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

Key Points

• Braze insider Astha Malik sold 33,656 shares for approximately $930,588 at an average price of $27.65 under a pre-arranged Rule 10b5-1 plan, reducing her ownership by 10.79% to 278,138 shares.
• Braze shares recently traded at $27.68, with a $3.12 billion market capitalization and a 52-week range of $15.26 to $37.33. The company reported 30.2% year-over-year revenue growth to $211 million in its latest quarter and met EPS expectations.
• Analysts maintain a broadly positive view, with a “Moderate Buy” consensus and an average price target of $34.76; institutional investors own approximately 90.47% of the stock.

Braze, Inc. (NASDAQ:BRZE - Get Free Report) insider Astha Malik sold 33,656 shares of the firm's stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $27.65, for a total transaction of $930,588.40. Following the sale, the insider owned 278,138 shares of the company's stock, valued at approximately $7,690,515.70. This represents a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Braze Price Performance

BRZE traded down $0.54 on Wednesday, reaching $27.68. 1,376,941 shares of the company traded hands, compared to its average volume of 2,953,035. The company has a market cap of $3.12 billion, a price-to-earnings ratio of -24.71 and a beta of 0.83. The stock's 50 day moving average price is $23.55 and its 200-day moving average price is $21.97. Braze, Inc. has a 52-week low of $15.26 and a 52-week high of $37.33.

Braze (NASDAQ:BRZE - Get Free Report) last released its earnings results on Wednesday, May 27th. The company reported $0.10 earnings per share (EPS) 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 quarter in the prior year, the firm earned $0.07 EPS. The company's revenue was up 30.2% compared to the same quarter last year. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. As a group, equities research analysts forecast that Braze, Inc. will post -0.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on the company. BTIG Research restated a "buy" rating and issued a $30.00 target price on shares of Braze in a research note on Tuesday, May 26th. Cantor Fitzgerald reiterated an "overweight" rating and set a $38.00 price target on shares of Braze in a report on Thursday, May 28th. The Goldman Sachs Group set a $34.00 price target on Braze and gave the company a "buy" rating in a research note on Wednesday, June 24th. Mizuho dropped their price objective on Braze from $40.00 to $32.00 and set an "outperform" rating on the stock in a report on Thursday, May 28th. Finally, Citizens Jmp reaffirmed a "market outperform" rating and set a $35.00 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 assigned a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $34.76.

Institutional Trading of Braze

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake 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 buying an additional 892,635 shares during the last quarter. Dana Investment Advisors Inc. bought a new position in shares of Braze in the fourth quarter valued at approximately $1,980,000. Stephens Investment Management Group LLC boosted its holdings in shares of Braze by 8.7% in the 4th quarter. Stephens Investment Management Group LLC now owns 1,233,143 shares of the company's stock worth $42,284,000 after acquiring an additional 98,854 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Braze by 232,716.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 100,111 shares of the company's stock worth $3,433,000 after acquiring an additional 100,068 shares in the last quarter. Finally, Pathway Capital Management LP bought a new stake in Braze during the 4th quarter worth approximately $2,207,000. Institutional investors 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.

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