Engineers Gate Manager LP Acquires 321,595 Shares of Braze, Inc. $BRZE

Engineers Gate Manager LP raised its holdings in shares of Braze, Inc. (NASDAQ:BRZE) by 143.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 545,581 shares of the company’s stock after acquiring an additional 321,595 shares during the quarter. Engineers Gate Manager LP’s holdings in Braze were worth $18,708,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Cinctive Capital Management LP bought a new position in shares of Braze during the 4th quarter worth approximately $2,185,000. Boothbay Fund Management LLC increased its holdings in Braze by 26.6% during the fourth quarter. Boothbay Fund Management LLC now owns 92,170 shares of the company’s stock worth $3,161,000 after buying an additional 19,373 shares during the last quarter. Nexpoint Asset Management L.P. increased its holdings in Braze by 78.1% during the fourth quarter. Nexpoint Asset Management L.P. now owns 74,955 shares of the company’s stock worth $2,570,000 after buying an additional 32,876 shares during the last quarter. AQR Capital Management LLC increased its holdings in Braze by 60.2% during the fourth quarter. AQR Capital Management LLC now owns 278,783 shares of the company’s stock worth $9,559,000 after buying an additional 104,812 shares during the last quarter. Finally, Msop GP L.L.C. acquired a new position in Braze during the fourth quarter worth $191,000. 90.47% of the stock is owned by institutional investors.

Braze Price Performance

BRZE stock opened at $20.17 on Thursday. The company has a fifty day moving average price of $22.51 and a two-hundred day moving average price of $24.02. Braze, Inc. has a one year low of $15.26 and a one year high of $37.33. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of -18.01 and a beta of 0.83.

Braze (NASDAQ:BRZE) last released its quarterly earnings data on Wednesday, May 27th. The company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. Braze had a negative net margin of 15.51% and a negative return on equity of 17.52%. The firm had revenue of $211.00 million during the quarter, compared to analysts’ expectations of $205.19 million. During the same period in the previous year, the business posted $0.07 earnings per share. The company’s revenue for the quarter was up 30.2% compared to the same quarter last year. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. Research analysts anticipate that Braze, Inc. will post -0.76 EPS for the current fiscal year.

Insider Buying and Selling

In other Braze news, General Counsel Susan Wiseman sold 35,000 shares of Braze stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $20.29, for a total transaction of $710,150.00. Following the completion of the transaction, the general counsel directly 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 through this hyperlink. 12.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on BRZE shares. The Goldman Sachs Group lowered their target price on shares of Braze from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, March 25th. Citigroup lowered their target price on shares of Braze from $49.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, May 29th. Oppenheimer lowered their target price on shares of Braze from $40.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, March 25th. Piper Sandler restated an “overweight” rating and set a $27.00 target price on shares of Braze in a report on Thursday, May 28th. Finally, Citizens Jmp restated a “market outperform” rating and set a $35.00 target price on shares of Braze in a report on Thursday, May 28th. Nineteen research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $35.00.

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.