Braze (NASDAQ:BRZE) Sets New 1-Year Low After Insider Selling

Braze, Inc. (NASDAQ:BRZE) reached a new 52-week low during mid-day trading on Monday after an insider sold shares in the company. The stock traded as low as $15.26 and last traded at $16.0360, with a volume of 715539 shares. The stock had previously closed at $17.16.

Specifically, General Counsel Susan Wiseman sold 4,167 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $17.03, for a total transaction of $70,964.01. Following the completion of the transaction, the general counsel owned 209,864 shares of the company’s stock, valued at approximately $3,573,983.92. This represents a 1.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Susan Wiseman sold 5,763 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $16.93, for a total value of $97,567.59. Following the sale, the general counsel directly owned 214,031 shares of the company’s stock, valued at approximately $3,623,544.83. This trade represents a 2.62% decrease in their position. The disclosure for this sale is available in the SEC filing. In other news, insider Astha Malik sold 14,049 shares of Braze stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $16.93, for a total value of $237,849.57. Following the transaction, the insider directly owned 205,289 shares of the company’s stock, valued at $3,475,542.77. The trade was a 6.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Citigroup increased their target price on shares of Braze from $52.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Wolfe Research raised shares of Braze to an “overweight” rating in a research report on Wednesday, December 10th. Citizens Jmp restated a “market outperform” rating and set a $68.00 target price on shares of Braze in a report on Wednesday, December 10th. Cantor Fitzgerald reissued an “overweight” rating and issued a $38.00 price objective on shares of Braze in a research report on Wednesday, December 10th. Finally, Barclays increased their target price on Braze from $39.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has given a Hold rating and one has issued 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 $44.30.

Braze Stock Performance

The company has a market capitalization of $1.79 billion, a PE ratio of -14.45 and a beta of 1.07. The company has a 50 day moving average price of $26.43 and a 200 day moving average price of $27.73.

Braze (NASDAQ:BRZE) last posted its quarterly earnings results on Tuesday, December 9th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. Braze had a negative net margin of 16.85% and a negative return on equity of 17.87%. The firm had revenue of $190.84 million for the quarter, compared to analysts’ expectations of $198.25 million. During the same period in the prior year, the company posted $0.02 earnings per share. The firm’s quarterly revenue was up 25.5% on a year-over-year basis. Braze has set its FY 2026 guidance at 0.420-0.430 EPS and its Q4 2026 guidance at 0.130-0.140 EPS. On average, equities analysts forecast that Braze, Inc. will post -0.98 earnings per share for the current fiscal year.

Institutional Trading of Braze

Several institutional investors and hedge funds have recently bought and sold shares of BRZE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Braze by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,224 shares of the company’s stock worth $1,415,000 after purchasing an additional 1,700 shares during the period. Intech Investment Management LLC grew its stake in Braze by 18.8% during the 1st quarter. Intech Investment Management LLC now owns 40,281 shares of the company’s stock worth $1,453,000 after buying an additional 6,379 shares during the last quarter. CWM LLC lifted its stake in Braze by 9.7% in the second quarter. CWM LLC now owns 6,009 shares of the company’s stock valued at $169,000 after buying an additional 532 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Braze during the second quarter worth about $416,000. Finally, AlphaQuest LLC lifted its position in Braze by 250.6% in the 2nd quarter. AlphaQuest LLC now owns 17,899 shares of the company’s stock valued at $503,000 after purchasing an additional 12,794 shares during the last quarter. Institutional investors and hedge funds own 90.47% of the company’s stock.

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.