Kettle Hill Capital Management LLC Makes New Investment in Braze, Inc. $BRZE

Kettle Hill Capital Management LLC acquired a new position in shares of Braze, Inc. (NASDAQ:BRZE) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 747,715 shares of the company’s stock, valued at approximately $25,639,000. Braze comprises 5.7% of Kettle Hill Capital Management LLC’s holdings, making the stock its 7th largest position. Kettle Hill Capital Management LLC owned about 0.67% of Braze at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of BRZE. Clearstead Advisors LLC raised its holdings in Braze by 58.2% during the third quarter. Clearstead Advisors LLC now owns 1,685 shares of the company’s stock worth $48,000 after acquiring an additional 620 shares in the last quarter. Rhumbline Advisers grew its stake in Braze by 0.6% in the third quarter. Rhumbline Advisers now owns 112,638 shares of the company’s stock valued at $3,203,000 after purchasing an additional 638 shares in the last quarter. Arizona State Retirement System grew its stake in Braze by 3.2% in the fourth quarter. Arizona State Retirement System now owns 22,437 shares of the company’s stock valued at $769,000 after purchasing an additional 688 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Braze by 7.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 11,080 shares of the company’s stock worth $315,000 after purchasing an additional 746 shares during the last quarter. Finally, NBC Securities Inc. acquired a new position in shares of Braze during the 4th quarter worth approximately $27,000. Institutional investors own 90.47% of the company’s stock.

Braze Price Performance

BRZE stock opened at $21.73 on Tuesday. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of -19.40 and a beta of 0.83. The company has a fifty day moving average price of $22.62 and a two-hundred day moving average price of $24.13. Braze, Inc. has a one year low of $15.26 and a one 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, meeting the consensus estimate of $0.10. The firm had revenue of $211.00 million for the quarter, compared to analysts’ expectations of $205.19 million. Braze had a negative net margin of 15.51% and a negative return on equity of 17.52%. The business’s revenue was up 30.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.07 EPS. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. Research analysts anticipate that Braze, Inc. will post -0.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BRZE has been the subject of several recent analyst reports. Citigroup cut their price objective on Braze from $49.00 to $48.00 and set a “buy” rating for the company in a report on Friday, May 29th. Cantor Fitzgerald restated an “overweight” rating and set a $38.00 target price on shares of Braze in a report on Thursday, May 28th. UBS Group reaffirmed an “outperform” rating on shares of Braze in a research report on Thursday, May 28th. BTIG Research reiterated a “buy” rating and issued a $30.00 price target on shares of Braze in a research note on Tuesday, May 26th. Finally, Citizens Jmp reissued 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 assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $35.00.

Insider Activity at Braze

In other news, General Counsel Susan Wiseman sold 35,000 shares of the 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 transaction, the general counsel owned 209,424 shares in the company, valued at approximately $4,249,212.96. This trade represents a 14.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.