Insider Selling: Braze (NASDAQ:BRZE) CAO Sells $60,803.36 in Stock

Braze, Inc. (NASDAQ:BRZE) CAO Pankaj Malik sold 2,344 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $25.94, for a total transaction of $60,803.36. Following the sale, the chief accounting officer owned 66,930 shares in the company, valued at approximately $1,736,164.20. The trade was a 3.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Braze Stock Up 5.4%

Shares of NASDAQ BRZE opened at $26.90 on Friday. The firm has a market cap of $2.84 billion, a P/E ratio of -26.63 and a beta of 1.10. Braze, Inc. has a twelve month low of $23.91 and a twelve month high of $48.33. The company has a 50 day moving average of $27.17 and a 200 day moving average of $32.04.

Braze (NASDAQ:BRZE) last posted its earnings results on Thursday, June 5th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. Braze had a negative return on equity of 18.89% and a negative net margin of 16.76%.The business had revenue of $162.06 million during the quarter, compared to analyst estimates of $158.60 million. During the same quarter last year, the company earned ($0.05) EPS. The company’s quarterly revenue was up 19.6% compared to the same quarter last year. Braze has set its FY 2026 guidance at 0.150-0.180 EPS. Q2 2026 guidance at 0.020-0.030 EPS. As a group, equities analysts expect that Braze, Inc. will post -0.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Mizuho started coverage on Braze in a report on Thursday, July 24th. They issued an “outperform” rating and a $40.00 price objective for the company. Barclays reduced their price target on shares of Braze from $43.00 to $35.00 and set an “overweight” rating for the company in a research note on Monday, August 18th. Cantor Fitzgerald began coverage on shares of Braze in a report on Tuesday, June 3rd. They set an “overweight” rating and a $45.00 price objective for the company. Macquarie lowered their price objective on shares of Braze from $40.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, June 6th. Finally, Raymond James Financial cut their target price on shares of Braze from $48.00 to $43.00 and set an “outperform” rating for the company in a research report on Friday, June 6th. Twenty analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $44.90.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BRZE. Vanguard Group Inc. lifted its position in shares of Braze by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 8,911,907 shares of the company’s stock valued at $321,542,000 after buying an additional 447,746 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Braze by 2.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,693,357 shares of the company’s stock worth $112,798,000 after acquiring an additional 63,000 shares during the period. Alliancebernstein L.P. lifted its holdings in Braze by 28.8% during the second quarter. Alliancebernstein L.P. now owns 2,320,171 shares of the company’s stock valued at $65,197,000 after purchasing an additional 518,103 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Braze by 2.8% during the second quarter. JPMorgan Chase & Co. now owns 2,316,234 shares of the company’s stock valued at $65,086,000 after purchasing an additional 64,025 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Braze by 121.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,197,407 shares of the company’s stock worth $92,028,000 after purchasing an additional 1,203,149 shares during the period. 90.47% of the stock is currently owned by institutional investors.

Braze Company Profile

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.