Bessemer Group Inc. Reduces Stock Position in Braze, Inc. $BRZE

Bessemer Group Inc. trimmed its stake in shares of Braze, Inc. (NASDAQ:BRZE) by 71.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,440 shares of the company’s stock after selling 33,100 shares during the quarter. Bessemer Group Inc.’s holdings in Braze were worth $317,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp raised its position in shares of Braze by 24.0% during the 1st quarter. Bank of New York Mellon Corp now owns 530,231 shares of the company’s stock worth $12,519,000 after purchasing an additional 102,571 shares during the period. Bleakley Financial Group LLC acquired a new position in shares of Braze in the 1st quarter worth approximately $529,000. Citizens Financial Group Inc. RI raised its position in shares of Braze by 4.0% during the first quarter. Citizens Financial Group Inc. RI now owns 27,287 shares of the company’s stock worth $644,000 after purchasing an additional 1,062 shares during the period. Fifth Third Bancorp acquired a new stake in Braze during the 1st quarter worth about $27,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Braze in the first quarter valued at $1,409,000. 90.47% of the stock is currently owned by institutional investors.

Braze Stock Performance

Shares of BRZE stock opened at $21.76 on Monday. Braze, Inc. has a 1 year low of $15.26 and a 1 year high of $37.33. The stock has a market cap of $2.45 billion, a P/E ratio of -19.43 and a beta of 0.85. The stock has a 50 day simple moving average of $23.12 and a 200 day simple moving average of $22.09.

Braze (NASDAQ:BRZE) last released its earnings results on Wednesday, May 27th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. Braze had a negative return on equity of 17.52% and a negative net margin of 15.51%.The firm had revenue of $211.00 million for the quarter, compared to analysts’ expectations of $205.19 million. During the same quarter in the previous year, the business posted $0.07 earnings per share. The business’s revenue for the quarter was up 30.2% on a year-over-year basis. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. Analysts forecast that Braze, Inc. will post -0.78 EPS for the current year.

Wall Street Analyst Weigh In

BRZE has been the topic of several research analyst reports. Citigroup lowered their price target on shares of Braze from $49.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, May 29th. BTIG Research restated a “buy” rating and set a $30.00 target price on shares of Braze in a research note on Tuesday, May 26th. Piper Sandler reissued an “overweight” rating and set a $27.00 price objective on shares of Braze in a report on Thursday, May 28th. Cantor Fitzgerald reissued an “overweight” rating and issued a $38.00 target price on shares of Braze in a research note on Thursday, May 28th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Braze in a report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Braze currently has a consensus rating of “Moderate Buy” and an average price target 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.