Stock Traders Purchase Large Volume of Put Options on Braze (NASDAQ:BRZE)

Braze, Inc. (NASDAQ:BRZE) saw unusually large options trading activity on Thursday. Investors acquired 5,672 put options on the company. This is an increase of 180% compared to the average daily volume of 2,029 put options.

Analysts Set New Price Targets

BRZE has been the topic of a number of recent research reports. UBS Group increased their price objective on Braze from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday. Citizens Jmp restated a “market outperform” rating and set a $35.00 target price on shares of Braze in a research report on Wednesday. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Braze in a research note on Wednesday. BTIG Research reiterated a “buy” rating and issued a $35.00 price target on shares of Braze in a report on Wednesday. Finally, DA Davidson reiterated a “buy” rating and issued a $40.00 price objective on shares of Braze in a research report on Wednesday. Twenty investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $38.21.

Insiders Place Their Bets

In related news, insider Astha Malik sold 33,656 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $27.65, for a total value 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jonathan Hyman sold 42,000 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $32.47, for a total transaction of $1,363,740.00. Following the completion of the transaction, the chief technology officer owned 1,143,219 shares of the company’s stock, valued at $37,120,320.93. This trade represents a 3.54% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 203,568 shares of company stock valued at $6,096,461. Insiders own 12.50% of the company’s stock.

Institutional Trading of Braze

A number of hedge funds have recently modified their holdings of BRZE. Fifth Third Bancorp acquired a new position in Braze during the first quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd raised its holdings in Braze by 3,650.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company’s stock worth $28,000 after purchasing an additional 803 shares during the period. Harbor Investment Advisory LLC acquired a new stake in Braze in the second quarter worth $36,000. 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 purchasing an additional 1,404 shares in the last quarter. Finally, Quarry LP bought a new position in shares of Braze during the third quarter worth $46,000. 90.47% of the stock is currently owned by institutional investors and hedge funds.

Braze Stock Up 2.2%

BRZE stock opened at $24.26 on Friday. Braze has a twelve month low of $15.26 and a twelve month high of $37.33. The company has a market cap of $2.73 billion, a P/E ratio of -23.55 and a beta of 0.88. The business’s fifty day moving average is $27.59 and its 200-day moving average is $23.63.

Braze (NASDAQ:BRZE) last released its quarterly earnings data on Tuesday, September 8th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. Braze had a negative return on equity of 16.09% and a negative net margin of 13.55%.The business had revenue of $227.23 million during the quarter, compared to the consensus estimate of $220.27 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The firm’s revenue was up 26.2% on a year-over-year basis. Braze has set its FY 2027 guidance at 0.640-0.650 EPS and its Q3 2027 guidance at 0.130-0.140 EPS. Research analysts anticipate that Braze will post -0.78 earnings per share for the current fiscal year.

Key Stories Impacting Braze

Here are the key news stories impacting Braze this week:

• Positive Sentiment: Braze reported second-quarter revenue of $227.23 million, above the $220.27 million consensus estimate, while adjusted earnings of $0.19 per share exceeded expectations by $0.03. Revenue increased 26.2% year over year. Braze, Inc. Q2 Earnings Summary
• Positive Sentiment: The company raised its fiscal 2027 revenue outlook to approximately $910 million-$913 million, representing roughly 23%-24% growth, and cited continued AI product adoption and expansion among larger enterprise customers as growth drivers. Braze: Growth At A Very Reasonable Price, Especially Amid Guidance Boost
• Positive Sentiment: Several analysts remain constructive after the selloff. D.A. Davidson reaffirmed a Buy rating with a $40 price target, while TD Cowen maintained its Buy rating. Stephens, Piper Sandler, BTIG Research, and Citizens JMP also reiterated positive ratings or raised their targets, generally citing Braze’s growth, valuation, and long-term opportunity. Braze Receives a Buy from D.A. Davidson
• Neutral Sentiment: Braze presented at Citi’s 2026 Global TMT Conference, giving investors additional commentary on its strategy and operating outlook, although no major new financial catalyst was identified in the available report. Braze Presents at Citi’s 2026 Global TMT Conference
• Negative Sentiment: Third-quarter adjusted EPS guidance of $0.13-$0.14 was viewed as too soft, prompting investors to question near-term profitability and causing the stock to fall despite the earnings beat and raised annual outlook. Why Braze’s Guidance Miss May Be a Gift for Investors
• Negative Sentiment: Unusual options activity included 5,672 put contracts, approximately 180% above average put volume, signaling elevated near-term hedging or bearish speculation. The reported short-interest figure of zero shares appears unreliable and provides no meaningful sentiment signal.

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.