Braze, Inc. $BRZE Stock: Capstone Capital Management Ltd Raises Stake

Capstone Capital Management Ltd boosted its position in shares of Braze, Inc. (NASDAQ:BRZE) by 306.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,986 shares of the company’s stock after acquiring an additional 36,186 shares during the period. Capstone Capital Management Ltd’s holdings in Braze were worth $1,204,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in BRZE. State of Alaska Department of Revenue raised its holdings in shares of Braze by 32.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 5,578 shares of the company’s stock valued at $140,000 after acquiring an additional 1,367 shares in the last quarter. Juncture Wealth Strategies LLC purchased a new position in shares of Braze during the 3rd quarter valued at about $210,000. Whetstone Capital Advisors LLC bought a new position in Braze during the second quarter valued at approximately $671,000. Integrated Wealth Concepts LLC bought a new stake in shares of Braze in the 2nd quarter worth approximately $50,000. Finally, Squarepoint Ops LLC grew its holdings in shares of Braze by 13.3% during the 2nd quarter. Squarepoint Ops LLC now owns 391,337 shares of the company’s stock valued at $8,488,000 after purchasing an additional 46,049 shares during the last quarter. 90.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Braze news, insider Astha Malik sold 15,724 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $29.57, for a total value of $464,958.68. Following the completion of the sale, the insider owned 326,233 shares in the company, valued at approximately $9,646,709.81. This represents a 4.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jonathan Hyman sold 42,000 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $32.47, for a total value of $1,363,740.00. Following the completion of the transaction, the chief technology officer owned 1,143,219 shares in the company, valued at $37,120,320.93. The trade was a 3.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 203,568 shares of company stock valued at $6,096,461 in the last 90 days. Company insiders own 12.50% of the company’s stock.

Braze Stock Performance

Shares of NASDAQ BRZE opened at $45.57 on Wednesday. The firm’s 50-day moving average price is $28.62 and its 200-day moving average price is $25.08. Braze, Inc. has a 52-week low of $15.26 and a 52-week high of $45.61. The company has a market cap of $5.18 billion, a PE ratio of -44.24 and a beta of 0.91. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.02.

Braze (NASDAQ:BRZE) last released its quarterly earnings results on Tuesday, September 8th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.03. The firm had revenue of $227.23 million for the quarter, compared to analysts’ expectations of $220.27 million. Braze had a negative return on equity of 16.11% and a negative net margin of 13.55%. The company’s revenue was up 26.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 EPS. Braze has set its FY 2027 guidance at 0.640-0.650 EPS and its Q3 2027 guidance at 0.130-0.140 EPS. As a group, analysts anticipate that Braze, Inc. will post -0.70 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on BRZE shares. Weiss Ratings raised Braze from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday. Piper Sandler lowered Braze from an “overweight” rating to a “neutral” rating and lifted their price objective for the stock from $30.00 to $47.50 in a research report on Tuesday. William Blair downgraded shares of Braze to a “market perform” rating in a research report on Tuesday. Stephens reiterated a “hold” rating on shares of Braze in a research report on Wednesday, September 9th. Finally, TD Cowen downgraded Braze from a “buy” rating to a “hold” rating in a report on Tuesday. Nine equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Braze has an average rating of “Hold” and a consensus price target of $42.73.

Braze News Summary

Here are the key news stories impacting Braze this week:

• Positive Sentiment: Salesforce will pay $47.50 per Braze share, representing roughly a 58% premium to Braze’s prior closing price. The definitive offer provides shareholders with a clear cash exit and drove BRZE shares toward a 52-week high. Salesforce Signs Definitive Agreement to Acquire Braze
• Positive Sentiment: Salesforce said Braze’s platform will complement its CRM and artificial-intelligence offerings by helping marketers respond to customer behavior in real time. The transaction also highlights renewed strategic interest in marketing-automation software and lifted attention toward comparable companies. Salesforce announces $5.66 billion deal for Braze
• Positive Sentiment: Unusually heavy options activity preceded the announcement, with call volume reportedly more than four times its average level, reflecting elevated speculative interest. Why Braze Stock Skyrocketed Today
• Neutral Sentiment: Trading in BRZE was temporarily halted pending news before the acquisition announcement, underscoring the materiality of the event. The stock’s gains are therefore primarily deal-driven rather than a reaction to new operating results. Salesforce to acquire Braze in a $5.66 billion deal
• Negative Sentiment: Investor-rights law firms Ademi and Halper Sadeh announced investigations into whether the purchase price fairly values Braze and whether the board adequately protected shareholders. Such reviews could create deal uncertainty, although no challenge or competing bid has been announced. BRZE Shareholder Alert

Braze Profile

Braze, Inc is a customer engagement software company that provides a platform for businesses to build, manage and measure personalized interactions with consumers. Its technology is designed to help brands communicate with customers across digital channels, including mobile applications, websites, email, SMS and messaging services.

The Braze platform supports customer data collection and segmentation, campaign creation, journey orchestration, experimentation and engagement analytics. Its capabilities include in-app and web messaging, push notifications, email marketing, content personalization and automated lifecycle campaigns.