Westfield Capital Management Co. LP Raises Position in Braze, Inc. $BRZE

Westfield Capital Management Co. LP boosted its position in Braze, Inc. (NASDAQ:BRZE) by 36.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,177,953 shares of the company’s stock after purchasing an additional 577,649 shares during the period. Westfield Capital Management Co. LP owned about 1.96% of Braze worth $61,941,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. lifted its holdings in shares of Braze by 173.3% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,372 shares of the company’s stock valued at $39,000 after buying an additional 870 shares during the period. Osaic Holdings Inc. raised its position in Braze by 821.1% in the second quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock worth $44,000 after acquiring an additional 1,404 shares in the last quarter. Clearstead Advisors LLC lifted its holdings in Braze by 58.2% in the third quarter. Clearstead Advisors LLC now owns 1,685 shares of the company’s stock valued at $48,000 after acquiring an additional 620 shares during the period. Covestor Ltd boosted its position in shares of Braze by 35.7% during the 3rd quarter. Covestor Ltd now owns 2,894 shares of the company’s stock worth $82,000 after purchasing an additional 761 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in shares of Braze during the 3rd quarter worth $119,000. Institutional investors and hedge funds own 90.47% of the company’s stock.

Braze Stock Up 9.2%

Shares of NASDAQ:BRZE opened at $19.20 on Friday. The company has a market capitalization of $2.15 billion, a P/E ratio of -17.45 and a beta of 1.07. Braze, Inc. has a 52-week low of $15.26 and a 52-week high of $43.89. The stock’s fifty day simple moving average is $25.08 and its 200-day simple moving average is $27.47.

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

Insiders Place Their Bets

In related news, CTO Jonathan Hyman sold 7,391 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $16.93, for a total transaction of $125,129.63. Following the sale, the chief technology officer owned 1,692,933 shares in the company, valued at approximately $28,661,355.69. This trade represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Astha Malik sold 14,049 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $16.93, for a total value of $237,849.57. Following the completion of the transaction, the insider owned 205,289 shares of the company’s stock, valued at $3,475,542.77. This trade represents a 6.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 66,216 shares of company stock valued at $1,225,772. 18.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Stifel Nicolaus set a $40.00 price objective on shares of Braze in a research note on Monday, February 9th. The Goldman Sachs Group lowered their price target on Braze from $55.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, January 28th. Wells Fargo & Company lifted their price objective on Braze from $40.00 to $45.00 and gave the stock an “overweight” rating in a report on Wednesday, December 10th. Mizuho upped their target price on Braze from $45.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday, December 10th. Finally, Barclays lifted their price target on Braze from $39.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.30.

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.