22,710 Shares in Braze, Inc. $BRZE Acquired by Versor Investments LP

Versor Investments LP bought a new position in shares of Braze, Inc. (NASDAQ:BRZE) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,710 shares of the company’s stock, valued at approximately $638,000.

A number of other large investors have also recently added to or reduced their stakes in the company. US Bancorp DE increased its holdings in Braze by 1.4% during the 1st quarter. US Bancorp DE now owns 21,314 shares of the company’s stock worth $769,000 after purchasing an additional 302 shares in the last quarter. IFP Advisors Inc increased its holdings in Braze by 15.3% during the 1st quarter. IFP Advisors Inc now owns 3,386 shares of the company’s stock worth $122,000 after purchasing an additional 449 shares in the last quarter. GAMMA Investing LLC increased its holdings in Braze by 236.1% during the 1st quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock worth $27,000 after purchasing an additional 517 shares in the last quarter. CWM LLC increased its holdings in Braze by 9.7% during the 2nd quarter. CWM LLC now owns 6,009 shares of the company’s stock worth $169,000 after purchasing an additional 532 shares in the last quarter. Finally, Quarry LP increased its holdings in Braze by 296.0% during the 1st quarter. Quarry LP now owns 796 shares of the company’s stock worth $29,000 after purchasing an additional 595 shares in the last quarter. Institutional investors own 90.47% of the company’s stock.

Braze Stock Performance

Shares of NASDAQ:BRZE opened at $28.19 on Tuesday. Braze, Inc. has a 52-week low of $23.91 and a 52-week high of $48.33. The company has a market capitalization of $3.14 billion, a P/E ratio of -27.11 and a beta of 1.10. The company has a 50-day simple moving average of $28.85 and a 200 day simple moving average of $29.44.

Braze (NASDAQ:BRZE) last issued its earnings results on Thursday, September 4th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.25). Braze had a negative net margin of 16.62% and a negative return on equity of 17.97%. The firm had revenue of $180.11 million during the quarter, compared to analyst estimates of $171.63 million. During the same quarter last year, the business posted $0.09 earnings per share. The company’s revenue for the quarter was up 23.8% on a year-over-year basis. 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, equities analysts forecast that Braze, Inc. will post -0.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

BRZE has been the subject of a number of research reports. Canaccord Genuity Group reiterated a “buy” rating and set a $43.00 target price on shares of Braze in a report on Friday, September 5th. Piper Sandler restated an “overweight” rating and set a $50.00 price objective on shares of Braze in a research note on Wednesday, October 1st. Needham & Company LLC restated a “buy” rating and set a $50.00 price objective on shares of Braze in a research note on Wednesday, October 22nd. The Goldman Sachs Group set a $52.00 price objective on shares of Braze and gave the stock a “buy” rating in a research note on Saturday, September 6th. Finally, Cantor Fitzgerald increased their price objective on shares of Braze from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. Nineteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Braze has an average rating of “Moderate Buy” and a consensus target price of $45.11.

Insiders Place Their Bets

In other Braze news, CAO Pankaj Malik sold 4,174 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $32.77, for a total transaction of $136,781.98. Following the completion of the sale, the chief accounting officer directly owned 62,756 shares in the company, valued at $2,056,514.12. This trade represents a 6.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Jonathan Hyman sold 8,918 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $25.94, for a total transaction of $231,332.92. Following the sale, the chief technology officer owned 205,106 shares of the company’s stock, valued at $5,320,449.64. This trade represents a 4.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 66,011 shares of company stock worth $1,758,363 in the last three months. Insiders own 18.20% of the company’s stock.

Braze 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.