Insider Selling: Braze (NASDAQ:BRZE) CEO Sells 26,698 Shares of Stock

Braze, Inc. (NASDAQ:BRZE) CEO William Magnuson sold 26,698 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $26.64, for a total value of $711,234.72. Following the transaction, the chief executive officer directly owned 694,746 shares of the company’s stock, valued at approximately $18,508,033.44. This represents a 3.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Braze Trading Down 0.8%

Shares of NASDAQ BRZE traded down $0.22 during midday trading on Thursday, reaching $27.00. 1,138,619 shares of the company were exchanged, compared to its average volume of 1,537,394. The stock has a market cap of $3.00 billion, a P/E ratio of -25.96 and a beta of 1.10. The stock has a fifty day simple moving average of $28.71 and a 200 day simple moving average of $29.25. Braze, Inc. has a 1 year low of $23.91 and a 1 year high of $48.33.

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

Analyst Upgrades and Downgrades

BRZE has been the subject of several research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Braze in a research note on Wednesday, October 8th. DA Davidson reiterated a “buy” rating and set a $40.00 price objective on shares of Braze in a research report on Friday, September 5th. William Blair reissued an “outperform” rating on shares of Braze in a research note on Wednesday, October 1st. Barclays increased their price target on Braze from $35.00 to $39.00 and gave the company an “overweight” rating in a research report on Friday, September 5th. Finally, UBS Group cut their price objective on Braze from $48.00 to $43.00 and set a “buy” rating on the stock in a report on Friday, September 5th. Nineteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Braze currently has an average rating of “Moderate Buy” and a consensus target price of $45.11.

Institutional Investors Weigh In On Braze

Institutional investors have recently added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. bought a new stake in shares of Braze in the 3rd quarter worth about $9,149,000. Caxton Associates LLP bought a new stake in Braze during the third quarter worth about $231,000. PharVision Advisers LLC acquired a new stake in shares of Braze during the third quarter worth approximately $252,000. Alyeska Investment Group L.P. raised its stake in shares of Braze by 182.7% in the third quarter. Alyeska Investment Group L.P. now owns 304,005 shares of the company’s stock valued at $8,646,000 after acquiring an additional 196,485 shares during the last quarter. Finally, Voleon Capital Management LP bought a new position in shares of Braze in the third quarter valued at approximately $1,251,000. 90.47% of the stock is owned by institutional investors and hedge funds.

About Braze

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.