Braze (NASDAQ:BRZE) Insider Sells $464,958.68 in Stock

Key Points

• Insider sale: Astha Malik sold 15,724 Braze shares for $464,958.68 under a pre-arranged Rule 10b5-1 plan, reducing her direct ownership by 4.6% to 326,233 shares.
• Business performance: Braze reported quarterly revenue of $211 million, up 30.2% year over year and above estimates, while matching earnings expectations at $0.10 per share. The company remains unprofitable, with a negative net margin of 15.51%.
• Analyst outlook: Braze has a consensus “Moderate Buy” rating and an average price target of $35.06, compared with a recent share price of $31.06; institutional investors own 90.47% of the stock.

Braze, Inc. (NASDAQ:BRZE - Get Free Report) insider Astha Malik sold 15,724 shares of the company's stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $29.57, for a total value of $464,958.68. Following the completion of the transaction, the insider directly owned 326,233 shares of the company's stock, valued at $9,646,709.81. This trade represents a 4.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Astha Malik also recently made the following trade(s):

• On Monday, August 10th, Astha Malik sold 33,656 shares of Braze stock. The stock was sold at an average price of $27.65, for a total transaction of $930,588.40.

Braze Price Performance

Shares of NASDAQ:BRZE traded up $0.35 during trading on Friday, hitting $31.06. 3,314,998 shares of the company were exchanged, compared to its average volume of 2,944,995. The firm's 50 day moving average price is $24.49 and its 200-day moving average price is $22.24. Braze, Inc. has a 12-month low of $15.26 and a 12-month high of $37.33. The stock has a market capitalization of $3.50 billion, a P/E ratio of -27.73 and a beta of 0.83.

Braze (NASDAQ:BRZE - Get Free Report) last posted its earnings results on Wednesday, May 27th. The company reported $0.10 EPS for the quarter, meeting 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 firm had revenue of $211.00 million for the quarter, compared to the consensus estimate of $205.19 million. During the same period last year, the firm posted $0.07 EPS. 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, equities research analysts anticipate that Braze, Inc. will post -0.78 EPS for the current year.

Hedge Funds Weigh In On Braze

Hedge funds and other institutional investors have recently made changes to their positions in the stock. NBC Securities Inc. acquired a new stake in Braze during the 4th quarter worth approximately $27,000. Fifth Third Bancorp acquired a new position in shares of Braze in the first quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Braze by 3,650.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company's stock valued at $28,000 after purchasing an additional 803 shares during the period. Harbor Investment Advisory LLC purchased a new stake in shares of Braze during the second quarter worth approximately $36,000. Finally, Osaic Holdings Inc. raised its stake 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 during the last quarter. Hedge funds and other institutional investors own 90.47% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. The Goldman Sachs Group set a $34.00 target price on Braze and gave the company a "buy" rating in a report on Wednesday, June 24th. Citigroup dropped their price target on Braze from $49.00 to $48.00 and set a "buy" rating on the stock in a research note on Friday, May 29th. 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. JPMorgan Chase & Co. boosted their price objective on Braze from $33.00 to $35.00 and gave the company an "overweight" rating in a research note on Monday, July 6th. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of Braze in a report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Braze presently has a consensus rating of "Moderate Buy" and an average price target of $35.06.

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.

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