Braze (NASDAQ:BRZE) Insider Astha Malik Sells 15,724 Shares of Stock

Braze, Inc. (NASDAQ:BRZE) insider Astha Malik sold 15,724 shares of Braze stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $29.57, for a total value of $464,958.68. Following the transaction, the insider directly owned 326,233 shares in the company, valued at approximately $9,646,709.81. The trade was a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, August 10th, Astha Malik sold 33,656 shares of Braze stock. The shares were sold at an average price of $27.65, for a total transaction of $930,588.40.

Braze Price Performance

BRZE opened at $31.06 on Friday. The firm has a market cap of $3.50 billion, a P/E ratio of -27.73 and a beta of 0.83. Braze, Inc. has a 1-year low of $15.26 and a 1-year high of $37.33. The company has a 50 day simple moving average of $24.68 and a two-hundred day simple moving average of $22.30.

Braze (NASDAQ:BRZE) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting 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 firm had revenue of $211.00 million during the quarter, compared to analysts’ expectations of $205.19 million. During the same period in the prior year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was up 30.2% compared to the same quarter last year. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. Equities analysts anticipate that Braze, Inc. will post -0.78 earnings per share for the current year.

Wall Street Analyst Weigh In

BRZE has been the subject of a number of recent analyst reports. UBS Group reaffirmed an “outperform” rating on shares of Braze in a research note on Thursday, May 28th. DA Davidson reissued a “buy” rating and issued a $33.00 price target on shares of Braze in a report on Thursday, May 28th. Citizens Jmp restated a “market outperform” rating and issued a $35.00 price target on shares of Braze in a research note on Thursday, May 28th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Braze in a research report on Tuesday, July 7th. Finally, Stifel Nicolaus set a $30.00 price objective on shares of Braze in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.06.

Institutional Trading of Braze

Institutional investors have recently added to or reduced their stakes in the company. NBC Securities Inc. purchased a new position in shares of Braze during the fourth quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Braze by 3,650.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company’s stock worth $28,000 after acquiring an additional 803 shares during the last quarter. Fifth Third Bancorp purchased a new position in Braze during the 1st quarter valued at $27,000. Kemnay Advisory Services Inc. purchased a new position in Braze during the 4th quarter valued at $52,000. Finally, Osaic Holdings Inc. grew its position in Braze by 821.1% in the 2nd quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock valued at $44,000 after acquiring an additional 1,404 shares during the last quarter. Institutional investors own 90.47% of the company’s stock.

About Braze

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.