Schonfeld Strategic Advisors Adds $11M in Braze, Inc. ($BRZE)

Schonfeld Strategic Advisors has significantly increased its stake in Braze, Inc. (NasdaqGS: BRZE), according to a recent 13F filing with the SEC. The fund boosted its holdings by 514,766 shares, a 177% increase, bringing its total to 804,879 shares valued at approximately $17.4 million as of the reporting period.

What Changed in Schonfeld Strategic Advisors' Braze, Inc. Position

Schonfeld Strategic Advisors' recent filing shows a substantial boost in its position in Braze, Inc., adding 514,766 shares to its previous holding of 290,113 shares. This change represents a 177% increase, bringing the total to 804,879 shares with a reported value of $17.4 million.

Other Institutional Activity in Braze, Inc.

Other major funds have also been active in Braze, Inc. BlackRock, Inc. increased its holdings by 692,199 shares, ending with 7,864,578 shares valued at $185.7 million. Vanguard Portfolio Management LLC added 5,455,409 shares, reaching a total of 5,455,409 shares worth about $128.8 million. FMR LLC grew its position by 4,695,577 shares, totaling 4,702,205 shares valued at $111 million. Battery Management Corp. added 1,363,425 shares, bringing its holdings to 4,628,289 shares worth $109.3 million. Millennium Management LLC increased its stake by 372,359 shares, resulting in 4,384,389 shares valued at $103.5 million.

Braze, Inc. Stock Snapshot

Shares of Braze, Inc. (NasdaqGS: BRZE) traded near $21.66. The company has a market cap of about $2.44 billion, with a forward P/E ratio of 22.2 and a beta of 0.824. The stock's 52-week range is between $15.26 and $37.33, with a 50-day moving average of $22.65 and a 200-day moving average of $25.50. Braze maintains a current ratio of 1.238 and a quick ratio of 1.156, with a debt-to-equity ratio of 13.968.

Recent Earnings

Braze, Inc. reported revenue of $787.1 million with a growth rate of 30.2%. Despite this, the company posted a net margin of -15.5% and a return on equity of -22.8%, indicating ongoing challenges in profitability. The next earnings report is expected on September 3, 2026.

Insider Buying and Selling at Braze, Inc.

Recent insider activity at Braze, Inc. includes sales by several executives on May 15, 2026. CEO William Magnuson sold 70,837 shares at an average price of $20.87. CFO Isabelle Winkles sold 33,309 shares, and CTO Jonathan Hyman sold 21,402 shares, both at the same price. Additionally, General Counsel Susan Wiseman sold 10,951 shares. On May 29, 2026, General Counsel & Corp. Sec. Christopher Lal bought 230,184 shares.

Analysts Set New Price Targets

On May 29, 2026, Citigroup maintained its buy rating for Braze, Inc., setting a price target of $48. Canaccord Genuity and Mizuho also maintained buy ratings with targets of $35 and $32, respectively, on May 28. The consensus among analysts remains positive, with a mean target price of $34.40 based on 20 opinions.

About Braze, Inc.

Braze, Inc., headquartered in New York, operates a customer engagement platform for brands worldwide. The company offers a variety of tools, including software development kits, APIs, and data integration services, to enhance consumer interactions. Led by CEO William Magnuson, Braze employs nearly 2,000 people and is part of the technology sector, focusing on application software.

Bottom Line

Schonfeld Strategic Advisors' increased stake in Braze, Inc. reflects a strong interest in the company's potential. Investors and analysts continue to watch Braze closely, especially with its upcoming earnings report. As always, 13F filings provide a backward-looking view and may not represent current positions.