Fidelity’s parent company, FMR LLC, increased its ownership stake in Braze to 12.4%. The asset manager now holds 13.98 million shares according to a June 5, 2026, Schedule 13G filing.
The investment follows Braze’s fiscal first quarter 2027 earnings report. The company reported a 30.2% year-over-year revenue increase and raised its full-year guidance.
Fidelity expanded its position despite recent stock price volatility. The move signals institutional confidence in the customer engagement platform.