Northwestern Mutual Wealth Management Co. Acquires 100,068 Shares of Braze, Inc. $BRZE

Northwestern Mutual Wealth Management Co. increased its holdings in shares of Braze, Inc. (NASDAQ:BRZE) by 232,716.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,111 shares of the company’s stock after buying an additional 100,068 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Braze were worth $3,433,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in Braze by 6.0% in the third quarter. JPMorgan Chase & Co. now owns 2,455,367 shares of the company’s stock valued at $69,831,000 after purchasing an additional 139,133 shares in the last quarter. Vanguard Group Inc. increased its stake in Braze by 10.0% in the fourth quarter. Vanguard Group Inc. now owns 9,851,050 shares of the company’s stock valued at $337,793,000 after purchasing an additional 892,635 shares in the last quarter. SG Americas Securities LLC increased its stake in Braze by 5,412.5% in the fourth quarter. SG Americas Securities LLC now owns 289,790 shares of the company’s stock valued at $9,937,000 after purchasing an additional 284,533 shares in the last quarter. Dana Investment Advisors Inc. bought a new stake in Braze in the fourth quarter valued at approximately $1,980,000. Finally, Jefferies Financial Group Inc. increased its stake in Braze by 412.2% in the third quarter. Jefferies Financial Group Inc. now owns 99,761 shares of the company’s stock valued at $2,837,000 after purchasing an additional 80,285 shares in the last quarter. Institutional investors own 90.47% of the company’s stock.

Braze Stock Down 1.8%

Shares of BRZE stock opened at $23.14 on Friday. The firm has a fifty day moving average of $22.76 and a 200-day moving average of $24.39. Braze, Inc. has a 12-month low of $15.26 and a 12-month high of $37.67. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of -20.66 and a beta of 0.83.

Braze (NASDAQ:BRZE) last issued its quarterly earnings data on Wednesday, May 27th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. Braze had a negative net margin of 15.51% and a negative return on equity of 17.52%. The company had revenue of $211.00 million during the quarter, compared to the consensus estimate of $205.19 million. During the same quarter in the prior year, the firm earned $0.07 earnings per share. The firm’s revenue was up 30.2% compared to the same quarter last year. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. On average, equities analysts expect that Braze, Inc. will post -0.87 EPS for the current year.

Insider Activity

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

Analyst Upgrades and Downgrades

BRZE has been the subject of several recent analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $27.00 target price on shares of Braze in a research note on Thursday, May 28th. DA Davidson reaffirmed a “buy” rating and issued a $33.00 target price on shares of Braze in a research note on Thursday, May 28th. Canaccord Genuity Group lowered their target price on shares of Braze from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, May 28th. Stifel Nicolaus set a $30.00 target price on shares of Braze in a research note on Thursday, May 28th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 target price on shares of Braze in a research note on Wednesday, March 25th. Twenty-two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.14.

Braze Company 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.