Hsbc Holdings PLC Takes Position in Braze, Inc. $BRZE

Hsbc Holdings PLC bought a new stake in Braze, Inc. (NASDAQ:BRZE) in the 1st quarter, Holdings Channel.com reports. The firm bought 59,615 shares of the company’s stock, valued at approximately $1,409,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Alyeska Investment Group L.P. raised its stake in Braze by 592.4% in the fourth quarter. Alyeska Investment Group L.P. now owns 2,105,024 shares of the company’s stock valued at $72,181,000 after buying an additional 1,801,019 shares during the period. UBS Group AG lifted its position in shares of Braze by 421.1% in the third quarter. UBS Group AG now owns 1,279,678 shares of the company’s stock valued at $36,394,000 after buying an additional 1,034,087 shares during the last quarter. Battery Management CORP. boosted its stake in shares of Braze by 70.2% during the 3rd quarter. Battery Management CORP. now owns 2,425,000 shares of the company’s stock worth $68,967,000 after acquiring an additional 1,000,000 shares during the period. Bank of America Corp DE increased its holdings in shares of Braze by 238.2% during the 3rd quarter. Bank of America Corp DE now owns 1,351,227 shares of the company’s stock worth $38,429,000 after acquiring an additional 951,674 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Braze by 10.0% during the 4th quarter. Vanguard Group Inc. now owns 9,851,050 shares of the company’s stock worth $337,793,000 after acquiring an additional 892,635 shares during the last quarter. Institutional investors own 90.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. TD Cowen reaffirmed a “buy” rating on shares of Braze in a report on Monday, June 15th. Citizens Jmp reiterated a “market outperform” rating and issued a $35.00 price objective on shares of Braze in a report on Thursday, May 28th. The Goldman Sachs Group set a $34.00 price objective on shares of Braze and gave the company a “buy” rating in a research report on Wednesday, June 24th. Stifel Nicolaus set a $30.00 target price on shares of Braze in a report on Thursday, May 28th. Finally, 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. One investment 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $34.76.

Braze Price Performance

BRZE opened at $23.51 on Tuesday. The business has a fifty day simple moving average of $23.16 and a 200 day simple moving average of $22.04. The company has a market capitalization of $2.65 billion, a PE ratio of -20.99 and a beta of 0.85. Braze, Inc. has a 1 year low of $15.26 and a 1 year high of $37.33.

Braze (NASDAQ:BRZE) last posted its quarterly earnings data on Wednesday, May 27th. The company reported $0.10 earnings per share for the quarter, hitting 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 return on equity of 17.52% and a negative net margin of 15.51%.During the same quarter last year, the business earned $0.07 EPS. The company’s quarterly revenue was up 30.2% compared to the same quarter last year. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. Equities analysts anticipate that Braze, Inc. will post -0.78 earnings per share for the current fiscal year.

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.