Los Angeles Capital Management LLC Has $3.09 Million Holdings in Braze, Inc. $BRZE

Los Angeles Capital Management LLC increased its stake in Braze, Inc. (NASDAQ:BRZE) by 376.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,236 shares of the company’s stock after buying an additional 71,302 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.08% of Braze worth $3,094,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in BRZE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Braze by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,224 shares of the company’s stock valued at $1,415,000 after buying an additional 1,700 shares during the last quarter. Intech Investment Management LLC lifted its position in shares of Braze by 18.8% in the first quarter. Intech Investment Management LLC now owns 40,281 shares of the company’s stock valued at $1,453,000 after buying an additional 6,379 shares during the last quarter. Prudential Financial Inc. acquired a new stake in shares of Braze in the second quarter valued at approximately $272,000. Russell Investments Group Ltd. lifted its position 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 buying an additional 8,957 shares during the last quarter. Finally, Amundi lifted its position in shares of Braze by 8.9% in the second quarter. Amundi now owns 32,581 shares of the company’s stock valued at $918,000 after buying an additional 2,657 shares during the last quarter. 90.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BRZE has been the subject of a number of recent analyst reports. Mizuho cut their price objective on Braze from $40.00 to $32.00 and set an “outperform” rating for the company in a research report on Thursday, May 28th. Barclays raised their price objective on Braze from $29.00 to $31.00 and gave the company an “overweight” rating in a research report on Wednesday, March 25th. Oppenheimer cut their price objective on Braze from $40.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, March 25th. UBS Group reaffirmed an “outperform” rating on shares of Braze in a research report on Thursday, May 28th. Finally, 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. Nineteen equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

Braze Trading Down 3.8%

NASDAQ:BRZE opened at $22.19 on Wednesday. The stock has a market cap of $2.50 billion, a P/E ratio of -19.81 and a beta of 0.83. The stock has a 50 day simple moving average of $22.77 and a 200 day simple moving average of $24.29. Braze, Inc. has a 1-year low of $15.26 and a 1-year high of $37.33.

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

Insiders Place Their Bets

In related news, General Counsel Susan Wiseman sold 35,000 shares of Braze stock in a transaction that occurred on Thursday, April 9th. The stock was 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 approximately $4,249,212.96. This trade represents a 14.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 12.50% of the company’s stock.

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.