Harbor Capital Advisors Inc. Sells 63,795 Shares of Braze, Inc. $BRZE

Harbor Capital Advisors Inc. reduced its position in Braze, Inc. (NASDAQ:BRZE) by 50.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,021 shares of the company’s stock after selling 63,795 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.06% of Braze worth $1,792,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in BRZE. Quarry LP boosted its position in shares of Braze by 296.0% during the 1st quarter. Quarry LP now owns 796 shares of the company’s stock worth $29,000 after acquiring an additional 595 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in Braze by 173.3% in the second quarter. SBI Securities Co. Ltd. now owns 1,372 shares of the company’s stock valued at $39,000 after buying an additional 870 shares in the last quarter. Osaic Holdings Inc. grew its position in Braze by 821.1% in the second quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock valued at $44,000 after acquiring an additional 1,404 shares during the last quarter. IFP Advisors Inc raised its stake in Braze by 17.7% during the second quarter. IFP Advisors Inc now owns 3,987 shares of the company’s stock worth $117,000 after acquiring an additional 601 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of Braze by 9.7% in the second quarter. CWM LLC now owns 6,009 shares of the company’s stock worth $169,000 after acquiring an additional 532 shares during the last quarter. 90.47% of the stock is currently owned by institutional investors and hedge funds.

Braze Stock Performance

Shares of NASDAQ:BRZE opened at $35.82 on Friday. Braze, Inc. has a 52 week low of $23.91 and a 52 week high of $48.33. The firm has a market cap of $4.02 billion, a PE ratio of -32.56 and a beta of 1.10. The firm’s fifty day moving average is $29.87 and its 200-day moving average is $28.68.

Braze (NASDAQ:BRZE) last posted its quarterly earnings data on Tuesday, December 9th. The company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. The business had revenue of $190.84 million during the quarter, compared to the consensus estimate of $198.25 million. Braze had a negative return on equity of 17.87% and a negative net margin of 16.85%.Braze’s quarterly revenue was up 25.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.02 earnings per share. Braze has set its FY 2026 guidance at 0.420-0.430 EPS and its Q4 2026 guidance at 0.130-0.140 EPS. Sell-side analysts forecast that Braze, Inc. will post -0.98 EPS for the current year.

Wall Street Analyst Weigh In

BRZE has been the topic of several research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $38.00 price target on shares of Braze in a report on Wednesday, December 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Braze in a research note on Monday. JMP Securities reiterated a “market outperform” rating and set a $68.00 price target on shares of Braze in a report on Friday, September 5th. Citigroup increased their price target on Braze from $52.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Finally, William Blair restated an “outperform” rating on shares of Braze in a research report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $46.95.

Insider Activity at Braze

In related news, CEO William Magnuson sold 26,698 shares of Braze stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $26.64, for a total value of $711,234.72. Following the transaction, the chief executive officer directly owned 694,746 shares of the company’s stock, valued at $18,508,033.44. The trade was a 3.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Susan Wiseman sold 5,474 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $26.64, for a total transaction of $145,827.36. Following the sale, the general counsel directly owned 224,250 shares of the company’s stock, valued at $5,974,020. This represents a 2.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 69,923 shares of company stock valued at $1,917,418 over the last ninety days. Insiders own 18.20% of the company’s stock.

Braze Profile

Braze, Inc is a publicly traded software company (NASDAQ: BRZE) that offers a customer engagement platform designed to help brands build personalized relationships with their users. Founded in 2011 as Appboy by Bill Magnuson, Jon Hyman and Mark Ghermezian, the company adopted the Braze name in 2017 to underscore its focus on fostering strong connections between businesses and consumers. Its cloud-based platform consolidates messaging channels including push notifications, in-app messages, email and SMS, enabling companies to deliver timely, context-driven communications at scale.

The core functionality of Braze’s platform centers on data-driven segmentation, customer journey orchestration and real-time analytics.