WINTON GROUP Ltd Makes New $807,000 Investment in Braze, Inc. $BRZE

WINTON GROUP Ltd bought a new position in shares of Braze, Inc. (NASDAQ:BRZE) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 23,549 shares of the company’s stock, valued at approximately $807,000.

Several other hedge funds also recently bought and sold shares of the stock. SBI Securities Co. Ltd. boosted its stake in Braze by 34.3% during the third quarter. SBI Securities Co. Ltd. now owns 1,843 shares of the company’s stock worth $52,000 after buying an additional 471 shares during the period. Clearstead Advisors LLC boosted its stake 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 during the period. Rhumbline Advisers boosted its stake in Braze by 0.6% during the third quarter. Rhumbline Advisers now owns 112,638 shares of the company’s stock worth $3,203,000 after buying an additional 638 shares during the period. Arizona State Retirement System boosted its stake in shares of Braze by 3.2% in the fourth quarter. Arizona State Retirement System now owns 22,437 shares of the company’s stock valued at $769,000 after purchasing an additional 688 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Braze by 7.2% in the third quarter. Envestnet Asset Management Inc. now owns 11,080 shares of the company’s stock valued at $315,000 after purchasing an additional 746 shares during the period. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on BRZE. Stifel Nicolaus set a $30.00 price objective on shares of Braze in a research note on Thursday, May 28th. DA Davidson reissued a “buy” rating and issued a $33.00 price objective on shares of Braze in a research note on Thursday, May 28th. Cantor Fitzgerald reissued an “overweight” rating and issued a $38.00 price objective on shares of Braze in a research note on Thursday, May 28th. Oppenheimer lowered their price objective on shares of Braze from $40.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, March 25th. Finally, TD Cowen lowered their price objective on shares of Braze from $43.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, March 20th. Nineteen analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $35.00.

Insiders Place Their Bets

In related news, General Counsel Susan Wiseman sold 35,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $20.29, for a total value of $710,150.00. Following the sale, the general counsel owned 209,424 shares of the company’s stock, valued at $4,249,212.96. This trade represents a 14.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.50% of the stock is currently owned by company insiders.

Braze Stock Down 2.4%

Shares of NASDAQ:BRZE opened at $21.66 on Thursday. The firm’s 50 day moving average price is $22.73 and its 200 day moving average price is $24.25. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of -19.34 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 earnings results on Wednesday, May 27th. The company reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. The firm 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 firm’s revenue was up 30.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.07 earnings per share. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. On average, equities analysts anticipate that Braze, Inc. will post -0.76 EPS for the current year.

Braze Company 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.