Sei Investments Co. Sells 28,701 Shares of Braze, Inc. $BRZE

Sei Investments Co. reduced its holdings in Braze, Inc. (NASDAQ:BRZE) by 18.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,654 shares of the company’s stock after selling 28,701 shares during the quarter. Sei Investments Co. owned approximately 0.11% of Braze worth $3,038,000 at the end of the most recent reporting period.

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

Braze Price Performance

Braze stock opened at $26.54 on Friday. The company’s 50 day simple moving average is $23.49 and its 200 day simple moving average is $21.92. 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 capitalization of $2.99 billion, a price-to-earnings ratio of -23.70 and a beta of 0.83.

Braze (NASDAQ:BRZE) last issued its earnings results on Wednesday, May 27th. The company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. The firm had revenue of $211.00 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 30.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.07 earnings per share. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. As a group, analysts predict that Braze, Inc. will post -0.78 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Mizuho reduced their price target on shares of Braze from $40.00 to $32.00 and set an “outperform” rating on the stock in a research report on Thursday, May 28th. DA Davidson reaffirmed a “buy” rating and issued a $33.00 target price on shares of Braze in a research note on Thursday, May 28th. Piper Sandler reiterated an “overweight” rating and set a $27.00 target price on shares of Braze in a research report on Thursday, May 28th. BTIG Research reiterated a “buy” rating and set a $30.00 target price on shares of Braze in a research report on Tuesday, May 26th. Finally, The Goldman Sachs Group set a $34.00 price target on shares of Braze and gave the company a “buy” rating in a research note on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $34.76.

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.