Braze (NASDAQ:BRZE) General Counsel Sells $145,827.36 in Stock

Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman sold 5,474 shares of Braze stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $26.64, for a total value of $145,827.36. Following the sale, the general counsel owned 224,250 shares in the company, valued at $5,974,020. This represents a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 Stock Performance

Braze stock traded down $0.22 on Thursday, hitting $27.00. 1,138,619 shares of the stock traded hands, compared to its average volume of 1,298,439. The business’s fifty day simple moving average is $28.71 and its 200 day simple moving average is $29.25. Braze, Inc. has a 1 year low of $23.91 and a 1 year high of $48.33.

Braze (NASDAQ:BRZE) last released its earnings results on Thursday, September 4th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.25). Braze had a negative return on equity of 17.97% and a negative net margin of 16.62%.The business had revenue of $180.11 million during the quarter, compared to analysts’ expectations of $171.63 million. During the same period in the prior year, the company earned $0.09 earnings per share. The firm’s quarterly revenue was up 23.8% compared to the same quarter last year. Braze has set its FY 2026 guidance at 0.410-0.420 EPS. Q3 2026 guidance at 0.060-0.070 EPS. On average, equities analysts forecast that Braze, Inc. will post -0.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BRZE has been the subject of a number of analyst reports. Wells Fargo & Company initiated coverage on shares of Braze in a research note on Tuesday, September 30th. They set an “overweight” rating and a $40.00 target price for the company. Barclays raised 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. Canaccord Genuity Group reiterated a “buy” rating and set a $43.00 price objective on shares of Braze in a research note on Friday, September 5th. Citigroup increased their target price on Braze from $50.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Braze in a report on Wednesday, October 8th. Nineteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.11.

Hedge Funds Weigh In On Braze

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quarry LP increased its holdings in shares of Braze by 296.0% in the 1st quarter. Quarry LP now owns 796 shares of the company’s stock worth $29,000 after purchasing an additional 595 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Braze during the first quarter valued at $36,000. SBI Securities Co. Ltd. increased its holdings in Braze by 173.3% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,372 shares of the company’s stock worth $39,000 after buying an additional 870 shares in the last quarter. Osaic Holdings Inc. increased its holdings in Braze by 821.1% in the 2nd quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock worth $44,000 after buying an additional 1,404 shares in the last quarter. Finally, Clearstead Advisors LLC raised its position in Braze by 58.2% in the 3rd quarter. Clearstead Advisors LLC now owns 1,685 shares of the company’s stock worth $48,000 after buying an additional 620 shares during the last quarter. 90.47% of the stock is owned by institutional investors.

About Braze

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.