Quantinno Capital Management LP Purchases 182,074 Shares of Braze, Inc. $BRZE

Quantinno Capital Management LP increased its position in Braze, Inc. (NASDAQ:BRZE) by 1,057.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 199,292 shares of the company’s stock after acquiring an additional 182,074 shares during the quarter. Quantinno Capital Management LP owned about 0.18% of Braze worth $4,705,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BRZE. NBC Securities Inc. bought a new stake in Braze during the fourth quarter valued at about $27,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Braze by 3,650.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company’s stock worth $28,000 after purchasing an additional 803 shares during the period. Fifth Third Bancorp acquired a new position in shares of Braze during the 1st quarter worth about $27,000. Kemnay Advisory Services Inc. acquired a new position in shares of Braze during the 4th quarter worth about $52,000. Finally, Osaic Holdings Inc. boosted its stake in Braze by 821.1% during the 2nd quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock valued at $44,000 after purchasing an additional 1,404 shares during the period. Institutional investors and hedge funds own 90.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BRZE. Canaccord Genuity Group lowered their target price on Braze from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, May 28th. JPMorgan Chase & Co. increased their price objective on Braze from $33.00 to $35.00 and gave the company an “overweight” rating in a research report on Monday, July 6th. Cantor Fitzgerald restated an “overweight” rating and issued a $38.00 price objective on shares of Braze in a research note on Thursday, May 28th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Braze in a research report on Tuesday, July 7th. Finally, Mizuho cut their target price on shares of Braze from $40.00 to $32.00 and set an “outperform” rating for the company in a research note on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $34.76.

Braze Trading Down 1.9%

Shares of NASDAQ:BRZE opened at $25.71 on Friday. The firm has a market capitalization of $2.90 billion, a PE ratio of -22.96 and a beta of 0.83. Braze, Inc. has a 1-year low of $15.26 and a 1-year high of $37.33. The business’s 50 day moving average is $23.48 and its 200-day moving average is $21.88.

Braze (NASDAQ:BRZE) last issued its earnings results on Wednesday, May 27th. The company reported $0.10 EPS for the quarter, meeting analysts’ consensus estimates of $0.10. The business had revenue of $211.00 million during the quarter, compared to analyst estimates of $205.19 million. Braze had a negative return on equity of 17.52% and a negative net margin of 15.51%.Braze’s revenue was up 30.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.07 earnings per share. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. On average, sell-side analysts predict that Braze, Inc. will post -0.78 EPS for the current year.

Braze 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.