Pankaj Malik Sells 3,644 Shares of Braze (NASDAQ:BRZE) Stock

Braze, Inc. (NASDAQ:BRZE) CAO Pankaj Malik sold 3,644 shares of Braze stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $26.64, for a total transaction of $97,076.16. Following the sale, the chief accounting officer directly owned 59,112 shares of the company’s stock, valued at $1,574,743.68. The trade was a 5.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Thursday, September 18th, Pankaj Malik sold 4,174 shares of Braze stock. The shares were sold at an average price of $32.77, for a total transaction of $136,781.98.

Braze Stock Up 1.5%

Shares of BRZE stock opened at $27.41 on Friday. Braze, Inc. has a 12-month low of $23.91 and a 12-month high of $48.33. The company has a market capitalization of $3.05 billion, a PE ratio of -26.36 and a beta of 1.10. The firm has a 50 day moving average price of $28.58 and a two-hundred day moving average price of $29.20.

Braze (NASDAQ:BRZE) last posted its earnings results on Thursday, September 4th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.25). The firm had revenue of $180.11 million during the quarter, compared to analyst estimates of $171.63 million. Braze had a negative net margin of 16.62% and a negative return on equity of 17.97%. Braze’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.09 EPS. Braze has set its FY 2026 guidance at 0.410-0.420 EPS. Q3 2026 guidance at 0.060-0.070 EPS. As a group, research analysts expect that Braze, Inc. will post -0.98 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. UBS Group reduced their target price on shares of Braze from $48.00 to $43.00 and set a “buy” rating for the company in a research report on Friday, September 5th. William Blair reiterated an “outperform” rating on shares of Braze in a research note on Wednesday, October 1st. Needham & Company LLC restated a “buy” rating and set a $50.00 target price on shares of Braze in a research report on Wednesday, October 22nd. Mizuho raised their target price on shares of Braze from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, September 5th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $43.00 price target on shares of Braze in a research report on Friday, September 5th. Nineteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $45.11.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BRZE. Dynamic Technology Lab Private Ltd acquired a new position in Braze during the 1st quarter worth about $691,000. Citizens Financial Group Inc. RI bought a new position in shares of Braze during the second quarter worth about $736,000. Versor Investments LP bought a new position in shares of Braze during the second quarter worth about $638,000. AlphaQuest LLC lifted its stake in shares of Braze by 250.6% in the second quarter. AlphaQuest LLC now owns 17,899 shares of the company’s stock worth $503,000 after acquiring an additional 12,794 shares during the period. Finally, Vident Advisory LLC bought a new stake in Braze in the first quarter valued at approximately $356,000. Institutional investors and hedge funds own 90.47% of the company’s stock.

About Braze

Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. The company offers Braze software development kits that automatically manage data ingestion and deliver mobile and web notifications, in-application/in-browser interstitial messages, and content cards; REST API that can be used to import or export data or to trigger workflows between Braze and brands' existing technology stacks; Partner Data Integrations, which allow brands to sync user cohorts from partners; Data Transformation, in which brands can programmatically sync and transform user data; and Braze Cloud Data Ingestion that enables brands to harness their customer data.