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

Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman sold 4,456 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $27.57, for a total value of $122,851.92. Following the completion of the transaction, the general counsel owned 219,794 shares in the company, valued at approximately $6,059,720.58. The trade was a 1.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 stock was sold at an average price of $26.64, for a total value of $145,827.36.

Braze Price Performance

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

Braze (NASDAQ:BRZE) last announced its quarterly earnings results on Thursday, September 4th. The company reported ($0.22) 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 for the quarter, compared to the consensus estimate of $171.63 million. During the same quarter last year, the firm posted $0.09 EPS. The business’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. Sell-side analysts anticipate that Braze, Inc. will post -0.98 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Braze in a research report on Wednesday, October 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 target price on shares of Braze in a research report on Wednesday, October 22nd. JMP Securities reissued a “market outperform” rating and issued a $68.00 price target on shares of Braze in a research report on Friday, September 5th. Mizuho lifted their price objective on shares of Braze from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, September 5th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $50.00 target price on shares of Braze in a research note on Wednesday, October 1st. Nineteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Braze currently has a consensus rating of “Moderate Buy” and an average target price of $45.11.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. increased its position in shares of 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 purchasing an additional 3,142 shares during the last quarter. Cerity Partners LLC grew its stake in shares of Braze by 44.0% during the 1st quarter. Cerity Partners LLC now owns 7,540 shares of the company’s stock worth $272,000 after acquiring an additional 2,303 shares during the period. CWM LLC raised its stake in Braze by 237.9% in the 1st quarter. CWM LLC now owns 5,477 shares of the company’s stock valued at $198,000 after acquiring an additional 3,856 shares during the period. Victory Capital Management Inc. raised its stake in Braze by 37.1% in the 1st quarter. Victory Capital Management Inc. now owns 343,920 shares of the company’s stock valued at $12,409,000 after acquiring an additional 93,008 shares during the period. Finally, IFP Advisors Inc lifted its stake in shares of Braze by 15.3% during the 1st quarter. IFP Advisors Inc now owns 3,386 shares of the company’s stock valued at $122,000 after buying an additional 449 shares in the last quarter. Hedge funds and other 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.