27,410 Shares in Braze, Inc. $BRZE Bought by Neo Ivy Capital Management

Neo Ivy Capital Management bought a new position in Braze, Inc. (NASDAQ:BRZE) in the third quarter, HoldingsChannel reports. The fund bought 27,410 shares of the company’s stock, valued at approximately $780,000.

Several other large investors have also recently bought and sold shares of the company. Barclays PLC boosted its stake in shares of Braze by 443.0% during the third quarter. Barclays PLC now owns 1,404,395 shares of the company’s stock valued at $39,941,000 after purchasing an additional 1,145,748 shares in the last quarter. Picton Mahoney Asset Management bought a new stake in shares of Braze during the third quarter worth about $698,000. Champlain Investment Partners LLC increased its stake in shares of Braze by 10.8% in the third quarter. Champlain Investment Partners LLC now owns 2,687,928 shares of the company’s stock valued at $76,445,000 after buying an additional 261,351 shares during the period. Quantbot Technologies LP acquired a new position in shares of Braze in the third quarter valued at approximately $163,000. Finally, Handelsbanken Fonder AB raised its holdings in Braze by 47.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 24,300 shares of the company’s stock valued at $691,000 after buying an additional 7,800 shares during the last quarter. 90.47% of the stock is currently owned by institutional investors.

Insider Activity at Braze

In related 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 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 Securities & Exchange Commission, which is available at the SEC website. Also, CAO Pankaj Malik sold 2,893 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $16.93, for a total transaction of $48,978.49. Following the transaction, the chief accounting officer directly owned 50,679 shares in the company, valued at approximately $857,995.47. This represents a 5.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 66,216 shares of company stock worth $1,225,772. Corporate insiders own 18.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. DA Davidson lifted their target price on shares of Braze from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Cantor Fitzgerald restated an “overweight” rating and issued a $38.00 price target on shares of Braze in a research report on Wednesday, December 10th. Citizens Jmp reaffirmed a “market outperform” rating and set a $68.00 price target on shares of Braze in a research note on Wednesday, December 10th. Wolfe Research upgraded shares of Braze to an “overweight” rating in a report on Wednesday, December 10th. Finally, Piper Sandler reduced their price objective on shares of Braze from $50.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Braze presently has an average rating of “Moderate Buy” and a consensus target price of $44.30.

Braze Price Performance

Shares of Braze stock opened at $20.14 on Friday. The stock’s 50-day moving average is $23.14 and its 200 day moving average is $27.26. Braze, Inc. has a one year low of $15.26 and a one year high of $43.89. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of -18.31 and a beta of 1.08.

Braze (NASDAQ:BRZE) last issued its earnings results on Tuesday, December 9th. The company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. Braze had a negative return on equity of 17.87% and a negative net margin of 16.85%.The business had revenue of $190.84 million during the quarter, compared to the consensus estimate of $198.25 million. During the same period in the previous year, the company posted $0.02 earnings per share. The firm’s revenue for the quarter was up 25.5% on a year-over-year basis. Braze has set its FY 2026 guidance at 0.420-0.430 EPS and its Q4 2026 guidance at 0.130-0.140 EPS. On average, sell-side analysts expect that Braze, Inc. will post -0.98 EPS for the current fiscal year.

Braze Company 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.