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

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

Braze Stock Up 7.9%

NASDAQ:BRZE opened at $29.87 on Friday. The business’s 50-day moving average price is $23.77 and its 200 day moving average price is $22.02. Braze, Inc. has a 52-week low of $15.26 and a 52-week high of $37.33. The firm has a market cap of $3.36 billion, a P/E ratio of -26.67 and a beta of 0.83.

Braze (NASDAQ:BRZE) last issued its quarterly earnings results on Wednesday, May 27th. The company reported $0.10 earnings per share 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 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 prior year, the company earned $0.07 EPS. Braze’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. Sell-side analysts expect that Braze, Inc. will post -0.78 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. JPMorgan Chase & Co. upped their price target on Braze from $33.00 to $35.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Citigroup reduced their price objective on Braze from $49.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, May 29th. Canaccord Genuity Group decreased their target price on Braze from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, May 28th. Mizuho cut their target price on Braze from $40.00 to $32.00 and set an “outperform” rating on the stock in a research report on Thursday, May 28th. Finally, BTIG Research reaffirmed a “buy” rating and set a $30.00 target price on shares of Braze in a report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $34.76.

Hedge Funds Weigh In On Braze

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BRZE. NBC Securities Inc. acquired a new stake in Braze during the 4th quarter valued at $27,000. Fifth Third Bancorp acquired a new stake in shares of Braze in the first quarter worth $27,000. Caitong International Asset Management Co. Ltd boosted its position 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 worth $28,000 after buying an additional 803 shares during the period. Harbor Investment Advisory LLC purchased a new position in shares of Braze during the second quarter valued at $36,000. Finally, Osaic Holdings Inc. grew its holdings in shares of Braze by 821.1% during the second quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock valued at $44,000 after buying an additional 1,404 shares in the last quarter. Institutional investors and hedge funds 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.