Kettle Hill Capital Management LLC Purchases New Shares in Braze, Inc. $BRZE

Kettle Hill Capital Management LLC acquired a new position in Braze, Inc. (NASDAQ:BRZE) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 747,715 shares of the company’s stock, valued at approximately $25,639,000. Braze makes up approximately 5.7% of Kettle Hill Capital Management LLC’s investment portfolio, making the stock its 7th biggest position.

A number of other institutional investors have also recently bought and sold shares of BRZE. NBC Securities Inc. acquired a new position in shares of Braze during the 4th quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd raised its position in shares of Braze by 3,650.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company’s stock valued at $28,000 after buying an additional 803 shares in the last quarter. Osaic Holdings Inc. boosted its stake in shares of Braze by 821.1% in the second quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock valued at $44,000 after buying an additional 1,404 shares during the period. Quarry LP bought a new stake in shares of Braze in the third quarter valued at approximately $46,000. Finally, Clearstead Advisors LLC grew its position in Braze by 58.2% during the third quarter. Clearstead Advisors LLC now owns 1,685 shares of the company’s stock worth $48,000 after buying an additional 620 shares in the last quarter. Institutional investors own 90.47% of the company’s stock.

Wall Street Analyst Weigh In

BRZE has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price objective on Braze from $32.00 to $33.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 25th. Cantor Fitzgerald reissued an “overweight” rating and set a $38.00 target price on shares of Braze in a report on Thursday, May 28th. Oppenheimer dropped their price target on Braze from $40.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, March 25th. Canaccord Genuity Group cut their price objective on shares of Braze from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, May 28th. Finally, Piper Sandler reiterated an “overweight” rating and set a $27.00 price objective on shares of Braze in a research note on Thursday, May 28th. Nineteen analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Braze has an average rating of “Moderate Buy” and an average price target of $35.00.

Braze Price Performance

NASDAQ BRZE opened at $21.73 on Tuesday. The business has a fifty day moving average price of $22.62 and a two-hundred day moving average price of $24.13. The stock has a market capitalization of $2.45 billion, a PE ratio of -19.40 and a beta of 0.83. Braze, Inc. has a fifty-two week low of $15.26 and a fifty-two week high of $37.33.

Braze (NASDAQ:BRZE) last issued its quarterly 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. Braze had a negative return on equity of 17.52% and a negative net margin of 15.51%.The company had revenue of $211.00 million for the quarter, compared to analyst estimates of $205.19 million. During the same quarter last year, the company posted $0.07 EPS. The company’s revenue for the quarter was up 30.2% compared to the same quarter last year. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. As a group, sell-side analysts expect that Braze, Inc. will post -0.76 earnings per share for the current year.

Insider Transactions at Braze

In other Braze news, General Counsel Susan Wiseman sold 35,000 shares of Braze stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $20.29, for a total value of $710,150.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 12.50% of the stock is currently owned by corporate 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.