Los Angeles Capital Management LLC Has $3.09 Million Stock Holdings in Braze, Inc. $BRZE

Los Angeles Capital Management LLC raised its stake in Braze, Inc. (NASDAQ:BRZE) by 376.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 90,236 shares of the company’s stock after buying an additional 71,302 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Braze were worth $3,094,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BRZE. NBC Securities Inc. acquired a new position in Braze in the 4th quarter valued at $27,000. Osaic Holdings Inc. raised its holdings in Braze by 821.1% in the 2nd quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock valued at $44,000 after acquiring an additional 1,404 shares in the last quarter. Quarry LP acquired a new position in Braze in the 3rd quarter valued at $46,000. Clearstead Advisors LLC increased its stake in shares of Braze by 58.2% in the 3rd quarter. Clearstead Advisors LLC now owns 1,685 shares of the company’s stock valued at $48,000 after purchasing an additional 620 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its stake in shares of Braze by 34.3% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,843 shares of the company’s stock valued at $52,000 after purchasing an additional 471 shares during the last quarter. 90.47% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Citigroup decreased their price target on Braze from $49.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, May 29th. Canaccord Genuity Group decreased their price target on Braze from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, May 28th. BTIG Research reiterated a “buy” rating and issued a $30.00 price target on shares of Braze in a research note on Tuesday, May 26th. JPMorgan Chase & Co. lifted their price target on Braze from $32.00 to $33.00 and gave the company an “overweight” rating in a research note on Wednesday, March 25th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $27.00 price target on shares of Braze in a research note on Thursday, May 28th. Nineteen investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Braze has an average rating of “Moderate Buy” and an average target price of $35.00.

Braze Stock Down 3.8%

Shares of BRZE stock opened at $22.19 on Wednesday. The firm has a market capitalization of $2.50 billion, a P/E ratio of -19.81 and a beta of 0.83. Braze, Inc. has a twelve month low of $15.26 and a twelve month high of $37.33. The stock’s fifty day simple moving average is $22.77 and its 200 day simple moving average is $24.29.

Braze (NASDAQ:BRZE) last issued its quarterly earnings data on Wednesday, May 27th. The company reported $0.10 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.10. The business had revenue of $211.00 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. As a group, equities research analysts expect that Braze, Inc. will post -0.76 EPS for the current fiscal 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.