First Trust Advisors LP Has $3.96 Million Stock Position in Braze, Inc. $BRZE

First Trust Advisors LP boosted its position in Braze, Inc. (NASDAQ:BRZE) by 252.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 167,498 shares of the company’s stock after acquiring an additional 120,033 shares during the period. First Trust Advisors LP’s holdings in Braze were worth $3,955,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in BRZE. Vanguard Group Inc. raised its position in shares of Braze by 10.0% during the fourth quarter. Vanguard Group Inc. now owns 9,851,050 shares of the company’s stock worth $337,793,000 after purchasing an additional 892,635 shares during the period. Battery Management CORP. grew its position in Braze by 70.2% in the 3rd quarter. Battery Management CORP. now owns 2,425,000 shares of the company’s stock valued at $68,967,000 after purchasing an additional 1,000,000 shares during the period. Alliancebernstein L.P. increased its stake in Braze by 28.8% during the 2nd quarter. Alliancebernstein L.P. now owns 2,320,171 shares of the company’s stock valued at $65,197,000 after purchasing an additional 518,103 shares in the last quarter. Westfield Capital Management Co. LP increased its stake in Braze by 0.4% during the 4th quarter. Westfield Capital Management Co. LP now owns 2,187,275 shares of the company’s stock valued at $75,002,000 after purchasing an additional 9,322 shares in the last quarter. Finally, Alyeska Investment Group L.P. raised its holdings in Braze by 592.4% during the fourth quarter. Alyeska Investment Group L.P. now owns 2,105,024 shares of the company’s stock worth $72,181,000 after buying an additional 1,801,019 shares during the last quarter. Institutional investors and hedge funds own 90.47% of the company’s stock.

Braze Stock Performance

BRZE opened at $26.22 on Thursday. The firm has a market cap of $2.95 billion, a P/E ratio of -23.41 and a beta of 0.83. The firm has a 50-day moving average of $23.43 and a 200 day moving average of $21.87. Braze, Inc. has a fifty-two week low of $15.26 and a fifty-two week high of $37.33.

Braze (NASDAQ:BRZE) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. The business had revenue of $211.00 million for the quarter, compared to analyst estimates of $205.19 million. Braze had a negative net margin of 15.51% and a negative return on equity of 17.52%. The company’s revenue for the quarter was up 30.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.07 earnings per share. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. Equities research analysts predict that Braze, Inc. will post -0.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. UBS Group reaffirmed an “outperform” rating on shares of Braze in a research note on Thursday, May 28th. Piper Sandler reaffirmed an “overweight” rating and issued a $27.00 price target on shares of Braze in a research report on Thursday, May 28th. Mizuho cut their price target on Braze from $40.00 to $32.00 and set an “outperform” rating for the company in a research note on Thursday, May 28th. Cantor Fitzgerald reissued an “overweight” rating and set a $38.00 price objective on shares of Braze in a report on Thursday, May 28th. Finally, DA Davidson reissued a “buy” rating and issued a $33.00 price objective on shares of Braze in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.76.

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.