Insider Selling: Braze (NASDAQ:BRZE) Insider Sells $930,588.40 in Stock

Braze, Inc. (NASDAQ:BRZE) insider Astha Malik sold 33,656 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $27.65, for a total transaction of $930,588.40. Following the completion of the sale, the insider owned 278,138 shares of the company’s stock, valued at $7,690,515.70. This trade represents a 10.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Braze Stock Down 3.1%

Shares of NASDAQ:BRZE opened at $28.93 on Friday. Braze, Inc. has a fifty-two week low of $15.26 and a fifty-two week high of $37.33. The firm’s 50-day simple moving average is $23.89 and its 200-day simple moving average is $22.06. The company has a market cap of $3.26 billion, a price-to-earnings ratio of -25.83 and a beta of 0.83.

Braze (NASDAQ:BRZE) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. The firm had revenue of $211.00 million during the quarter, compared to analysts’ expectations of $205.19 million. Braze had a negative net margin of 15.51% and a negative return on equity of 17.52%. The firm’s revenue for the quarter was up 30.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.07 earnings per share. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. On average, research analysts forecast that Braze, Inc. will post -0.78 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on BRZE shares. Canaccord Genuity Group reduced their price target on Braze from $40.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, May 28th. The Goldman Sachs Group set a $34.00 price target on Braze and gave the company a “buy” rating in a research note on Wednesday, June 24th. Stifel Nicolaus set a $30.00 price objective on Braze in a report on Thursday, May 28th. Piper Sandler reiterated an “overweight” rating and issued a $27.00 price objective on shares of Braze in a research report on Thursday, May 28th. Finally, BTIG Research raised their target price on Braze from $30.00 to $35.00 and gave the company a “buy” rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Braze presently has an average rating of “Moderate Buy” and a consensus price target of $35.06.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BRZE. Bank of New York Mellon Corp acquired a new stake in shares of Braze during the 2nd quarter valued at approximately $11,814,000. Handelsbanken Fonder AB grew its holdings in shares of Braze by 18.9% in the 2nd quarter. Handelsbanken Fonder AB now owns 28,900 shares of the company’s stock worth $627,000 after acquiring an additional 4,600 shares during the period. Harbor Investment Advisory LLC acquired a new stake in shares of Braze in the 2nd quarter worth approximately $36,000. Versant Capital Management Inc increased its stake in Braze by 13.3% in the 2nd quarter. Versant Capital Management Inc now owns 4,692 shares of the company’s stock valued at $102,000 after purchasing an additional 552 shares in the last quarter. Finally, Optiver Holding B.V. increased its stake in Braze by 532.2% in the 1st quarter. Optiver Holding B.V. now owns 2,712 shares of the company’s stock valued at $64,000 after purchasing an additional 2,283 shares in the last quarter. 90.47% of the stock is owned by hedge funds and other institutional investors.

About Braze

Braze, Inc is a publicly traded software company (NASDAQ: BRZE) that offers a customer engagement platform designed to help brands build personalized relationships with their users. Founded in 2011 as Appboy by Bill Magnuson, Jon Hyman and Mark Ghermezian, the company adopted the Braze name in 2017 to underscore its focus on fostering strong connections between businesses and consumers. Its cloud-based platform consolidates messaging channels including push notifications, in-app messages, email and SMS, enabling companies to deliver timely, context-driven communications at scale.

The core functionality of Braze’s platform centers on data-driven segmentation, customer journey orchestration and real-time analytics.