Braze (NASDAQ:BRZE) Insider Sells $464,958.68 in Stock

Braze, Inc. (NASDAQ:BRZE) insider Astha Malik sold 15,724 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $29.57, for a total transaction of $464,958.68. Following the completion of the sale, the insider owned 326,233 shares of the company’s stock, valued at $9,646,709.81. This trade represents a 4.60% 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.

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

• On Monday, August 10th, Astha Malik sold 33,656 shares of Braze stock. The shares were sold at an average price of $27.65, for a total transaction of $930,588.40.

Braze Trading Up 1.1%

Shares of Braze stock traded up $0.35 on Friday, reaching $31.06. 3,314,998 shares of the stock were exchanged, compared to its average volume of 2,944,995. The firm has a market capitalization of $3.50 billion, a PE ratio of -27.73 and a beta of 0.83. Braze, Inc. has a 1-year low of $15.26 and a 1-year high of $37.33. The business has a fifty day moving average price of $24.49 and a two-hundred day moving average price of $22.24.

Braze (NASDAQ:BRZE) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.10 EPS for the quarter, meeting analysts’ consensus estimates of $0.10. Braze had a negative net margin of 15.51% and a negative return on equity of 17.52%. The firm had revenue of $211.00 million during the quarter, compared to the consensus estimate of $205.19 million. During the same quarter last year, the firm earned $0.07 earnings per share. The firm’s revenue was up 30.2% compared to the same quarter last year. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. Research analysts expect that Braze, Inc. will post -0.78 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on BRZE shares. Mizuho reduced their price target on Braze from $40.00 to $32.00 and set an “outperform” rating for the company in a report on Thursday, May 28th. TD Cowen reiterated a “buy” rating on shares of Braze in a research report on Monday, June 15th. Cantor Fitzgerald reissued an “overweight” rating and issued a $38.00 target price on shares of Braze in a report on Thursday, May 28th. JPMorgan Chase & Co. boosted their target price on shares of Braze from $33.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. Finally, DA Davidson reiterated a “buy” rating and issued a $33.00 price target on shares of Braze in a report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently 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 made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Braze by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,224 shares of the company’s stock valued at $1,415,000 after acquiring an additional 1,700 shares during the last quarter. Intech Investment Management LLC grew its position in shares of Braze by 18.8% in the first quarter. Intech Investment Management LLC now owns 40,281 shares of the company’s stock valued at $1,453,000 after purchasing an additional 6,379 shares during the last quarter. Prudential Financial Inc. purchased a new position in shares of Braze during the 2nd quarter worth approximately $272,000. Russell Investments Group Ltd. raised its position in shares of Braze by 1,353.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 9,619 shares of the company’s stock worth $270,000 after purchasing an additional 8,957 shares during the last quarter. Finally, Amundi lifted its stake in Braze by 8.9% in the 2nd quarter. Amundi now owns 32,581 shares of the company’s stock valued at $918,000 after buying an additional 2,657 shares in the last quarter. Hedge funds and other institutional investors own 90.47% of the company’s stock.

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.