Sei Investments Co. Sells 28,701 Shares of Braze, Inc. $BRZE

Sei Investments Co. cut its holdings in Braze, Inc. (NASDAQ:BRZE) by 18.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 128,654 shares of the company’s stock after selling 28,701 shares during the quarter. Sei Investments Co.’s holdings in Braze were worth $3,038,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of 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 buying an additional 1,700 shares in the last quarter. Intech Investment Management LLC increased its position in shares of Braze by 18.8% during the first quarter. Intech Investment Management LLC now owns 40,281 shares of the company’s stock worth $1,453,000 after acquiring an additional 6,379 shares in the last quarter. Prudential Financial Inc. acquired a new stake in shares of Braze during the second quarter worth $272,000. Russell Investments Group Ltd. raised its holdings in shares of Braze by 1,353.0% during 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 during the period. Finally, Amundi lifted its position in Braze by 8.9% in the 2nd quarter. Amundi now owns 32,581 shares of the company’s stock valued at $918,000 after acquiring an additional 2,657 shares in the last quarter. 90.47% of the stock is owned by institutional investors.

Braze Price Performance

Braze stock opened at $26.54 on Friday. The company’s 50-day moving average is $23.49 and its 200-day moving average is $21.92. The firm has a market capitalization of $2.99 billion, a PE ratio of -23.70 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 (EPS) for the quarter, meeting the consensus estimate of $0.10. Braze had a negative net margin of 15.51% and a negative return on equity of 17.52%. The business had revenue of $211.00 million during the quarter, compared to the consensus estimate of $205.19 million. During the same period last year, the business posted $0.07 EPS. Braze’s revenue was up 30.2% on a year-over-year basis. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. As a group, analysts expect that Braze, Inc. will post -0.78 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Braze in a research note on Tuesday, July 7th. Piper Sandler restated an “overweight” rating and issued a $27.00 price target on shares of Braze in a report on Thursday, May 28th. DA Davidson reaffirmed a “buy” rating and set a $33.00 price objective on shares of Braze in a research report on Thursday, May 28th. The Goldman Sachs Group set a $34.00 price objective on Braze and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $38.00 target price on shares of Braze in a research report on Thursday, May 28th. One research 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.76.

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.