Braze (NASDAQ:BRZE) Trading Down 6.4% – Here’s Why

Braze, Inc. (NASDAQ:BRZE)’s share price fell 6.4% during mid-day trading on Wednesday . The company traded as low as $27.20 and last traded at $27.28. 1,530,956 shares traded hands during trading, a decline of 13% from the average session volume of 1,750,852 shares. The stock had previously closed at $29.14.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price objective on shares of Braze in a research report on Wednesday. Stifel Nicolaus increased their price objective on shares of Braze from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $38.00 target price on shares of Braze in a research note on Wednesday, December 10th. Mizuho raised their price target on shares of Braze from $45.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday, December 10th. Finally, BTIG Research assumed coverage on Braze in a research note on Tuesday, December 16th. They set a “buy” rating and a $45.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $46.95.

Braze Stock Performance

The firm’s 50 day moving average price is $31.06 and its 200-day moving average price is $29.16. The firm has a market capitalization of $3.06 billion, a PE ratio of -24.76 and a beta of 1.08.

Braze (NASDAQ:BRZE) last announced its quarterly earnings results on Tuesday, December 9th. The company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. The firm had revenue of $190.84 million during the quarter, compared to analyst estimates of $198.25 million. Braze had a negative return on equity of 17.87% and a negative net margin of 16.85%.Braze’s revenue for the quarter was up 25.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.02 EPS. Braze has set its FY 2026 guidance at 0.420-0.430 EPS and its Q4 2026 guidance at 0.130-0.140 EPS. On average, equities research analysts expect that Braze, Inc. will post -0.98 earnings per share for the current fiscal year.

Insider Activity at Braze

In other news, insider Astha Malik sold 14,322 shares of Braze stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $26.64, for a total value of $381,538.08. Following the sale, the insider directly owned 219,338 shares of the company’s stock, valued at $5,843,164.32. The trade was a 6.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Pankaj Malik sold 5,540 shares of the stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $35.76, for a total value of $198,110.40. Following the completion of the transaction, the chief accounting officer directly owned 53,572 shares of the company’s stock, valued at approximately $1,915,734.72. This represents a 9.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 69,923 shares of company stock valued at $1,917,418 in the last three months. Company insiders own 18.20% of the company’s stock.

Institutional Investors Weigh In On Braze

A number of large investors have recently modified their holdings of the business. SBI Securities Co. Ltd. grew its holdings in Braze by 173.3% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,372 shares of the company’s stock valued at $39,000 after buying an additional 870 shares in the last quarter. Osaic Holdings Inc. boosted its position in shares of Braze by 821.1% during the second quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock worth $44,000 after buying an additional 1,404 shares during the period. Quarry LP purchased a new stake in Braze during the 3rd quarter worth approximately $46,000. Clearstead Advisors LLC grew its stake in shares of Braze by 58.2% in the third quarter. Clearstead Advisors LLC now owns 1,685 shares of the company’s stock worth $48,000 after acquiring an additional 620 shares in the last quarter. Finally, Covestor Ltd increased its holdings in Braze by 35.7% during the 3rd quarter. Covestor Ltd now owns 2,894 shares of the company’s stock worth $82,000 after purchasing an additional 761 shares during the period. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Braze Company Profile

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.