Braze chief accounting officer sells shares worth $105,519

Malik Pankaj, the Chief Accounting Officer of Braze , Inc. (NASDAQ:BRZE), recently sold 2,585 shares of Class A common stock. The transaction, executed on February 18, 2025, was part of a non-discretionary sell-to-cover program designed to satisfy tax withholding obligations related to the vesting of restricted stock units. The shares were sold at a weighted average price of $40.82, resulting in a total sale value of $105,519. According to InvestingPro data, Braze maintains a strong balance sheet with more cash than debt, while showing impressive revenue growth of 28% in the last twelve months.

Following this transaction, Pankaj retains ownership of 52,199 shares, of which 33,185 are represented by restricted stock units. This sale was conducted in accordance with a program implemented by Braze, effective since November 16, 2021, and last modified on April 15, 2024. With a market capitalization of $4.3 billion, Braze has attracted positive attention from Wall Street, with 16 analysts recently revising their earnings estimates upward. For deeper insights into Braze’s financial health and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports.

In other recent news, Braze Inc. has been the focus of multiple analyst reports and financial evaluations. JMP Securities maintained a Market Outperform rating with a $68 price target, highlighting Braze’s record bookings and anticipation of strong revenue and billings for the fourth fiscal quarter of 2025. Meanwhile, Raymond (NSE:RYMD) James reiterated an Outperform rating with a $48 target, acknowledging management changes but emphasizing the company’s strategic growth initiatives. Needham revised its price target downward from $70 to $50, maintaining a Buy rating despite acknowledging challenges in the purchasing environment and recent earnings performance. Piper Sandler raised its price target to $48 from $44, citing Braze’s solid third-quarter results and ongoing AI initiatives as positive indicators. DA Davidson adjusted its price target to $50, maintaining a Buy rating and noting Braze’s successful margin expansion and revenue growth amidst market challenges. These developments reflect a mixed but generally optimistic outlook from various analyst firms regarding Braze’s future performance.

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