Braze (BRZE) showed 30% revenue growth and is a candidate for our Portfolio

RiverPark Advisors, an investment advisory firm and sponsor of the RiverPark family of mutual funds, in collaboration with Next Century Growth Investors, LLC, has published an investor letter, “The RiverPark/Next Century Growth Fund.” The fund returned 4.75% in the fourth quarter, compared with the 12.75% return on the Russell 2000 Growth Total Return Index. The recent market rally underscores the importance of macroeconomic indicators and the Fed's stance on interest rates. 

The RiverPark/Next Century Growth Fund featured stocks such as Braze, Inc. (NASDAQ: BRZE) in a letter to investors. Braze, Inc. (NASDAQ:BRZE), based in New York, New York, provides a customer engagement platform. April 5, 2024 Braze, Inc. shares (NASDAQ:BRZE) closed at $42.35 per share. Braze, Inc. Monthly Returns (NASDAQ:BRZE) was -20.12% and its stock has gained 23.29% of its value over the past 52 weeks. Market capitalization of Braze, Inc. (NASDAQ:BRZE) is $4.228 billion.

RiverPark/Next Century Growth Fund stated the following regarding Braze, Inc. (NASDAQ:BRZE) in its letter to investors:

"Braze, Inc. (NASDAQ:BRZE) is a leading next-generation customer engagement platform that enables brands to deliver cross-channel marketing campaigns to end customers in real time. BRZE currently serves approximately 2,000 customers across a variety of industries, including retail/e-commerce, media and entertainment, financial services, travel and hospitality, quick service restaurants, and social media/messaging/gaming. With a next-generation platform that meets today's enterprise needs, Braze is disrupting the market and gaining share from legacy competitors, as demonstrated by recent revenue growth of 30% with gross margins exceeding 70%.”

Braze (BRZE) Shareholders