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

Bessemer Group Inc. lowered its position in shares of Braze, Inc. (NASDAQ:BRZE) by 71.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,440 shares of the company’s stock after selling 33,100 shares during the quarter. Bessemer Group Inc.’s holdings in Braze were worth $317,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Braze by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,224 shares of the company’s stock valued at $1,415,000 after purchasing an additional 1,700 shares during the last quarter. Intech Investment Management LLC increased its holdings in shares of Braze by 18.8% in the 1st quarter. Intech Investment Management LLC now owns 40,281 shares of the company’s stock worth $1,453,000 after buying an additional 6,379 shares during the last quarter. Prudential Financial Inc. purchased a new position in shares of Braze during the 2nd quarter valued at about $272,000. Russell Investments Group Ltd. lifted its stake in Braze by 1,353.0% in the second quarter. Russell Investments Group Ltd. now owns 9,619 shares of the company’s stock worth $270,000 after purchasing an additional 8,957 shares during the last quarter. Finally, Amundi boosted its stake in shares of Braze by 8.9% during the second quarter. Amundi now owns 32,581 shares of the company’s stock valued at $918,000 after purchasing an additional 2,657 shares during the period. 90.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BRZE has been the subject of a number of research analyst reports. Citizens Jmp reaffirmed a “market outperform” rating and issued a $35.00 price target on shares of Braze in a research note on Thursday, May 28th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $38.00 price target on shares of Braze in a report on Thursday, May 28th. UBS Group reaffirmed an “outperform” rating on shares of Braze in a research report on Thursday, May 28th. Canaccord Genuity Group cut their price objective on Braze from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, May 28th. Finally, JPMorgan Chase & Co. raised their price target on Braze from $33.00 to $35.00 and gave the company an “overweight” rating in a report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.76.

Braze Price Performance

Shares of BRZE stock opened at $21.76 on Monday. The company has a market cap of $2.45 billion, a PE ratio of -19.43 and a beta of 0.85. The stock’s 50 day simple moving average is $23.12 and its two-hundred day simple moving average is $22.09. Braze, Inc. has a 1 year low of $15.26 and a 1 year high of $37.33.

Braze (NASDAQ:BRZE) last posted its quarterly earnings data on Wednesday, May 27th. The company reported $0.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.10. The business had revenue of $211.00 million for the quarter, compared to analysts’ expectations of $205.19 million. Braze had a negative net margin of 15.51% and a negative return on equity of 17.52%. The business’s revenue was up 30.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.07 earnings per share. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. Equities research analysts expect that Braze, Inc. will post -0.78 EPS for the current year.

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.