WINTON GROUP Ltd Buys New Stake in Braze, Inc. $BRZE

WINTON GROUP Ltd bought a new stake in Braze, Inc. (NASDAQ:BRZE) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 23,549 shares of the company’s stock, valued at approximately $807,000.

Several other large investors have also recently made changes to their positions in BRZE. NBC Securities Inc. acquired a new position in shares of Braze in the 4th quarter valued at $27,000. Osaic Holdings Inc. lifted its holdings in Braze by 821.1% during 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 in the last quarter. Quarry LP purchased a new position in Braze during the third quarter valued at $46,000. Clearstead Advisors LLC lifted its holdings in Braze by 58.2% during the third quarter. Clearstead Advisors LLC now owns 1,685 shares of the company’s stock valued at $48,000 after purchasing an additional 620 shares in the last quarter. Finally, SBI Securities Co. Ltd. lifted its holdings in Braze by 34.3% during the third quarter. SBI Securities Co. Ltd. now owns 1,843 shares of the company’s stock valued at $52,000 after purchasing an additional 471 shares in the last quarter. 90.47% of the stock is currently owned by institutional investors and hedge funds.

Braze Trading Down 2.4%

Shares of BRZE opened at $21.66 on Thursday. Braze, Inc. has a 12-month low of $15.26 and a 12-month high of $37.33. The firm has a 50-day moving average price of $22.73 and a 200 day moving average price of $24.25. The firm has a market capitalization of $2.44 billion, a P/E ratio of -19.34 and a beta of 0.83.

Braze (NASDAQ:BRZE) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. Braze had a negative net margin of 15.51% and a negative return on equity of 17.52%. The firm had revenue of $211.00 million during the quarter, compared to analyst estimates of $205.19 million. During the same quarter in the prior year, the firm posted $0.07 earnings per share. Braze’s quarterly revenue was up 30.2% on a year-over-year basis. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. Equities research analysts predict that Braze, Inc. will post -0.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Barclays increased their price objective on shares of Braze from $29.00 to $31.00 and gave the company an “overweight” rating in a report on Wednesday, March 25th. Canaccord Genuity Group decreased their price objective on shares of Braze from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, May 28th. Mizuho decreased their price objective on shares of Braze from $40.00 to $32.00 and set an “outperform” rating on the stock in a report on Thursday, May 28th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $38.00 price objective on shares of Braze in a report on Thursday, May 28th. Finally, BTIG Research reaffirmed a “buy” rating and set a $30.00 price objective on shares of Braze in a report on Tuesday, May 26th. Nineteen research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $35.00.

Insiders Place Their Bets

In other Braze news, General Counsel Susan Wiseman sold 35,000 shares of the stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $20.29, for a total transaction of $710,150.00. Following the completion of the transaction, the general counsel owned 209,424 shares of the company’s stock, valued at $4,249,212.96. This trade represents a 14.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 12.50% of the stock is currently owned by company insiders.

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.