Dimensional Fund Advisors LP Makes New $14.29 Million Investment in Braze, Inc. $BRZE

Dimensional Fund Advisors LP purchased a new stake in Braze, Inc. (NASDAQ:BRZE) in the first quarter, HoldingsChannel reports. The institutional investor purchased 605,424 shares of the company’s stock, valued at approximately $14,294,000.

A number of other large investors have also recently added to or reduced their stakes in the company. NBC Securities Inc. acquired a new position in shares of Braze during the 4th quarter worth about $27,000. Caitong International Asset Management Co. Ltd lifted its stake in Braze by 3,650.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company’s stock valued at $28,000 after purchasing an additional 803 shares during the last quarter. Fifth Third Bancorp acquired a new stake in Braze in the 1st quarter valued at about $27,000. Kemnay Advisory Services Inc. acquired a new stake in Braze in the 4th quarter valued at about $52,000. Finally, Osaic Holdings Inc. grew its holdings in Braze by 821.1% during the second quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock worth $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

BRZE has been the topic of a number of recent analyst reports. The Goldman Sachs Group set a $34.00 price target on Braze and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Braze in a research report on Tuesday, July 7th. JPMorgan Chase & Co. lifted their target price on Braze from $33.00 to $35.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Piper Sandler reissued an “overweight” rating and set a $27.00 target price on shares of Braze in a report on Thursday, May 28th. Finally, Stifel Nicolaus set a $30.00 price target on Braze 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.76.

Braze Stock Performance

Shares of BRZE stock opened at $26.54 on Friday. Braze, Inc. has a 52 week low of $15.26 and a 52 week high of $37.33. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of -23.70 and a beta of 0.83. The company has a 50-day simple moving average of $23.49 and a 200 day simple moving average of $21.92.

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