Braze (NASDAQ:BRZE) CAO Pankaj Malik Sells 3,644 Shares of Stock

Braze, Inc. (NASDAQ:BRZE) CAO Pankaj Malik sold 3,644 shares of the company’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $26.64, for a total value of $97,076.16. Following the sale, the chief accounting officer owned 59,112 shares of the company’s stock, valued at $1,574,743.68. This represents a 5.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, September 18th, Pankaj Malik sold 4,174 shares of Braze stock. The stock was sold at an average price of $32.77, for a total value of $136,781.98.

Braze Stock Performance

Shares of BRZE stock traded down $0.17 during trading hours on Friday, reaching $26.83. The company had a trading volume of 228,113 shares, compared to its average volume of 1,531,397. The stock’s fifty day simple moving average is $28.64 and its 200 day simple moving average is $29.23. The company has a market capitalization of $2.98 billion, a P/E ratio of -25.79 and a beta of 1.10. Braze, Inc. has a twelve month low of $23.91 and a twelve month high of $48.33.

Braze (NASDAQ:BRZE) last posted its quarterly earnings data on Thursday, September 4th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.25). The firm had revenue of $180.11 million for the quarter, compared to analysts’ expectations of $171.63 million. Braze had a negative net margin of 16.62% and a negative return on equity of 17.97%. The company’s revenue for the quarter was up 23.8% on a year-over-year basis. During the same quarter in the prior year, the business 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. As a group, equities analysts expect that Braze, Inc. will post -0.98 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on BRZE. UBS Group reduced their price objective on shares of Braze from $48.00 to $43.00 and set a “buy” rating on the stock in a research note on Friday, September 5th. DA Davidson reissued a “buy” rating and issued a $40.00 price target on shares of Braze in a report on Friday, September 5th. Barclays boosted their price objective on Braze from $35.00 to $39.00 and gave the company an “overweight” rating in a research report on Friday, September 5th. JMP Securities reaffirmed a “market outperform” rating and issued a $68.00 target price on shares of Braze in a research report on Friday, September 5th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $50.00 target price on shares of Braze in a research note on Wednesday, October 22nd. Nineteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Braze currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.11.

Hedge Funds Weigh In On Braze

Several large investors have recently bought and sold shares of BRZE. Envestnet Asset Management Inc. lifted its stake in shares of Braze by 3.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 86,257 shares of the company’s stock worth $3,112,000 after acquiring an additional 3,142 shares during the period. Cerity Partners LLC increased its stake in shares of Braze by 44.0% during the first quarter. Cerity Partners LLC now owns 7,540 shares of the company’s stock valued at $272,000 after acquiring an additional 2,303 shares during the period. CWM LLC raised its holdings in Braze by 237.9% during the first quarter. CWM LLC now owns 5,477 shares of the company’s stock worth $198,000 after purchasing an additional 3,856 shares in the last quarter. Victory Capital Management Inc. lifted its position in Braze by 37.1% in the first quarter. Victory Capital Management Inc. now owns 343,920 shares of the company’s stock worth $12,409,000 after purchasing an additional 93,008 shares during the period. Finally, IFP Advisors Inc lifted its position in Braze by 15.3% in the first quarter. IFP Advisors Inc now owns 3,386 shares of the company’s stock worth $122,000 after purchasing an additional 449 shares during the period. Institutional investors and hedge funds own 90.47% of the company’s stock.

Braze Company Profile

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.