SG Americas Securities LLC Buys 104,814 Shares of Braze, Inc. $BRZE

SG Americas Securities LLC boosted its stake in Braze, Inc. (NASDAQ:BRZE) by 36.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 394,604 shares of the company’s stock after purchasing an additional 104,814 shares during the quarter. SG Americas Securities LLC owned about 0.35% of Braze worth $9,317,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Braze by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,224 shares of the company’s stock valued at $1,415,000 after buying an additional 1,700 shares during the period. Intech Investment Management LLC raised its stake in Braze by 18.8% during 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 period. Prudential Financial Inc. bought a new position in Braze in the second quarter worth approximately $272,000. Russell Investments Group Ltd. boosted its holdings 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 acquiring an additional 8,957 shares in the last quarter. Finally, Amundi grew its stake in Braze by 8.9% in the second quarter. Amundi now owns 32,581 shares of the company’s stock valued at $918,000 after acquiring an additional 2,657 shares during the period. Institutional investors and hedge funds own 90.47% of the company’s stock.

Braze Stock Up 7.4%

BRZE stock opened at $21.02 on Friday. Braze, Inc. has a twelve month low of $15.26 and a twelve month high of $37.33. The stock’s 50 day moving average is $22.33 and its 200-day moving average is $23.59. The firm has a market capitalization of $2.37 billion, a PE ratio of -18.77 and a beta of 0.83.

Braze (NASDAQ:BRZE) last announced its earnings results on Wednesday, May 27th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. The company had revenue of $211.00 million for the quarter, compared to analysts’ expectations of $205.19 million. Braze had a negative return on equity of 17.52% and a negative net margin of 15.51%.Braze’s quarterly revenue was up 30.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.07 earnings per share. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. On average, equities research analysts anticipate that Braze, Inc. will post -0.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on BRZE shares. Citizens Jmp restated a “market outperform” rating and set a $35.00 price objective on shares of Braze in a report on Thursday, May 28th. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price target on shares of Braze in a research report on Wednesday, March 25th. Stifel Nicolaus set a $30.00 price target on shares of Braze in a research note on Thursday, May 28th. DA Davidson restated a “buy” rating and set a $33.00 price objective on shares of Braze in a report on Thursday, May 28th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Braze in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.65.

Insider Activity

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

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.