Vanguard Group Inc. Cuts Stock Holdings in Braze, Inc. $BRZE

Vanguard Group Inc. lessened its position in Braze, Inc. (NASDAQ:BRZE) by 7.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,958,415 shares of the company’s stock after selling 672,568 shares during the quarter. Vanguard Group Inc. owned about 8.05% of Braze worth $254,777,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in BRZE. SBI Securities Co. Ltd. increased its position in shares of Braze by 173.3% during the second quarter. SBI Securities Co. Ltd. now owns 1,372 shares of the company’s stock worth $39,000 after purchasing an additional 870 shares in the last quarter. Osaic Holdings Inc. grew its holdings in shares of Braze by 821.1% during the second quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock worth $44,000 after buying an additional 1,404 shares in the last quarter. Covestor Ltd grew its holdings in shares of Braze by 35.7% during the third quarter. Covestor Ltd now owns 2,894 shares of the company’s stock worth $82,000 after buying an additional 761 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Braze in the third quarter valued at about $119,000. Finally, Quent Capital LLC acquired a new stake in shares of Braze in the third quarter valued at about $133,000. 90.47% of the stock is owned by institutional investors and hedge funds.

Braze Price Performance

Braze stock opened at $18.99 on Friday. The firm has a 50 day simple moving average of $24.75 and a 200-day simple moving average of $27.46. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of -17.26 and a beta of 1.07. Braze, Inc. has a 1-year low of $15.26 and a 1-year high of $43.89.

Braze (NASDAQ:BRZE) last released its quarterly earnings data on Tuesday, December 9th. The company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. The firm had revenue of $190.84 million for the quarter, compared to analysts’ expectations of $198.25 million. Braze had a negative return on equity of 17.87% and a negative net margin of 16.85%.The firm’s quarterly revenue was up 25.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.02 earnings per share. Braze has set its FY 2026 guidance at 0.420-0.430 EPS and its Q4 2026 guidance at 0.130-0.140 EPS. Equities analysts expect that Braze, Inc. will post -0.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on BRZE shares. Cantor Fitzgerald restated an “overweight” rating and set a $38.00 price target on shares of Braze in a research report on Wednesday, December 10th. Mizuho raised their target price on shares of Braze from $45.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 10th. Stifel Nicolaus set a $40.00 target price on Braze in a report on Monday, February 9th. Wolfe Research raised Braze to an “overweight” rating in a report on Wednesday, December 10th. Finally, DA Davidson lifted their price objective on Braze from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Braze has a consensus rating of “Moderate Buy” and an average target price of $44.30.

Insiders Place Their Bets

In other Braze news, CEO William Magnuson sold 26,413 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $16.93, for a total value of $447,172.09. Following the transaction, the chief executive officer owned 4,491,098 shares of the company’s stock, valued at $76,034,289.14. This represents a 0.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Susan Wiseman sold 5,763 shares of the stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $16.93, for a total transaction of $97,567.59. Following the transaction, the general counsel directly owned 214,031 shares of the company’s stock, valued at approximately $3,623,544.83. This trade represents a 2.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 66,216 shares of company stock worth $1,225,772. Corporate insiders own 18.20% of the company’s stock.

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.