TimesSquare Capital Management LLC Grows Stock Holdings in Braze, Inc. $BRZE

TimesSquare Capital Management LLC grew its position in Braze, Inc. (NASDAQ:BRZE) by 80.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 905,503 shares of the company’s stock after acquiring an additional 404,758 shares during the period. TimesSquare Capital Management LLC’s holdings in Braze were worth $25,753,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of BRZE. Norges Bank acquired a new position in Braze in the 2nd quarter valued at about $24,467,000. Alliancebernstein L.P. lifted its holdings in Braze by 28.8% during the 2nd quarter. Alliancebernstein L.P. now owns 2,320,171 shares of the company’s stock worth $65,197,000 after buying an additional 518,103 shares in the last quarter. Marshall Wace LLP boosted its position in Braze by 80.7% in the 2nd quarter. Marshall Wace LLP now owns 1,104,307 shares of the company’s stock valued at $31,031,000 after buying an additional 493,109 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Braze by 46.2% in the second quarter. The Manufacturers Life Insurance Company now owns 1,362,076 shares of the company’s stock worth $38,274,000 after acquiring an additional 430,671 shares in the last quarter. Finally, Stephens Investment Management Group LLC increased its position in shares of Braze by 45.9% during the second quarter. Stephens Investment Management Group LLC now owns 1,169,860 shares of the company’s stock worth $32,873,000 after acquiring an additional 368,190 shares during the period. Institutional investors and hedge funds own 90.47% of the company’s stock.

Wall Street Analysts Forecast Growth

BRZE has been the subject of several analyst reports. Stifel Nicolaus set a $40.00 target price on Braze in a research note on Monday, February 9th. Cantor Fitzgerald reissued an “overweight” rating and set a $38.00 price objective on shares of Braze in a research report on Wednesday, December 10th. Barclays raised their target price on shares of Braze from $39.00 to $45.00 and gave the company an “overweight” rating in a report on Wednesday, December 10th. Piper Sandler decreased their price target on shares of Braze from $50.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, February 2nd. Finally, The Goldman Sachs Group dropped their price objective on shares of Braze from $55.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Braze has an average rating of “Moderate Buy” and an average target price of $45.43.

Insider Buying and Selling

In related news, insider Astha Malik sold 14,322 shares of the company’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $26.64, for a total value of $381,538.08. Following the completion of the sale, the insider directly owned 219,338 shares of the company’s stock, valued at $5,843,164.32. This represents a 6.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Susan Wiseman sold 5,474 shares of Braze stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $26.64, for a total value of $145,827.36. Following the transaction, the general counsel directly owned 224,250 shares in the company, valued at approximately $5,974,020. This trade represents a 2.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 69,923 shares of company stock valued at $1,917,418 over the last ninety days. Company insiders own 18.20% of the company’s stock.

Braze Stock Up 1.7%

Shares of BRZE opened at $17.60 on Friday. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of -16.00 and a beta of 1.07. Braze, Inc. has a 52-week low of $16.25 and a 52-week high of $43.89. The stock has a 50 day moving average price of $28.01 and a 200 day moving average price of $28.08.

Braze (NASDAQ:BRZE) last issued its quarterly earnings data on Tuesday, December 9th. The company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. The business had revenue of $190.84 million during the quarter, compared to the consensus estimate of $198.25 million. Braze had a negative net margin of 16.85% and a negative return on equity of 17.87%. The company’s revenue was up 25.5% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. On average, equities analysts anticipate that Braze, Inc. will post -0.98 EPS for the current fiscal year.

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.