Bleakley Financial Group LLC Makes New Investment in Braze, Inc. $BRZE

Bleakley Financial Group LLC acquired a new stake in Braze, Inc. (NASDAQ:BRZE) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 22,395 shares of the company’s stock, valued at approximately $529,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BRZE. Vanguard Group Inc. increased its position in shares of Braze by 10.0% during the fourth quarter. Vanguard Group Inc. now owns 9,851,050 shares of the company’s stock valued at $337,793,000 after acquiring an additional 892,635 shares during the last quarter. Battery Management CORP. raised its stake in shares of Braze by 70.2% during the 3rd quarter. Battery Management CORP. now owns 2,425,000 shares of the company’s stock worth $68,967,000 after purchasing an additional 1,000,000 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Braze by 28.8% in the 2nd quarter. Alliancebernstein L.P. now owns 2,320,171 shares of the company’s stock worth $65,197,000 after buying an additional 518,103 shares during the last quarter. Westfield Capital Management Co. LP grew its position in Braze by 0.4% during the fourth quarter. Westfield Capital Management Co. LP now owns 2,187,275 shares of the company’s stock valued at $75,002,000 after buying an additional 9,322 shares during the period. Finally, Alyeska Investment Group L.P. grew its position in Braze by 592.4% during the fourth quarter. Alyeska Investment Group L.P. now owns 2,105,024 shares of the company’s stock valued at $72,181,000 after buying an additional 1,801,019 shares during the period. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Braze Trading Up 1.1%

BRZE opened at $26.50 on Friday. The company has a 50 day moving average of $22.80 and a 200 day moving average of $22.55. Braze, Inc. has a 12 month low of $15.26 and a 12 month high of $37.33. The company has a market cap of $2.98 billion, a PE ratio of -23.66 and a beta of 0.85.

Braze (NASDAQ:BRZE) last posted its earnings results on Wednesday, May 27th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. The firm had revenue of $211.00 million for the quarter, compared to the consensus estimate of $205.19 million. Braze had a negative return on equity of 17.52% and a negative net margin of 15.51%.The business’s quarterly revenue was up 30.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.07 earnings per share. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. Research analysts forecast that Braze, Inc. will post -0.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Barclays lifted their price objective on shares of Braze from $29.00 to $31.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 25th. Canaccord Genuity Group lowered their price target on shares of Braze from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, May 28th. Oppenheimer reduced their price objective on Braze from $40.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, March 25th. UBS Group reissued an “outperform” rating on shares of Braze in a research report on Thursday, May 28th. Finally, Stifel Nicolaus set a $30.00 target price on Braze in a research note on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Braze presently has a consensus rating of “Moderate Buy” and an average target price of $34.76.

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.