Andra AP fonden Sells 133,714 Shares of Braze, Inc. $BRZE

Andra AP fonden lowered its stake in shares of Braze, Inc. (NASDAQ:BRZE) by 94.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,500 shares of the company’s stock after selling 133,714 shares during the quarter. Andra AP fonden’s holdings in Braze were worth $242,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its holdings in shares of 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. Citizens Financial Group Inc. RI acquired a new stake in shares of Braze in the 2nd quarter valued at $736,000. Versor Investments LP bought a new stake in shares of Braze during the second quarter worth $638,000. Squarepoint Ops LLC bought a new position in Braze in the second quarter valued at about $3,273,000. Finally, Geode Capital Management LLC increased its position in Braze by 10.9% in the second quarter. Geode Capital Management LLC now owns 1,797,546 shares of the company’s stock worth $50,517,000 after purchasing an additional 177,391 shares during the period. Institutional investors and hedge funds own 90.47% of the company’s stock.

Braze Trading Down 1.1%

Shares of Braze stock opened at $18.99 on Monday. The stock’s fifty day simple moving average is $24.75 and its 200 day simple moving average is $27.48. The company has a market capitalization of $2.13 billion, a PE ratio of -17.26 and a beta of 1.08. Braze, Inc. has a 12 month low of $15.26 and a 12 month high of $43.89.

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

Wall Street Analysts Forecast Growth

BRZE has been the subject of several analyst reports. Wells Fargo & Company lifted their price target on shares of Braze from $40.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 10th. DA Davidson raised their price objective on shares of Braze from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Wolfe Research upgraded shares of Braze to an “overweight” rating in a research report on Wednesday, December 10th. Oppenheimer reissued an “outperform” rating and issued a $40.00 price target on shares of Braze in a research note on Wednesday, December 10th. Finally, BTIG Research assumed coverage on Braze in a research report on Tuesday, December 16th. They issued a “buy” rating and a $45.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $44.30.

Insider Transactions at Braze

In other Braze news, CEO William Magnuson sold 26,413 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 $447,172.09. Following the completion of the transaction, the chief executive officer owned 4,491,098 shares in the company, valued at approximately $76,034,289.14. This represents a 0.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Astha Malik sold 14,049 shares of Braze stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $16.93, for a total value of $237,849.57. Following the completion of the sale, the insider directly owned 205,289 shares in the company, valued at $3,475,542.77. This represents a 6.41% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 66,216 shares of company stock valued at $1,225,772. 18.20% of the stock is currently owned by insiders.

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.