Andra AP fonden Sells 133,714 Shares of Braze, Inc. $BRZE

Andra AP fonden trimmed its position in Braze, Inc. (NASDAQ:BRZE) by 94.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,500 shares of the company’s stock after selling 133,714 shares during the quarter. Andra AP fonden’s holdings in Braze were worth $242,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Braze by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,224 shares of the company’s stock worth $1,415,000 after acquiring an additional 1,700 shares during the period. Intech Investment Management LLC grew its position in shares of Braze by 18.8% in the first quarter. Intech Investment Management LLC now owns 40,281 shares of the company’s stock valued at $1,453,000 after purchasing an additional 6,379 shares during the last quarter. State of New Jersey Common Pension Fund D increased its stake in shares of Braze by 7.6% in the second quarter. State of New Jersey Common Pension Fund D now owns 54,029 shares of the company’s stock worth $1,518,000 after purchasing an additional 3,795 shares during the period. Versor Investments LP bought a new position in shares of Braze in the second quarter worth about $638,000. Finally, Corton Capital Inc. acquired a new position in shares of Braze during the 2nd quarter worth about $339,000. 90.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO William Magnuson sold 26,413 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $16.93, for a total transaction of $447,172.09. Following the sale, the chief executive officer directly owned 4,491,098 shares in the company, valued at $76,034,289.14. This represents a 0.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Astha Malik sold 14,049 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $16.93, for a total value of $237,849.57. Following the sale, the insider directly owned 205,289 shares of the company’s stock, valued at $3,475,542.77. This represents a 6.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 66,216 shares of company stock valued at $1,225,772. Corporate insiders own 18.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BRZE. The Goldman Sachs Group lowered their target price on Braze from $55.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, January 28th. Oppenheimer reiterated an “outperform” rating and set a $40.00 price target on shares of Braze in a report on Wednesday, December 10th. Cantor Fitzgerald restated an “overweight” rating and issued a $38.00 price objective on shares of Braze in a research note on Wednesday, December 10th. Citigroup boosted their target price on shares of Braze from $52.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Finally, Mizuho boosted their price objective on Braze from $45.00 to $50.00 and gave the company an “outperform” rating in a research report on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $44.30.

Braze Price Performance

Shares of BRZE stock opened at $18.99 on Monday. The stock’s fifty day simple moving average is $24.75 and its 200 day simple moving average is $27.48. Braze, Inc. has a one year low of $15.26 and a one year high of $43.89. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of -17.26 and a beta of 1.08.

Braze (NASDAQ:BRZE) last issued its quarterly earnings data on Tuesday, December 9th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. The company had revenue of $190.84 million during the quarter, compared to analysts’ expectations of $198.25 million. Braze had a negative return on equity of 17.87% and a negative net margin of 16.85%.The business’s revenue was up 25.5% on a year-over-year basis. During the same period last year, the business earned $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. On average, research analysts anticipate that Braze, Inc. will post -0.98 earnings per share for the current year.

About Braze

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.