Susan Wiseman Sells 5,474 Shares of Braze (NASDAQ:BRZE) Stock

Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman sold 5,474 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $26.64, for a total value of $145,827.36. Following the sale, the general counsel owned 224,250 shares in the company, valued at $5,974,020. The trade was a 2.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Susan Wiseman also recently made the following trade(s):

• On Thursday, November 20th, Susan Wiseman sold 4,456 shares of Braze stock. The stock was sold at an average price of $27.57, for a total value of $122,851.92.

Braze Price Performance

Shares of Braze stock traded down $0.22 during trading on Thursday, hitting $27.00. 1,138,619 shares of the stock traded hands, compared to its average volume of 1,298,439. Braze, Inc. has a 52 week low of $23.91 and a 52 week high of $48.33. The firm’s fifty day moving average is $28.71 and its 200-day moving average is $29.25.

Braze (NASDAQ:BRZE) last released its earnings results on Thursday, September 4th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.25). The firm had revenue of $180.11 million during the quarter, compared to the consensus estimate of $171.63 million. Braze had a negative return on equity of 17.97% and a negative net margin of 16.62%.The business’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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. Sell-side analysts forecast that Braze, Inc. will post -0.98 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Westfield Capital Management Co. LP bought a new position in shares of Braze during the first quarter valued at approximately $54,644,000. Fuller & Thaler Asset Management Inc. purchased a new position in Braze during the 1st quarter valued at $50,988,000. Barclays PLC raised its holdings in Braze by 443.0% in the 3rd quarter. Barclays PLC now owns 1,404,395 shares of the company’s stock worth $39,941,000 after purchasing an additional 1,145,748 shares in the last quarter. UBS Group AG lifted its position in shares of Braze by 421.1% in the 3rd quarter. UBS Group AG now owns 1,279,678 shares of the company’s stock worth $36,394,000 after purchasing an additional 1,034,087 shares during the period. Finally, Battery Management CORP. boosted its stake in shares of Braze by 70.2% during the 3rd quarter. Battery Management CORP. now owns 2,425,000 shares of the company’s stock valued at $68,967,000 after purchasing an additional 1,000,000 shares in the last quarter. Institutional investors own 90.47% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BRZE. Barclays upped their price objective on shares of Braze from $35.00 to $39.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. Wells Fargo & Company assumed coverage on shares of Braze in a research note on Tuesday, September 30th. They issued an “overweight” rating and a $40.00 price target for the company. Cantor Fitzgerald raised their price objective on Braze from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Braze in a report on Wednesday, October 8th. Finally, UBS Group lowered their target price on Braze from $48.00 to $43.00 and set a “buy” rating for the company in a research note on Friday, September 5th. Nineteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $45.11.

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.