HighTower Advisors LLC Has $374,000 Stock Holdings in Braze, Inc. $BRZE

HighTower Advisors LLC decreased its holdings in shares of Braze, Inc. (NASDAQ:BRZE) by 5.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,359 shares of the company’s stock after selling 648 shares during the quarter. HighTower Advisors LLC’s holdings in Braze were worth $374,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in Braze by 12,025.6% during the 1st quarter. GAMMA Investing LLC now owns 26,555 shares of the company’s stock valued at $958,000 after purchasing an additional 26,336 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Braze by 168.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 646 shares of the company’s stock worth $27,000 after buying an additional 405 shares during the period. Bank of America Corp DE increased its position in Braze by 57.6% during the 4th quarter. Bank of America Corp DE now owns 402,690 shares of the company’s stock worth $16,865,000 after buying an additional 147,127 shares during the period. Vanguard Group Inc. increased its position in Braze by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 8,911,907 shares of the company’s stock worth $321,542,000 after buying an additional 447,746 shares during the period. Finally, BNP Paribas Financial Markets bought a new position in Braze during the 4th quarter worth $803,000. Institutional investors and hedge funds own 90.47% of the company’s stock.

Insider Transactions at Braze

In other Braze news, CAO Pankaj Malik sold 2,344 shares of Braze stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $25.94, for a total value of $60,803.36. Following the transaction, the chief accounting officer owned 66,930 shares in the company, valued at $1,736,164.20. The trade was a 3.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO William Magnuson sold 24,325 shares of Braze stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $25.94, for a total value of $630,990.50. Following the completion of the transaction, the chief executive officer owned 721,444 shares in the company, valued at approximately $18,714,257.36. This represents a 3.26% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 72,354 shares of company stock valued at $1,914,998. Company insiders own 18.20% of the company’s stock.

Braze Stock Performance

Shares of NASDAQ BRZE opened at $27.70 on Tuesday. Braze, Inc. has a 52 week low of $23.91 and a 52 week high of $48.33. The stock has a market capitalization of $2.93 billion, a P/E ratio of -27.43 and a beta of 1.10. The stock’s fifty day moving average is $27.20 and its 200 day moving average is $31.34.

Braze (NASDAQ:BRZE) last issued its quarterly earnings results on Thursday, June 5th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. Braze had a negative return on equity of 18.89% and a negative net margin of 16.76%.The company had revenue of $162.06 million for the quarter, compared to analysts’ expectations of $158.60 million. During the same quarter last year, the business earned ($0.05) earnings per share. Braze’s revenue was up 19.6% on a year-over-year basis. Braze has set its FY 2026 guidance at 0.150-0.180 EPS. Q2 2026 guidance at 0.020-0.030 EPS. Equities research analysts forecast that Braze, Inc. will post -0.98 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have weighed in on BRZE. Raymond James Financial lowered their price objective on Braze from $48.00 to $43.00 and set an “outperform” rating on the stock in a research report on Friday, June 6th. Barclays lowered their price objective on Braze from $43.00 to $35.00 and set an “overweight” rating on the stock in a research report on Monday, August 18th. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price objective on shares of Braze in a research report on Friday, June 6th. JPMorgan Chase & Co. lowered their price objective on Braze from $47.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, June 6th. Finally, Mizuho started coverage on Braze in a research report on Thursday, July 24th. They set an “outperform” rating and a $40.00 price objective on the stock. Twenty equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $44.40.

Braze Company Profile

Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. The company offers Braze software development kits that automatically manage data ingestion and deliver mobile and web notifications, in-application/in-browser interstitial messages, and content cards; REST API that can be used to import or export data or to trigger workflows between Braze and brands' existing technology stacks; Partner Data Integrations, which allow brands to sync user cohorts from partners; Data Transformation, in which brands can programmatically sync and transform user data; and Braze Cloud Data Ingestion that enables brands to harness their customer data.