State of New Jersey Common Pension Fund D Acquires 3,795 Shares of Braze, Inc. $BRZE

State of New Jersey Common Pension Fund D increased its holdings in Braze, Inc. (NASDAQ:BRZE) by 7.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 54,029 shares of the company’s stock after buying an additional 3,795 shares during the period. State of New Jersey Common Pension Fund D owned 0.05% of Braze worth $1,518,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd bought a new position in shares of Braze in the first quarter worth $691,000. GAMMA Investing LLC boosted its stake in Braze by 236.1% in 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 period. AlphaQuest LLC boosted its stake in Braze by 250.6% in the 2nd quarter. AlphaQuest LLC now owns 17,899 shares of the company’s stock worth $503,000 after purchasing an additional 12,794 shares during the period. Vident Advisory LLC bought a new position in shares of Braze in the first quarter valued at approximately $356,000. Finally, Stephens Investment Management Group LLC boosted its position in shares of Braze by 45.9% in the second quarter. Stephens Investment Management Group LLC now owns 1,169,860 shares of the company’s stock valued at $32,873,000 after acquiring an additional 368,190 shares during the period. 90.47% of the stock is owned by institutional investors.

Braze Price Performance

NASDAQ:BRZE opened at $28.66 on Monday. The business has a 50 day moving average of $28.81 and a 200 day moving average of $29.45. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of -27.56 and a beta of 1.10. Braze, Inc. has a 1-year low of $23.91 and a 1-year high of $48.33.

Braze (NASDAQ:BRZE) last announced its quarterly earnings data on Thursday, September 4th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.25). The business had revenue of $180.11 million during the quarter, compared to the consensus estimate of $171.63 million. Braze had a negative return on equity of 17.97% and a negative net margin of 16.62%.The company’s revenue was up 23.8% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. As a group, sell-side analysts anticipate that Braze, Inc. will post -0.98 EPS for the current year.

Insiders Place Their Bets

In other news, CTO Jonathan Hyman sold 8,918 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $25.94, for a total value of $231,332.92. Following the completion of the sale, the chief technology officer owned 205,106 shares of the company’s stock, valued at approximately $5,320,449.64. The trade was a 4.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO William Magnuson sold 24,325 shares of the business’s 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 sale, the chief executive officer directly owned 721,444 shares of the company’s stock, valued at approximately $18,714,257.36. This trade represents a 3.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 66,011 shares of company stock valued at $1,758,363 over the last three months. 18.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

BRZE has been the subject of several analyst reports. Canaccord Genuity Group reissued a “buy” rating and issued a $43.00 price target on shares of Braze in a report on Friday, September 5th. Mizuho lifted their price target on Braze from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, September 5th. UBS Group dropped their price target on Braze from $48.00 to $43.00 and set a “buy” rating for the company in a research report on Friday, September 5th. Citigroup lifted their target price on shares of Braze from $50.00 to $52.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Finally, JMP Securities reiterated a “market outperform” rating and set a $68.00 target price on shares of Braze in a research report on Friday, September 5th. Nineteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Braze currently has an average rating of “Moderate Buy” and an average price target of $45.11.

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.