson set a $47.50 price objective on Braze in a report on Tuesday. BTIG Research cut Braze from a “buy” rating to a “neutral” rating in a report on Tuesday. Finally, Weiss Ratings raised Braze from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Braze presently has a consensus rating of “Hold” and a consensus target price of $42.73.

Insider Buying and Selling

In related news, CTO Jonathan Hyman sold 42,000 shares of the stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $32.47, for a total transaction of $1,363,740.00. Following the completion of the transaction, the chief technology officer owned 1,143,219 shares in the company, valued at approximately $37,120,320.93. This represents a 3.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $464,958.68. Following the transaction, the insider directly owned 326,233 shares of the company’s stock, valued at $9,646,709.81. This represents a 4.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 203,568 shares of company stock worth $6,096,461. 12.50% of the stock is owned by corporate insiders.

Braze Price Performance

BRZE stock opened at $45.57 on Wednesday. Braze, Inc. has a 1 year low of $15.26 and a 1 year high of $45.61. The stock has a market capitalization of $5.18 billion, a PE ratio of -44.24 and a beta of 0.91. The company’s 50-day moving average is $28.62 and its 200-day moving average is $25.08. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.27 and a quick ratio of 1.27.

Braze (NASDAQ:BRZE) last released its quarterly earnings data on Tuesday, September 8th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.16 by $0.03. Braze had a negative return on equity of 16.11% and a negative net margin of 13.55%. The firm had revenue of $227.23 million during the quarter, compared to the consensus estimate of $220.27 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The company’s quarterly revenue 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. Equities research analysts expect that Braze, Inc. will post -0.70 EPS for the current fiscal year.

Braze Company Profile

Braze, Inc is a customer engagement software company that provides a platform for businesses to build, manage and measure personalized interactions with consumers. Its technology is designed to help brands communicate with customers across digital channels, including mobile applications, websites, email, SMS and messaging services.

The Braze platform supports customer data collection and segmentation, campaign creation, journey orchestration, experimentation and engagement analytics. Its capabilities include in-app and web messaging, push notifications, email marketing, content personalization and automated lifecycle campaigns.