Braze (NASDAQ:BRZE) CAO Pankaj Malik Sells 5,540 Shares

Braze, Inc. (NASDAQ:BRZE) CAO Pankaj Malik sold 5,540 shares of the company’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $35.76, for a total value of $198,110.40. Following the completion of the transaction, the chief accounting officer directly owned 53,572 shares in the company, valued at $1,915,734.72. This trade represents a 9.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, November 18th, Pankaj Malik sold 3,644 shares of Braze stock. The stock was sold at an average price of $26.64, for a total transaction of $97,076.16.

Braze Price Performance

Shares of BRZE opened at $35.47 on Friday. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of -32.25 and a beta of 1.10. The company has a 50-day moving average of $29.08 and a 200 day moving average of $28.65. Braze, Inc. has a 1-year low of $23.91 and a 1-year high of $48.33.

Braze (NASDAQ:BRZE) last announced its quarterly earnings results on Tuesday, December 9th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. Braze had a negative return on equity of 17.87% and a negative net margin of 16.85%.The firm had revenue of $190.84 million during the quarter, compared to analyst estimates of $198.25 million. During the same quarter in the previous year, the business earned $0.02 earnings per share. Braze’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 anticipate that Braze, Inc. will post -0.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BRZE has been the topic of several recent research reports. Citigroup increased their target price on shares of Braze from $52.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Barclays increased their price objective on shares of Braze from $39.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, December 10th. Piper Sandler reissued an “overweight” rating and issued a $50.00 price objective on shares of Braze in a research note on Wednesday, October 1st. Oppenheimer restated an “outperform” rating and set a $40.00 target price on shares of Braze in a report on Wednesday, December 10th. Finally, UBS Group cut their price target on Braze from $48.00 to $43.00 and set a “buy” rating on the stock in a report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Braze presently has an average rating of “Moderate Buy” and an average target price of $46.95.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake in Braze by 6.0% in the third quarter. JPMorgan Chase & Co. now owns 2,455,367 shares of the company’s stock valued at $69,831,000 after buying an additional 139,133 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of Braze during the third quarter worth about $242,000. Jacobs Levy Equity Management Inc. acquired a new position in shares of Braze during the third quarter valued at about $9,149,000. Caxton Associates LLP purchased a new position in shares of Braze in the 3rd quarter valued at approximately $231,000. Finally, PharVision Advisers LLC purchased a new position in shares of Braze in the 3rd quarter valued at approximately $252,000. 90.47% of the stock is currently owned by hedge funds and other institutional investors.

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.