SG Americas Securities LLC Increases Position in Braze, Inc. $BRZE

SG Americas Securities LLC lifted its holdings in shares of Braze, Inc. (NASDAQ:BRZE) by 36.2% in the first quarter, HoldingsChannel.com reports. The fund owned 394,604 shares of the company’s stock after acquiring an additional 104,814 shares during the period. SG Americas Securities LLC’s holdings in Braze were worth $9,317,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of BRZE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Braze by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,224 shares of the company’s stock worth $1,415,000 after purchasing an additional 1,700 shares during the last quarter. Intech Investment Management LLC grew its stake in Braze by 18.8% in the 1st quarter. Intech Investment Management LLC now owns 40,281 shares of the company’s stock valued at $1,453,000 after purchasing an additional 6,379 shares during the period. Prudential Financial Inc. purchased a new stake in shares of Braze during the 2nd quarter valued at $272,000. Russell Investments Group Ltd. increased its position in shares of Braze by 1,353.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 9,619 shares of the company’s stock valued at $270,000 after purchasing an additional 8,957 shares during the last quarter. Finally, Amundi raised its stake in shares of Braze by 8.9% during the 2nd quarter. Amundi now owns 32,581 shares of the company’s stock worth $918,000 after purchasing an additional 2,657 shares during the period. 90.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Braze

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

Wall Street Analysts Forecast Growth

BRZE has been the topic of a number of research analyst reports. UBS Group reissued an “outperform” rating on shares of Braze in a report on Thursday, May 28th. BTIG Research reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Braze in a research report on Tuesday, May 26th. Citizens Jmp reiterated a “market outperform” rating and issued a $35.00 target price on shares of Braze in a research note on Thursday, May 28th. JPMorgan Chase & Co. increased their target price on shares of Braze from $32.00 to $33.00 and gave the company an “overweight” rating in a research report on Wednesday, March 25th. Finally, Piper Sandler restated an “overweight” rating and set a $27.00 price target on shares of Braze in a research note on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $34.65.

Braze Stock Performance

Shares of BRZE opened at $21.02 on Friday. The business has a 50-day moving average of $22.33 and a 200 day moving average of $23.59. Braze, Inc. has a fifty-two week low of $15.26 and a fifty-two week high of $37.33. The firm has a market cap of $2.37 billion, a P/E ratio of -18.77 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. The business had revenue of $211.00 million for 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 quarterly revenue was up 30.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.07 EPS. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. As a group, research analysts predict that Braze, Inc. will post -0.76 earnings per share for the current fiscal year.

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.