Braze (NASDAQ:BRZE) CEO William Magnuson Sells 26,698 Shares

Braze, Inc. (NASDAQ:BRZE) CEO William Magnuson sold 26,698 shares of the stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $26.64, for a total transaction of $711,234.72. Following the sale, the chief executive officer directly owned 694,746 shares in the company, valued at approximately $18,508,033.44. This represents a 3.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Braze Stock Performance

Shares of NASDAQ BRZE traded down $0.22 during trading on Thursday, reaching $27.00. The company had a trading volume of 1,138,619 shares, compared to its average volume of 1,537,394. Braze, Inc. has a 52 week low of $23.91 and a 52 week high of $48.33. The business’s 50 day moving average price is $28.71 and its 200-day moving average price is $29.25. The stock has a market cap of $3.00 billion, a PE ratio of -25.96 and a beta of 1.10.

Braze (NASDAQ:BRZE) last released 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). Braze had a negative net margin of 16.62% and a negative return on equity of 17.97%. The firm had revenue of $180.11 million during the quarter, compared to analyst estimates of $171.63 million. During the same period last year, the business posted $0.09 earnings per share. The firm’s quarterly revenue was up 23.8% on a year-over-year basis. Braze has set its FY 2026 guidance at 0.410-0.420 EPS. Q3 2026 guidance at 0.060-0.070 EPS. Equities analysts anticipate that Braze, Inc. will post -0.98 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on BRZE shares. The Goldman Sachs Group set a $52.00 price objective on shares of Braze and gave the company a “buy” rating in a research note on Saturday, September 6th. Cantor Fitzgerald raised their target price on shares of Braze from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. Wells Fargo & Company initiated coverage on shares of Braze in a report on Tuesday, September 30th. They set an “overweight” rating and a $40.00 price objective on the stock. William Blair reiterated an “outperform” rating on shares of Braze in a report on Wednesday, October 1st. Finally, Citigroup upped their price objective on Braze from $50.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Nineteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $45.11.

Hedge Funds Weigh In On Braze

Several institutional investors and hedge funds have recently made changes to their positions in BRZE. Dynamic Technology Lab Private Ltd bought a new position in Braze in the 1st quarter valued at approximately $691,000. Versor Investments LP bought a new stake in shares of Braze in the 2nd quarter valued at about $638,000. Citizens Financial Group Inc. RI acquired a new position in shares of Braze in the second quarter worth approximately $736,000. AlphaQuest LLC raised its holdings in Braze by 250.6% during the 2nd quarter. AlphaQuest LLC now owns 17,899 shares of the company’s stock worth $503,000 after purchasing an additional 12,794 shares during the last quarter. Finally, Pathway Capital Management LP bought a new stake in Braze during the second quarter valued at $4,813,000. 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.