IFP Advisors Inc Has $117,000 Stock Holdings in Braze, Inc. $BRZE

IFP Advisors Inc raised its position in Braze, Inc. (NASDAQ:BRZE) by 17.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,987 shares of the company’s stock after buying an additional 601 shares during the quarter. IFP Advisors Inc’s holdings in Braze were worth $117,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE grew its holdings in Braze by 1.4% in the 1st quarter. US Bancorp DE now owns 21,314 shares of the company’s stock valued at $769,000 after buying an additional 302 shares in the last quarter. GAMMA Investing LLC grew its holdings in Braze by 236.1% in the 1st quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock valued at $27,000 after buying an additional 517 shares in the last quarter. Quarry LP grew its holdings in Braze by 296.0% in the 1st quarter. Quarry LP now owns 796 shares of the company’s stock valued at $29,000 after buying an additional 595 shares in the last quarter. SG Americas Securities LLC grew its holdings in Braze by 7.4% in the 1st quarter. SG Americas Securities LLC now owns 12,604 shares of the company’s stock valued at $455,000 after buying an additional 868 shares in the last quarter. Finally, Blair William & Co. IL grew its holdings in Braze by 9.0% in the 1st quarter. Blair William & Co. IL now owns 10,801 shares of the company’s stock valued at $390,000 after buying an additional 891 shares in the last quarter. 90.47% of the stock is owned by institutional investors and hedge funds.

Braze Stock Up 0.1%

NASDAQ:BRZE opened at $26.14 on Friday. The stock’s 50-day simple moving average is $28.28 and its 200 day simple moving average is $29.62. The firm has a market capitalization of $2.91 billion, a PE ratio of -25.13 and a beta of 1.10. Braze, Inc. has a twelve month low of $23.91 and a twelve month high of $48.33.

Braze (NASDAQ:BRZE) last posted its earnings results on Thursday, September 4th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.25). The firm had revenue of $180.11 million during the quarter, compared to the consensus estimate of $171.63 million. Braze had a negative net margin of 16.62% and a negative return on equity of 17.97%. Braze’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.09 earnings per share. Braze has set its FY 2026 guidance at 0.410-0.420 EPS. Q3 2026 guidance at 0.060-0.070 EPS. On average, analysts anticipate that Braze, Inc. will post -0.98 EPS for the current fiscal year.

Insider Activity at Braze

In related news, CAO Pankaj Malik sold 4,174 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $32.77, for a total transaction of $136,781.98. Following the completion of the sale, the chief accounting officer owned 62,756 shares of the company’s stock, valued at $2,056,514.12. This trade represents a 6.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO William Magnuson sold 24,325 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $25.94, for a total value of $630,990.50. Following the sale, the chief executive officer directly owned 721,444 shares of the company’s stock, valued at $18,714,257.36. This represents a 3.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold 75,012 shares of company stock valued at $2,028,483 over the last ninety days. Insiders own 18.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on BRZE shares. Citigroup increased their target price on Braze from $50.00 to $52.00 and gave the stock a “buy” rating in a report on Friday, September 5th. JMP Securities reissued a “market outperform” rating and set a $68.00 target price on shares of Braze in a report on Friday, September 5th. Oppenheimer reduced their target price on Braze from $44.00 to $38.00 and set an “outperform” rating on the stock in a report on Tuesday, June 24th. Barclays increased their target price on Braze from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. Finally, Cantor Fitzgerald increased their target price on Braze from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. Nineteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Braze presently has an average rating of “Moderate Buy” and an average price target of $45.11.

Braze 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.