Insider Selling: Braze (NASDAQ:BRZE) Insider Sells $930,588.40 in Stock

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

Braze Trading Down 1.9%

Shares of Braze stock traded down $0.54 during trading on Wednesday, reaching $27.68. The company’s stock had a trading volume of 1,376,941 shares, compared to its average volume of 2,953,035. The stock has a market capitalization of $3.12 billion, a P/E ratio of -24.71 and a beta of 0.83. Braze, Inc. has a one year low of $15.26 and a one year high of $37.33. The stock has a 50-day moving average price of $23.55 and a two-hundred day moving average price of $21.97.

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

Institutional Trading of Braze

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Braze by 10.0% during the 4th quarter. Vanguard Group Inc. now owns 9,851,050 shares of the company’s stock valued at $337,793,000 after acquiring an additional 892,635 shares during the last quarter. Battery Management CORP. boosted its position in shares of Braze by 70.2% in the 3rd quarter. Battery Management CORP. now owns 2,425,000 shares of the company’s stock worth $68,967,000 after purchasing an additional 1,000,000 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of 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 purchasing an additional 518,103 shares during the period. Westfield Capital Management Co. LP increased its holdings in Braze by 0.4% in the fourth quarter. Westfield Capital Management Co. LP now owns 2,187,275 shares of the company’s stock valued at $75,002,000 after purchasing an additional 9,322 shares during the last quarter. Finally, Alyeska Investment Group L.P. lifted its stake in Braze by 592.4% in the fourth quarter. Alyeska Investment Group L.P. now owns 2,105,024 shares of the company’s stock valued at $72,181,000 after buying an additional 1,801,019 shares during the period. Institutional investors and hedge funds own 90.47% of the company’s stock.

Wall Street Analyst Weigh In

BRZE has been the topic of several research reports. Citizens Jmp reaffirmed a “market outperform” rating and set a $35.00 price objective on shares of Braze in a report on Thursday, May 28th. Citigroup dropped their target price on Braze from $49.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, May 29th. Canaccord Genuity Group cut their price target on Braze from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, May 28th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Braze in a report on Tuesday, July 7th. Finally, DA Davidson reiterated a “buy” rating and issued a $33.00 price objective on shares of Braze in a research report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $34.76.

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.