Hsbc Holdings PLC Reduces Position in Braze, Inc. $BRZE

Hsbc Holdings PLC lessened its stake in shares of Braze, Inc. (NASDAQ:BRZE) by 36.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,254 shares of the company’s stock after selling 6,590 shares during the period. Hsbc Holdings PLC’s holdings in Braze were worth $409,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC grew 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 purchasing an additional 405 shares during the last quarter. GAMMA Investing LLC grew its position in Braze by 236.1% during the 1st quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock worth $27,000 after purchasing an additional 517 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Braze during the 1st quarter worth approximately $36,000. Versant Capital Management Inc purchased a new stake in Braze during the 1st quarter worth approximately $54,000. Finally, SouthState Corp purchased a new stake in shares of Braze in the 1st quarter valued at $83,000. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Braze Price Performance

BRZE opened at $27.04 on Wednesday. The firm has a fifty day moving average price of $27.20 and a 200 day moving average price of $31.31. Braze, Inc. has a 1 year low of $23.91 and a 1 year high of $48.33. The stock has a market cap of $2.86 billion, a P/E ratio of -26.77 and a beta of 1.10.

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

Analyst Ratings Changes

Several analysts have recently commented on the stock. Cantor Fitzgerald dropped their price objective on shares of Braze from $45.00 to $35.00 and set an “overweight” rating on the stock in a report on Friday, August 29th. JMP Securities reaffirmed a “market outperform” rating and issued a $68.00 price objective on shares of Braze in a report on Friday, June 6th. Raymond James Financial dropped their price objective on shares of Braze from $48.00 to $43.00 and set an “outperform” rating on the stock in a report on Friday, June 6th. Mizuho assumed coverage on shares of Braze in a report on Thursday, July 24th. They issued an “outperform” rating and a $40.00 price objective on the stock. Finally, Macquarie dropped their price objective on shares of Braze from $40.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, June 6th. Twenty investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.40.

Insider Transactions at Braze

In other Braze news, insider Astha Malik sold 13,049 shares of the company’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $25.94, for a total transaction of $338,491.06. Following the completion of the transaction, the insider directly owned 236,930 shares in the company, valued at approximately $6,145,964.20. This represents a 5.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Susan Wiseman sold 4,988 shares of the company’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $25.94, for a total transaction of $129,388.72. Following the transaction, the general counsel owned 234,667 shares of the company’s stock, valued at $6,087,261.98. This represents a 2.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 72,354 shares of company stock worth $1,914,998. Insiders own 18.20% of the company’s stock.

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.