Insider Selling: Braze (NASDAQ:BRZE) Insider Sells 14,322 Shares of Stock

Braze, Inc. (NASDAQ:BRZE) insider Astha Malik sold 14,322 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $26.64, for a total value of $381,538.08. Following the completion of the transaction, the insider directly owned 219,338 shares in the company, valued at $5,843,164.32. The trade was a 6.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Astha Malik also recently made the following trade(s):

• On Friday, September 5th, Astha Malik sold 3,270 shares of Braze stock. The stock was sold at an average price of $32.51, for a total value of $106,307.70.

Braze Price Performance

BRZE 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 1,537,394. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of -25.96 and a beta of 1.10. The company has a 50 day moving average price of $28.71 and a 200-day moving average price of $29.25. Braze, Inc. has a one year low of $23.91 and a one year high of $48.33.

Braze (NASDAQ:BRZE) last announced its earnings results on Thursday, September 4th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $171.63 million. During the same period in the previous year, the firm posted $0.09 EPS. The company’s revenue 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, sell-side analysts predict that Braze, Inc. will post -0.98 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BRZE. Wells Fargo & Company began coverage on shares of Braze in a research report on Tuesday, September 30th. They set an “overweight” rating and a $40.00 target price on the stock. Piper Sandler reiterated an “overweight” rating and issued a $50.00 price target on shares of Braze in a research note on Wednesday, October 1st. Cantor Fitzgerald increased their price target on Braze from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. The Goldman Sachs Group set a $52.00 price objective on Braze and gave the stock a “buy” rating in a research note on Saturday, September 6th. Finally, William Blair reaffirmed an “outperform” rating on shares of Braze in a report on Wednesday, October 1st. Nineteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $45.11.

Institutional Trading of Braze

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Braze by 5.3% during the first quarter. Vanguard Group Inc. now owns 8,911,907 shares of the company’s stock worth $321,542,000 after acquiring an additional 447,746 shares in the last quarter. Champlain Investment Partners LLC boosted its stake in shares of Braze by 10.8% in the 3rd quarter. Champlain Investment Partners LLC now owns 2,687,928 shares of the company’s stock valued at $76,445,000 after purchasing an additional 261,351 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Braze by 6.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,455,367 shares of the company’s stock valued at $69,831,000 after purchasing an additional 139,133 shares during the last quarter. Battery Management CORP. increased its position in Braze by 70.2% during the 3rd quarter. Battery Management CORP. now owns 2,425,000 shares of the company’s stock worth $68,967,000 after purchasing an additional 1,000,000 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in Braze by 28.8% during the 2nd quarter. Alliancebernstein L.P. now owns 2,320,171 shares of the company’s stock worth $65,197,000 after purchasing an additional 518,103 shares in the last quarter. 90.47% of the stock is owned by institutional investors and hedge funds.

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.