SCHEDULE 13G: Cadian Capital Management Discloses 5.1% Passive Stake in Braze, Inc.
Schedule 13G Filing
Cadian Capital Management, LP, along with its general partner and managing member, has reported a passive beneficial ownership of 5.1% in Braze, Inc.'s Class A Common Stock as of March 31, 2025.
Summary
- Cadian Capital Management, LP, Cadian Capital Management GP, LLC, and Eric Bannasch (collectively, the "Reporting Persons") have filed a Schedule 13G.
- The filing discloses beneficial ownership of 4,556,615 shares of Braze, Inc.'s Class A Common Stock.
- This represents approximately 5.1% of the outstanding Class A Common Stock of Braze, Inc.
- The percentage is calculated based on 88,615,173 shares of Class A Common Stock outstanding as of March 20, 2025, as reported in Braze, Inc.'s Form 10-K filed on March 31, 2025.
- The Reporting Persons have shared voting power and shared dispositive power over all 4,556,615 shares.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Braze, Inc.
Sentiment
Score: 5
Explanation: The document is a factual regulatory filing (Schedule 13G) disclosing passive ownership. It contains no subjective language, forward-looking statements, or performance metrics that would indicate a positive or negative sentiment. The sentiment is neutral as it simply reports a required disclosure.
Future Outlook
NA
Industry Context
This filing is a standard disclosure of a significant passive investment by an institutional investor in a publicly traded company. It does not provide specific insights into broader industry trends or competitive dynamics, but rather reflects an investment decision by Cadian Capital Management in the software sector, where Braze operates.
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional holder (Cadian Capital Management) may be viewed positively by some investors as a vote of confidence, while others may note the passive nature of the investment, indicating no immediate intent to influence management or strategy.
Key Dates
| Date | Description |
|---|---|
| 2025-03-20 | Date as of which Braze, Inc. reported 88,615,173 shares of Class A Common Stock outstanding in its Form 10-K. |
| 2025-03-31 | Date of event which required the filing of this statement (ownership threshold crossed) and date Braze, Inc. filed its Form 10-K. |
| 2025-05-15 | Date of signing and filing of the Schedule 13G. |
Keywords
Braze Inc., Cadian Capital Management, Schedule 13G, Beneficial Ownership, Class A Common Stock, Passive Investment, Institutional Ownership, SEC Filing
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