Myles Kleeger, President and Chief Customer Officer at Braze , Inc. (NASDAQ:BRZE), recently sold a total of 15,567 shares of the company's Class A Common Stock, according to a regulatory filing. The transactions occurred on November 18 and November 20, with shares sold at weighted average prices ranging from $34.12 to $36.52.
The first transaction on November 18 involved the sale of 9,225 shares at an average price of $34.45, amounting to $317,801. The second transaction on November 20 saw Kleeger sell 6,342 shares at an average price of $36.03, totaling $228,502. Following these sales, Kleeger holds 184,396 shares, including 177,849 shares represented by restricted stock units.
The sales were conducted under a pre-established trading plan, designed to cover tax obligations related to restricted stock unit vesting.
In other recent news, Braze Inc. reported a 26% increase in its fiscal second quarter 2025 revenue, reaching $145.5 million, and added 61 new customers, bringing the total to 2,163. Revenue for the third quarter is projected to be between $147.5 million and $148.5 million, with full fiscal year 2025 revenue expected to be between $582.5 million and $585.5 million. Stifel has initiated coverage on Braze, assigning a Buy rating and setting a price target of $37.00. Other firms such as DA Davidson, BTIG, JPMorgan (NYSE:JPM), and Goldman Sachs (NYSE:GS) have also maintained their Buy ratings for Braze, citing strong market positions and growth potential. These recent developments reflect analysts' confidence in Braze's long-term prospects, despite potential short-term macroeconomic challenges.
InvestingPro Insights
Braze, Inc. (NASDAQ:BRZE) has been showing mixed financial signals, which provide context to the recent insider sale by President and Chief Customer Officer Myles Kleeger. According to InvestingPro data, Braze has a market capitalization of $3.72 billion and has demonstrated strong revenue growth, with a 31.12% increase over the last twelve months as of Q1 2023, reaching $535.87 million.
Despite this growth, InvestingPro Tips highlight that Braze is not profitable over the last twelve months, which aligns with the company's operating income margin of -25.71%. This profitability challenge is reflected in the negative P/E ratio of -30.29. However, analysts are optimistic, with one InvestingPro Tip suggesting that the company is predicted to be profitable this year.
The stock has shown volatility, with a strong 19.07% return over the last month, but a -29.5% return over the past year. Braze is currently trading at 58.54% of its 52-week high, indicating potential room for recovery if the company can improve its financial performance.
It's worth noting that Braze holds more cash than debt on its balance sheet, and its liquid assets exceed short-term obligations. These factors provide some financial stability as the company works towards profitability. The company's Price to Book ratio of 8.2 suggests that investors are placing a premium on its future growth potential.
For investors seeking a more comprehensive analysis, InvestingPro offers additional tips and insights. There are 7 more InvestingPro Tips available for Braze, which could provide valuable perspective on the company's financial health and market position.
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