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

Braze, Inc. (NASDAQ:BRZE) insider Astha Malik sold 15,724 shares of the stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $29.57, for a total value of $464,958.68. Following the completion of the sale, the insider owned 326,233 shares of the company’s stock, valued at $9,646,709.81. The trade was a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $27.65, for a total value of $930,588.40.

Braze Trading Up 1.1%

Shares of BRZE stock opened at $31.06 on Friday. The stock has a 50-day moving average of $24.68 and a 200-day moving average of $22.30. The stock has a market cap of $3.50 billion, a price-to-earnings 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.

Braze (NASDAQ:BRZE) last released its earnings results on Wednesday, May 27th. The company reported $0.10 earnings per share for the quarter, meeting 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 business had revenue of $211.00 million during the quarter, compared to the consensus estimate of $205.19 million. During the same quarter in the prior year, the firm posted $0.07 EPS. 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. Sell-side analysts forecast that Braze, Inc. will post -0.78 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Odyssean LLC increased its holdings in Braze by 12.1% during the 2nd quarter. Odyssean LLC now owns 39,772 shares of the company’s stock worth $863,000 after purchasing an additional 4,304 shares in the last quarter. AXQ Capital LP bought a new position in shares of Braze in the second quarter valued at approximately $230,000. Wellington Management Group LLP purchased a new position in shares of Braze during the second quarter valued at approximately $7,847,000. Bank of New York Mellon Corp purchased a new position in shares of Braze during the second quarter valued at approximately $11,814,000. Finally, Handelsbanken Fonder AB grew its holdings in Braze by 18.9% during the second quarter. Handelsbanken Fonder AB now owns 28,900 shares of the company’s stock worth $627,000 after buying an additional 4,600 shares in the last quarter. Institutional investors own 90.47% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Canaccord Genuity Group lowered their target price on shares of Braze from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, May 28th. Stifel Nicolaus set a $30.00 price target on Braze in a report on Thursday, May 28th. Citigroup lowered their price objective on Braze from $49.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, May 29th. Cantor Fitzgerald reissued an “overweight” rating and issued a $38.00 price objective on shares of Braze in a research note on Thursday, May 28th. Finally, The Goldman Sachs Group set a $34.00 price objective on Braze and gave the company a “buy” rating in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Braze has a consensus rating of “Moderate Buy” and an average target price of $35.06.

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.