Envestnet Asset Management Inc. Sells 75,923 Shares of Braze, Inc. $BRZE

Envestnet Asset Management Inc. trimmed its position in Braze, Inc. (NASDAQ:BRZE) by 88.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,334 shares of the company’s stock after selling 75,923 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Braze were worth $290,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Quarry LP lifted its stake in Braze by 296.0% during the first quarter. Quarry LP now owns 796 shares of the company’s stock worth $29,000 after purchasing an additional 595 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Braze during the 1st quarter worth $36,000. SouthState Corp bought a new stake in shares of Braze during the 1st quarter worth $83,000. IFP Advisors Inc lifted its position in shares of Braze by 17.7% during the 2nd quarter. IFP Advisors Inc now owns 3,987 shares of the company’s stock worth $117,000 after buying an additional 601 shares during the last quarter. Finally, CWM LLC boosted its stake in Braze by 9.7% in the second quarter. CWM LLC now owns 6,009 shares of the company’s stock valued at $169,000 after buying an additional 532 shares in the last quarter. 90.47% of the stock is currently owned by institutional investors and hedge funds.

Braze Price Performance

Shares of NASDAQ:BRZE opened at $28.32 on Friday. The firm has a market cap of $3.15 billion, a P/E ratio of -27.23 and a beta of 1.10. Braze, Inc. has a 12-month low of $23.91 and a 12-month high of $48.33. The business has a fifty day simple moving average of $28.31 and a 200 day simple moving average of $29.07.

Braze (NASDAQ:BRZE) last released its quarterly earnings results on Thursday, September 4th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.25). The company had revenue of $180.11 million during the quarter, compared to the consensus estimate of $171.63 million. Braze had a negative net margin of 16.62% and a negative return on equity of 17.97%. The company’s quarterly revenue was up 23.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 EPS. Braze has set its FY 2026 guidance at 0.410-0.420 EPS. Q3 2026 guidance at 0.060-0.070 EPS. As a group, equities research analysts expect that Braze, Inc. will post -0.98 EPS for the current year.

Insider Buying and Selling at Braze

In other news, CAO Pankaj Malik sold 3,644 shares of the stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $26.64, for a total transaction of $97,076.16. Following the completion of the sale, the chief accounting officer directly owned 59,112 shares in the company, valued at $1,574,743.68. This represents a 5.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Jonathan Hyman sold 9,789 shares of Braze stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $26.64, for a total transaction of $260,778.96. Following the transaction, the chief technology officer directly owned 195,317 shares of the company’s stock, valued at $5,203,244.88. This represents a 4.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 71,827 shares of company stock worth $1,962,397. Company insiders own 18.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on BRZE shares. Barclays increased their target price on shares of Braze from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. UBS Group dropped their price objective on shares of Braze from $48.00 to $43.00 and set a “buy” rating for the company in a research note on Friday, September 5th. The Goldman Sachs Group set a $52.00 target price on shares of Braze and gave the company a “buy” rating in a research report on Saturday, September 6th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Braze in a report on Wednesday, October 8th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $50.00 price target on shares of Braze in a research note on Wednesday, October 1st. Nineteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Braze presently has an average rating of “Moderate Buy” and an average price target of $45.11.

About Braze

Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. The company offers Braze software development kits that automatically manage data ingestion and deliver mobile and web notifications, in-application/in-browser interstitial messages, and content cards; REST API that can be used to import or export data or to trigger workflows between Braze and brands' existing technology stacks; Partner Data Integrations, which allow brands to sync user cohorts from partners; Data Transformation, in which brands can programmatically sync and transform user data; and Braze Cloud Data Ingestion that enables brands to harness their customer data.