Braze, Inc. $BRZE Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its position in shares of Braze, Inc. (NASDAQ:BRZE) by 24.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 530,231 shares of the company’s stock after buying an additional 102,571 shares during the quarter. Bank of New York Mellon Corp’s holdings in Braze were worth $12,519,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Braze by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,224 shares of the company’s stock worth $1,415,000 after acquiring an additional 1,700 shares during the last quarter. Intech Investment Management LLC raised its holdings in shares of Braze by 18.8% in the first quarter. Intech Investment Management LLC now owns 40,281 shares of the company’s stock valued at $1,453,000 after buying an additional 6,379 shares during the last quarter. Prudential Financial Inc. acquired a new stake in shares of Braze during the second quarter worth about $272,000. Russell Investments Group Ltd. boosted its stake 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 buying an additional 8,957 shares during the period. Finally, Amundi grew its holdings in shares of Braze by 8.9% during the second quarter. Amundi now owns 32,581 shares of the company’s stock worth $918,000 after buying an additional 2,657 shares during the last quarter. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Braze Price Performance

Braze stock opened at $24.92 on Friday. Braze, Inc. has a 1-year low of $15.26 and a 1-year high of $37.33. The company has a market cap of $2.81 billion, a PE ratio of -22.25 and a beta of 0.85. The stock’s 50 day moving average price is $23.35 and its 200 day moving average price is $21.95.

Braze (NASDAQ:BRZE) last released its quarterly earnings data on Wednesday, May 27th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting 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 firm had revenue of $211.00 million during the quarter, compared to analysts’ expectations of $205.19 million. During the same quarter in the prior year, the business posted $0.07 earnings per share. Braze’s 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. On average, equities research analysts anticipate that Braze, Inc. will post -0.78 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on BRZE. Mizuho reduced their price objective on Braze from $40.00 to $32.00 and set an “outperform” rating for the company in a research note on Thursday, May 28th. TD Cowen reaffirmed a “buy” rating on shares of Braze in a report on Monday, June 15th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $38.00 price objective on shares of Braze in a research report on Thursday, May 28th. JPMorgan Chase & Co. boosted their price objective on shares of Braze from $33.00 to $35.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Braze in a research report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.76.

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.