William Magnuson Sells 26,413 Shares of Braze (NASDAQ:BRZE) Stock

Braze, Inc. (NASDAQ:BRZE) CEO William Magnuson sold 26,413 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $16.93, for a total value of $447,172.09. Following the completion of the transaction, the chief executive officer directly owned 4,491,098 shares in the company, valued at $76,034,289.14. This represents a 0.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Braze Stock Up 0.7%

Shares of Braze stock traded up $0.12 on Friday, reaching $17.16. 3,387,140 shares of the stock were exchanged, compared to its average volume of 3,179,416. The business has a 50 day moving average price of $26.75 and a two-hundred day moving average price of $27.79. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of -15.60 and a beta of 1.07. Braze, Inc. has a twelve month low of $16.25 and a twelve month high of $43.89.

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. The Goldman Sachs Group reduced their price objective on Braze from $55.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, January 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 target price on shares of Braze in a report on Wednesday, January 14th. Mizuho lifted their price target on Braze from $45.00 to $50.00 and gave the company an “outperform” rating in a research report on Wednesday, December 10th. Oppenheimer restated an “outperform” rating and issued a $40.00 price objective on shares of Braze in a research report on Wednesday, December 10th. Finally, Piper Sandler dropped their price objective on shares of Braze from $50.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $44.30.

Institutional Investors Weigh In On Braze

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Braze by 10.0% during the fourth quarter. Vanguard Group Inc. now owns 9,851,050 shares of the company’s stock worth $337,793,000 after acquiring an additional 892,635 shares during the last quarter. Champlain Investment Partners LLC boosted its holdings in shares of Braze by 10.8% during the 3rd quarter. Champlain Investment Partners LLC now owns 2,687,928 shares of the company’s stock worth $76,445,000 after purchasing an additional 261,351 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Braze by 6.0% in the third quarter. JPMorgan Chase & Co. now owns 2,455,367 shares of the company’s stock valued at $69,831,000 after purchasing an additional 139,133 shares during the last quarter. Battery Management CORP. lifted its position in Braze by 70.2% during the third quarter. Battery Management CORP. now owns 2,425,000 shares of the company’s stock worth $68,967,000 after buying an additional 1,000,000 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in Braze by 28.8% during the second quarter. Alliancebernstein L.P. now owns 2,320,171 shares of the company’s stock worth $65,197,000 after buying an additional 518,103 shares during the last quarter. Institutional investors and hedge funds 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.