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 that occurred on Tuesday, November 18th. The shares were sold at an average price of $26.64, for a total transaction of $145,827.36. Following the completion of the sale, the general counsel owned 224,250 shares of the company’s stock, valued at approximately $5,974,020. This trade represents a 2.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 Trading Up 1.5%

Shares of BRZE opened at $27.41 on Friday. The firm has a market cap of $3.05 billion, a PE ratio of -26.36 and a beta of 1.10. Braze, Inc. has a 12 month low of $23.91 and a 12 month high of $48.33. The stock has a fifty day moving average price of $28.58 and a 200-day moving average price of $29.20.

Braze (NASDAQ:BRZE) last announced its earnings results on Thursday, September 4th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.25). The business had revenue of $180.11 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 23.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.09 earnings per share. 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, research analysts forecast that Braze, Inc. will post -0.98 EPS for the current year.

Hedge Funds Weigh In On Braze

Several institutional investors and hedge funds have recently modified their holdings of the stock. US Bancorp DE grew its holdings in Braze by 1.4% during the first quarter. US Bancorp DE now owns 21,314 shares of the company’s stock worth $769,000 after acquiring an additional 302 shares during the period. Arizona State Retirement System boosted its position in Braze by 1.7% in the 3rd quarter. Arizona State Retirement System now owns 21,749 shares of the company’s stock worth $619,000 after purchasing an additional 363 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Braze by 15.3% during the 1st 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. Dynamic Technology Lab Private Ltd increased its holdings in shares of Braze by 2.4% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 19,621 shares of the company’s stock valued at $551,000 after purchasing an additional 461 shares in the last quarter. Finally, SBI Securities Co. Ltd. lifted its stake in shares of Braze by 34.3% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,843 shares of the company’s stock valued at $52,000 after purchasing an additional 471 shares during the period. Institutional investors and hedge funds own 90.47% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on BRZE. UBS Group lowered their target price on shares of Braze from $48.00 to $43.00 and set a “buy” rating for the company in a research note on Friday, September 5th. Barclays upped their target price on Braze from $35.00 to $39.00 and gave the company an “overweight” rating in a research report on Friday, September 5th. William Blair reaffirmed an “outperform” rating on shares of Braze in a research report on Wednesday, October 1st. Weiss Ratings reiterated a “sell (e+)” rating on shares of Braze in a research note on Wednesday, October 8th. Finally, Needham & Company LLC restated a “buy” rating and issued a $50.00 price objective on shares of Braze in a research note on Wednesday, October 22nd. Nineteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $45.11.

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.