AlphaQuest LLC Grows Stock Position in Braze, Inc. $BRZE

AlphaQuest LLC grew its position in Braze, Inc. (NASDAQ:BRZE) by 250.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,899 shares of the company’s stock after acquiring an additional 12,794 shares during the quarter. AlphaQuest LLC’s holdings in Braze were worth $503,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its position in Braze by 236.1% during the first quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock worth $27,000 after buying an additional 517 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in Braze by 65.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 8,347 shares of the company’s stock worth $301,000 after buying an additional 3,304 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in Braze during the first quarter worth approximately $388,000. Bank of New York Mellon Corp lifted its position in Braze by 7.6% during the first quarter. Bank of New York Mellon Corp now owns 368,383 shares of the company’s stock worth $13,291,000 after buying an additional 25,870 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Braze by 3.8% during the first quarter. Envestnet Asset Management Inc. now owns 86,257 shares of the company’s stock worth $3,112,000 after buying an additional 3,142 shares in the last quarter. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Pankaj Malik sold 4,174 shares of Braze stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $32.77, for a total value of $136,781.98. Following the completion of the sale, the chief accounting officer directly owned 62,756 shares of the company’s stock, valued at approximately $2,056,514.12. The trade was a 6.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Astha Malik sold 3,270 shares of Braze stock in a transaction on Friday, September 5th. The shares were sold at an average price of $32.51, for a total value of $106,307.70. Following the completion of the sale, the insider directly owned 233,660 shares of the company’s stock, valued at $7,596,286.60. The trade was a 1.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 66,011 shares of company stock valued at $1,758,363. Insiders own 18.20% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price objective on shares of Braze in a research report on Wednesday, October 22nd. The Goldman Sachs Group set a $52.00 price objective on Braze and gave the stock a “buy” rating in a research report on Saturday, September 6th. Cantor Fitzgerald lifted their price objective on Braze from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. DA Davidson reiterated a “buy” rating and set a $40.00 price objective on shares of Braze in a research report on Friday, September 5th. Finally, Piper Sandler reissued an “overweight” rating and set a $50.00 target price on shares of Braze in a research note on Wednesday, October 1st. Nineteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Braze has an average rating of “Moderate Buy” and an average target price of $45.11.

Braze Trading Down 0.2%

Shares of NASDAQ BRZE opened at $27.95 on Wednesday. Braze, Inc. has a twelve month low of $23.91 and a twelve month high of $48.33. The stock has a fifty day simple moving average of $28.70 and a 200-day simple moving average of $29.46. The stock has a market capitalization of $3.11 billion, a PE ratio of -26.87 and a beta of 1.10.

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

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.