Braze (NASDAQ:BRZE) Insider Astha Malik Sells 33,656 Shares

Braze, Inc. (NASDAQ:BRZE) insider Astha Malik sold 33,656 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $27.65, for a total value of $930,588.40. Following the completion of the transaction, the insider owned 278,138 shares in the company, valued at approximately $7,690,515.70. This trade represents a 10.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Braze Stock Down 1.9%

Shares of NASDAQ BRZE opened at $27.68 on Thursday. Braze, Inc. has a fifty-two week low of $15.26 and a fifty-two week high of $37.33. The business has a 50 day moving average price of $23.64 and a two-hundred day moving average price of $21.98. The firm has a market cap of $3.12 billion, a PE ratio of -24.71 and a beta of 0.83.

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

Institutional Investors Weigh In On Braze

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp acquired a new position in Braze in the second quarter worth $11,814,000. Handelsbanken Fonder AB increased its stake in Braze by 18.9% during the second quarter. Handelsbanken Fonder AB now owns 28,900 shares of the company’s stock valued at $627,000 after purchasing an additional 4,600 shares during the last quarter. Harbor Investment Advisory LLC acquired a new stake in shares of Braze during the second quarter worth $36,000. Versant Capital Management Inc raised its holdings in shares of Braze by 13.3% during the second quarter. Versant Capital Management Inc now owns 4,692 shares of the company’s stock worth $102,000 after purchasing an additional 552 shares during the period. Finally, Optiver Holding B.V. lifted its position in shares of Braze by 532.2% in the 1st quarter. Optiver Holding B.V. now owns 2,712 shares of the company’s stock worth $64,000 after buying an additional 2,283 shares during the last quarter. 90.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on BRZE. BTIG Research reaffirmed a “buy” rating and issued a $30.00 price target on shares of Braze in a report on Tuesday, May 26th. TD Cowen reissued a “buy” rating on shares of Braze in a report on Monday, June 15th. 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. Weiss Ratings restated a “sell (e+)” rating on shares of Braze in a research note on Tuesday, July 7th. Finally, DA Davidson reaffirmed a “buy” rating and set a $33.00 price target on shares of Braze in a research report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $34.76.

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.