Braze, Inc. $BRZE Shares Purchased by Peregrine Capital Management LLC

Peregrine Capital Management LLC boosted its stake in Braze, Inc. (NASDAQ:BRZE) by 28.6% during the 1st quarter, Holdings Channel reports. The institutional investor owned 297,650 shares of the company’s stock after acquiring an additional 66,133 shares during the period. Peregrine Capital Management LLC’s holdings in Braze were worth $7,028,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. 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. JPMorgan Chase & Co. lifted its holdings in shares of Braze by 6.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,455,367 shares of the company’s stock worth $69,831,000 after acquiring an additional 139,133 shares during the last quarter. Battery Management CORP. lifted its holdings in shares of Braze by 70.2% in the 3rd quarter. Battery Management CORP. now owns 2,425,000 shares of the company’s stock worth $68,967,000 after acquiring an additional 1,000,000 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Braze by 28.8% during the 2nd quarter. Alliancebernstein L.P. now owns 2,320,171 shares of the company’s stock worth $65,197,000 after purchasing an additional 518,103 shares during the period. Finally, Westfield Capital Management Co. LP increased its holdings in Braze by 0.4% in the 4th quarter. Westfield Capital Management Co. LP now owns 2,187,275 shares of the company’s stock valued at $75,002,000 after purchasing an additional 9,322 shares during the last quarter. Institutional investors and hedge funds own 90.47% of the company’s stock.

Braze Stock Up 5.7%

Shares of BRZE stock opened at $22.93 on Thursday. Braze, Inc. has a 52 week low of $15.26 and a 52 week high of $37.33. The stock has a market capitalization of $2.58 billion, a PE ratio of -20.47 and a beta of 0.85. The firm has a 50 day moving average of $22.26 and a two-hundred day moving average of $23.29.

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

Insider Transactions at Braze

In other Braze news, General Counsel Susan Wiseman sold 35,000 shares of the stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $20.29, for a total value of $710,150.00. Following the sale, the general counsel owned 209,424 shares of the company’s stock, valued at $4,249,212.96. This trade represents a 14.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 12.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on BRZE. Stifel Nicolaus set a $30.00 target price on Braze in a research report on Thursday, May 28th. Mizuho dropped their price objective on Braze from $40.00 to $32.00 and set an “outperform” rating for the company in a research note on Thursday, May 28th. TD Cowen reiterated a “buy” rating on shares of Braze in a report on Monday, June 15th. The Goldman Sachs Group set a $34.00 target price on Braze and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Finally, Oppenheimer lowered their target price on Braze from $40.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, March 25th. One equities research 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $34.65.

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.