Insider Selling: Braze (NASDAQ:BRZE) Insider Sells 14,049 Shares of Stock

Braze, Inc. (NASDAQ:BRZE) insider Astha Malik sold 14,049 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $16.93, for a total value of $237,849.57. Following the transaction, the insider owned 205,289 shares in the company, valued at approximately $3,475,542.77. This trade represents a 6.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Braze Stock Performance

Shares of Braze stock traded up $0.12 on Friday, reaching $17.16. The stock had a trading volume of 3,387,140 shares, compared to its average volume of 3,179,416. The business’s 50-day moving average price is $26.75 and its two-hundred day moving average price is $27.79. The stock has a market cap of $1.93 billion, a P/E ratio of -15.60 and a beta of 1.07. Braze, Inc. has a fifty-two week low of $16.25 and a fifty-two week high of $43.89.

Braze (NASDAQ:BRZE) last announced its earnings results on Tuesday, December 9th. The company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. The firm had revenue of $190.84 million for the quarter, compared to the consensus estimate of $198.25 million. Braze had a negative net margin of 16.85% and a negative return on equity of 17.87%. The business’s quarterly revenue was up 25.5% on a year-over-year basis. During the same quarter last year, the firm posted $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. As a group, equities analysts forecast that Braze, Inc. will post -0.98 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Braze

Hedge funds and other institutional investors have recently made changes to their positions in the business. Alyeska Investment Group L.P. boosted its position in shares of Braze by 592.4% during the 4th quarter. Alyeska Investment Group L.P. now owns 2,105,024 shares of the company’s stock valued at $72,181,000 after acquiring an additional 1,801,019 shares in the last quarter. Barclays PLC lifted its stake in Braze by 443.0% during the third quarter. Barclays PLC now owns 1,404,395 shares of the company’s stock worth $39,941,000 after purchasing an additional 1,145,748 shares during the period. UBS Group AG boosted its holdings in Braze by 421.1% during the third quarter. UBS Group AG now owns 1,279,678 shares of the company’s stock valued at $36,394,000 after purchasing an additional 1,034,087 shares in the last quarter. Battery Management CORP. boosted its holdings in Braze by 70.2% during the third quarter. Battery Management CORP. now owns 2,425,000 shares of the company’s stock valued at $68,967,000 after purchasing an additional 1,000,000 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Braze by 238.2% in the 3rd quarter. Bank of America Corp DE now owns 1,351,227 shares of the company’s stock valued at $38,429,000 after purchasing an additional 951,674 shares during the period. 90.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Stifel Nicolaus set a $40.00 target price on Braze in a report on Monday, February 9th. Wells Fargo & Company boosted their target price on shares of Braze from $40.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Braze in a research note on Monday, December 29th. Wolfe Research upgraded shares of Braze to an “overweight” rating in a report on Wednesday, December 10th. Finally, Mizuho upped their price objective on shares of Braze from $45.00 to $50.00 and gave the company an “outperform” rating in a research report on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.30.

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.