King Luther Capital Management Corp Purchases 30,500 Shares of Braze, Inc. $BRZE

King Luther Capital Management Corp boosted its holdings in shares of Braze, Inc. (NASDAQ:BRZE) by 17.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 201,286 shares of the company’s stock after purchasing an additional 30,500 shares during the quarter. King Luther Capital Management Corp owned about 0.18% of Braze worth $5,725,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Norges Bank purchased a new stake in shares of Braze during the 2nd quarter valued at about $24,467,000. Alliancebernstein L.P. increased its stake in Braze by 28.8% during the second quarter. Alliancebernstein L.P. now owns 2,320,171 shares of the company’s stock worth $65,197,000 after acquiring an additional 518,103 shares during the last quarter. TimesSquare Capital Management LLC purchased a new stake in Braze during the second quarter valued at approximately $14,071,000. Marshall Wace LLP lifted its stake in shares of 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 purchasing an additional 493,109 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Braze by 46.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,362,076 shares of the company’s stock worth $38,274,000 after purchasing an additional 430,671 shares during the period. 90.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BRZE. Mizuho increased their price target on Braze from $45.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday, December 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Braze in a research note on Monday, December 29th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $38.00 target price on shares of Braze in a research note on Wednesday, December 10th. Stifel Nicolaus set a $40.00 price objective on Braze in a report on Monday, February 9th. Finally, Citizens Jmp reiterated a “market outperform” rating and issued a $68.00 target price on shares of Braze in a research note on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $44.30.

Braze Price Performance

BRZE stock opened at $17.04 on Friday. Braze, Inc. has a 1-year low of $16.25 and a 1-year high of $43.89. The business has a 50-day moving average price of $26.75 and a 200 day moving average price of $27.79. The company has a market capitalization of $1.91 billion, a P/E ratio of -15.49 and a beta of 1.07.

Braze (NASDAQ:BRZE) last posted its quarterly earnings results on Tuesday, December 9th. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. The business had revenue of $190.84 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 25.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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, analysts anticipate that Braze, Inc. will post -0.98 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Pankaj Malik sold 5,540 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $35.76, for a total transaction of $198,110.40. Following the completion of the transaction, the chief accounting officer owned 53,572 shares in the company, valued at $1,915,734.72. The trade was a 9.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 18.20% of the stock is currently owned by insiders.

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.