Rede Wealth LLC Purchases Shares of 30,397 Braze, Inc. $BRZE

Rede Wealth LLC acquired a new position in shares of Braze, Inc. (NASDAQ:BRZE) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 30,397 shares of the company’s stock, valued at approximately $864,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC increased its stake in shares of Braze by 117.2% during the third quarter. CWM LLC now owns 13,050 shares of the company’s stock worth $371,000 after purchasing an additional 7,041 shares during the period. Osaic Holdings Inc. grew its holdings in Braze by 821.1% in the 2nd quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock valued at $44,000 after buying an additional 1,404 shares in the last quarter. Squarepoint Ops LLC acquired a new position in Braze in the 2nd quarter valued at $3,273,000. State of Wyoming increased its position in Braze by 218.1% during the 2nd quarter. State of Wyoming now owns 9,418 shares of the company’s stock worth $265,000 after buying an additional 6,457 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in shares of Braze during the second quarter worth $765,000. Institutional investors and hedge funds own 90.47% of the company’s stock.

Braze Stock Performance

Shares of BRZE opened at $35.40 on Friday. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of -32.18 and a beta of 1.10. The business’s fifty day moving average is $30.05 and its 200-day moving average is $28.71. Braze, Inc. has a 52-week low of $23.91 and a 52-week high of $48.33.

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

Analysts Set New Price Targets

Several research firms recently commented on BRZE. Citigroup upped their price target on shares of Braze from $52.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Canaccord Genuity Group reissued a “buy” rating and issued a $43.00 price objective on shares of Braze in a report on Friday, September 5th. Wells Fargo & Company increased their target price on shares of Braze from $40.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Braze in a research report on Monday, December 22nd. Finally, JMP Securities reiterated a “market outperform” rating and issued a $68.00 price target on shares of Braze in a research note on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Braze currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.95.

Insiders Place Their Bets

In other Braze news, CEO William Magnuson sold 26,698 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $26.64, for a total transaction of $711,234.72. Following the completion of the sale, the chief executive officer owned 694,746 shares of the company’s stock, valued at approximately $18,508,033.44. This represents a 3.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Astha Malik sold 14,322 shares of the company’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $26.64, for a total transaction of $381,538.08. Following the sale, the insider directly owned 219,338 shares in the company, valued at $5,843,164.32. This trade represents a 6.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 69,923 shares of company stock valued at $1,917,418 over the last three months. Insiders own 18.20% 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.