Braze (NASDAQ:BRZE) General Counsel Susan Wiseman Sells 4,456 Shares of Stock

Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman sold 4,456 shares of the stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $27.57, for a total value of $122,851.92. Following the sale, the general counsel directly owned 219,794 shares in the company, valued at $6,059,720.58. This trade represents a 1.99% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Susan Wiseman also recently made the following trade(s):

• On Tuesday, November 18th, Susan Wiseman sold 5,474 shares of Braze stock. The shares were sold at an average price of $26.64, for a total value of $145,827.36.

Braze Trading Down 0.8%

Shares of Braze stock traded down $0.22 during trading on Thursday, hitting $27.00. The stock had a trading volume of 1,138,619 shares, compared to its average volume of 1,298,439. The business’s 50-day moving average is $28.71 and its 200 day moving average is $29.25. Braze, Inc. has a 12 month low of $23.91 and a 12 month high of $48.33.

Braze (NASDAQ:BRZE) last issued its quarterly earnings data on Thursday, September 4th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.25). The business had revenue of $180.11 million for the quarter, compared to analysts’ expectations of $171.63 million. Braze had a negative return on equity of 17.97% and a negative net margin of 16.62%.The firm’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 EPS. Braze has set its FY 2026 guidance at 0.410-0.420 EPS. Q3 2026 guidance at 0.060-0.070 EPS. Equities research analysts forecast that Braze, Inc. will post -0.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on BRZE. JMP Securities restated a “market outperform” rating and set a $68.00 price objective on shares of Braze in a research report on Friday, September 5th. The Goldman Sachs Group set a $52.00 target price on Braze and gave the company a “buy” rating in a research note on Saturday, September 6th. Mizuho lifted their price target on Braze from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Friday, September 5th. Wells Fargo & Company assumed coverage on Braze in a report on Tuesday, September 30th. They issued an “overweight” rating and a $40.00 price objective for the company. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $43.00 price objective on shares of Braze in a report on Friday, September 5th. Nineteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $45.11.

Institutional Investors Weigh In On Braze

A number of hedge funds and other institutional investors have recently modified their holdings of BRZE. Envestnet Asset Management Inc. boosted its holdings in Braze by 3.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 86,257 shares of the company’s stock valued at $3,112,000 after acquiring an additional 3,142 shares during the period. Cerity Partners LLC increased its stake in Braze by 44.0% in the 1st quarter. Cerity Partners LLC now owns 7,540 shares of the company’s stock worth $272,000 after purchasing an additional 2,303 shares during the period. CWM LLC increased its stake in Braze by 237.9% in the 1st quarter. CWM LLC now owns 5,477 shares of the company’s stock worth $198,000 after purchasing an additional 3,856 shares during the period. Victory Capital Management Inc. lifted its position in Braze by 37.1% in the first quarter. Victory Capital Management Inc. now owns 343,920 shares of the company’s stock valued at $12,409,000 after purchasing an additional 93,008 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in Braze by 15.3% in the first quarter. IFP Advisors Inc now owns 3,386 shares of the company’s stock valued at $122,000 after purchasing an additional 449 shares during the last quarter. Institutional investors own 90.47% of the company’s stock.

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.