Braze, Inc. $BRZE Stock Sold by JSF Financial LLC

JSF Financial LLC reduced its holdings in Braze, Inc. (NASDAQ:BRZE) by 31.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,558 shares of the company’s stock after selling 12,000 shares during the quarter. JSF Financial LLC’s holdings in Braze were worth $667,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Dimensional Fund Advisors LP bought a new position in shares of Braze during the 1st quarter valued at about $14,294,000. Squarepoint Ops LLC grew its position in shares of Braze by 13.3% in the 2nd quarter. Squarepoint Ops LLC now owns 391,337 shares of the company’s stock valued at $8,488,000 after purchasing an additional 46,049 shares during the period. Quantinno Capital Management LP increased its stake in Braze by 1,057.5% during the 1st quarter. Quantinno Capital Management LP now owns 199,292 shares of the company’s stock worth $4,705,000 after purchasing an additional 182,074 shares in the last quarter. First Trust Advisors LP increased its stake in Braze by 252.9% during the 1st quarter. First Trust Advisors LP now owns 167,498 shares of the company’s stock worth $3,955,000 after purchasing an additional 120,033 shares in the last quarter. Finally, Wellington Management Group LLP bought a new stake in Braze during the 2nd quarter worth approximately $7,847,000. Institutional investors and hedge funds own 90.47% of the company’s stock.

Braze Price Performance

Shares of NASDAQ BRZE opened at $45.86 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.27 and a quick ratio of 1.27. The business has a 50-day moving average of $29.30 and a 200-day moving average of $25.39. The stock has a market capitalization of $5.21 billion, a price-to-earnings ratio of -44.52 and a beta of 0.91. Braze, Inc. has a fifty-two week low of $15.26 and a fifty-two week high of $45.95.

Braze (NASDAQ:BRZE) last released its earnings results on Tuesday, September 8th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.03. Braze had a negative return on equity of 16.11% and a negative net margin of 13.55%. The business had revenue of $227.23 million for the quarter, compared to analyst estimates of $220.27 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. Braze’s revenue was up 26.2% on a year-over-year basis. Braze has set its FY 2027 guidance at 0.640-0.650 EPS and its Q3 2027 guidance at 0.130-0.140 EPS. As a group, sell-side analysts predict that Braze, Inc. will post -0.70 earnings per share for the current fiscal year.

More Braze News

Here are the key news stories impacting Braze this week:

• Positive Sentiment: Salesforce’s proposed acquisition values Braze at approximately $5.66 billion and offers shareholders $47.50 per share, representing roughly a 58% premium to Braze’s pre-announcement price. The transaction gives investors a defined cash exit and supports the stock’s move toward the offer price. Salesforce Fuels AI Engine With $5.66B Braze Buyout
• Positive Sentiment: UBS described the acquisition as a strategic fit at a reasonable price, noting that Braze would add a faster-growing marketing-technology platform to Salesforce’s portfolio and strengthen its real-time data and AI offerings. Salesforce’s Braze deal wins UBS backing
• Positive Sentiment: Trading activity also reflects bullish sentiment: investors purchased a high volume of Braze call options, while a separate analysis argued that the stock could remain undervalued despite its approximately 80% run. Stock Traders Buy High Volume of Braze Call Options
• Neutral Sentiment: DA Davidson lowered its rating from Buy to Hold, and Citigroup cut its rating from Buy to Neutral. However, both firms set price targets of $47.50, leaving limited upside but broadly aligning with Salesforce’s offer.
• Neutral Sentiment: The deal remains subject to shareholder approval and antitrust review, with completion expected in Salesforce’s fiscal 2028. The current price below $47.50 reflects some uncertainty about closing and timing.
• Negative Sentiment: Several law firms are investigating whether the proposed price and sale process adequately protect Braze shareholders. These inquiries do not currently change the offer but could create legal or deal-completion risks. Braze Investor Alert
• Negative Sentiment: CTO Jonathan Hyman sold a combined 295,000 shares under a pre-arranged Rule 10b5-1 plan. Although the sales were scheduled and he retains a substantial stake, the transactions may weigh modestly on sentiment after the recent rally.

Insiders Place Their Bets

In other news, CRO Edward M. Mcdonnell sold 29,732 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $31.38, for a total transaction of $932,990.16. Following the sale, the executive owned 409,630 shares in the company, valued at $12,854,189.40. This represents a 6.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jonathan Hyman sold 285,000 shares of the stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $45.33, for a total value of $12,919,050.00. Following the completion of the sale, the chief technology officer directly owned 848,219 shares of the company’s stock, valued at approximately $38,449,767.27. The trade was a 25.15% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 498,568 shares of company stock valued at $19,315,911 in the last 90 days. 12.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on BRZE. Piper Sandler downgraded shares of Braze from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $30.00 to $47.50 in a report on Tuesday. Raymond James Financial cut shares of Braze from an “outperform” rating to a “market perform” rating in a report on Wednesday. BTIG Research downgraded shares of Braze from a “buy” rating to a “neutral” rating in a research report on Tuesday. Citigroup downgraded shares of Braze from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $48.00 to $47.50 in a research report on Wednesday. Finally, UBS Group lowered shares of Braze from a “buy” rating to a “hold” rating and set a $47.50 price objective on the stock. in a report on Tuesday. Seven equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $43.95.

Braze Company Profile

Braze, Inc is a customer engagement software company that provides a platform for businesses to build, manage and measure personalized interactions with consumers. Its technology is designed to help brands communicate with customers across digital channels, including mobile applications, websites, email, SMS and messaging services.

The Braze platform supports customer data collection and segmentation, campaign creation, journey orchestration, experimentation and engagement analytics. Its capabilities include in-app and web messaging, push notifications, email marketing, content personalization and automated lifecycle campaigns.