Braze (NASDAQ:BRZE) Sets New 1-Year Low After Insider Selling

Shares of Braze, Inc. (NASDAQ:BRZE) hit a new 52-week low during trading on Monday following insider selling activity. The company traded as low as $15.26 and last traded at $16.0360, with a volume of 715539 shares changing hands. The stock had previously closed at $17.16.

Specifically, General Counsel Susan Wiseman sold 4,167 shares of Braze stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $17.03, for a total value of $70,964.01. Following the completion of the sale, the general counsel directly owned 209,864 shares in the company, valued at approximately $3,573,983.92. The trade was a 1.95% 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. Also, General Counsel Susan Wiseman sold 5,763 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $16.93, for a total value of $97,567.59. Following the sale, the general counsel directly owned 214,031 shares in the company, valued at $3,623,544.83. This represents a 2.62% decrease in their position. The SEC filing for this sale provides additional information. In other Braze news, insider Astha Malik sold 14,049 shares of Braze stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $16.93, for a total value of $237,849.57. Following the completion of the transaction, the insider directly owned 205,289 shares of the company’s stock, valued at $3,475,542.77. The trade was a 6.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. DA Davidson increased their target price on Braze from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Stifel Nicolaus set a $40.00 price objective on shares of Braze in a research note on Monday, February 9th. BTIG Research began coverage on shares of Braze in a report on Tuesday, December 16th. They issued a “buy” rating and a $45.00 target price on the stock. The Goldman Sachs Group cut their price target on shares of Braze from $55.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, January 28th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Braze in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $44.30.

Braze Stock Performance

The firm has a market cap of $1.77 billion, a P/E ratio of -14.35 and a beta of 1.07. The company’s 50 day moving average is $26.08 and its 200 day moving average is $27.66.

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, hitting the consensus estimate of $0.06. Braze had a negative net margin of 16.85% and a negative return on equity of 17.87%. The company had revenue of $190.84 million during the quarter, compared to the consensus estimate of $198.25 million. During the same period in the prior year, the business earned $0.02 earnings per share. The company’s revenue for the quarter was up 25.5% compared to the same quarter last year. 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 research analysts anticipate that Braze, Inc. will post -0.98 EPS for the current year.

Institutional Trading of Braze

Hedge funds have recently made changes to their positions in the company. NBC Securities Inc. bought a new stake in shares of Braze during the fourth quarter worth about $27,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Braze by 3,650.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company’s stock valued at $28,000 after acquiring an additional 803 shares during the last quarter. SBI Securities Co. Ltd. raised its stake in shares of Braze by 173.3% during the second quarter. SBI Securities Co. Ltd. now owns 1,372 shares of the company’s stock valued at $39,000 after acquiring an additional 870 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new position in shares of Braze during the fourth quarter worth $52,000. Finally, Osaic Holdings Inc. grew its stake in shares of Braze by 821.1% in the second quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock worth $44,000 after purchasing an additional 1,404 shares during the last quarter. 90.47% of the stock is owned by institutional investors and hedge funds.

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.