Braze Surges as Salesforce Strikes $5.66 Billion Cash Deal

Braze (BRZE) is up 50.8% today. Here is some analysis on what might have caused this price movement.

Analysis: The sharp move appears tied to a definitive agreement for Salesforce to acquire Braze in an all-cash transaction. A buyout price set above the prior closing level often pulls the target’s stock quickly toward the offer value, which looks to be the main driver here.

Details:

Salesforce and Braze announced a definitive merger agreement on October 20, 2026.

Under the deal terms, holders of Braze Class A common stock are set to receive $47.50 in cash per share.

The transaction values Braze at about $5.66 billion in enterprise value, giving investors a clear takeover benchmark for the shares.

The companies said the deal is expected to close in Salesforce’s fiscal year 2028, subject to Braze shareholder approval and required regulatory approvals.

Sources:

Braze Investor Relations, Salesforce Investor Relations, Associated Press

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$BRZE Insider Trading Activity

$BRZE insiders have traded $BRZE stock on the open market 20 times in the past 6 months. Of those trades, 0 have been purchases and 20 have been sales.

Here’s a breakdown of recent trading of $BRZE stock by insiders over the last 6 months:

JONATHAN HYMAN (Chief Technology Officer) has made 0 purchases and 12 sales selling 158,224 shares for an estimated $4,636,379.
ASTHA MALIK (Chief Business Officer) has made 0 purchases and 6 sales selling 100,820 shares for an estimated $2,753,101.
EDWARD M. MCDONNELL (Chief Revenue Officer) has made 0 purchases and 2 sales selling 29,732 shares for an estimated $932,926.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$BRZE Hedge Fund Activity

We have seen 126 institutional investors add shares of $BRZE stock to their portfolio, and 113 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC added 12,192,482 shares (+259.3%) to their portfolio in Q2 2026, for an estimated $264,454,934
PICTET ASSET MANAGEMENT HOLDING SA added 5,036,297 shares (+38962.5%) to their portfolio in Q2 2026, for an estimated $109,237,281
POINT72 ASSET MANAGEMENT, L.P. removed 3,004,631 shares (-96.6%) from their portfolio in Q2 2026, for an estimated $65,170,446
UBS GROUP AG removed 2,240,445 shares (-66.7%) from their portfolio in Q2 2026, for an estimated $48,595,252
BARCLAYS PLC removed 1,555,198 shares (-98.8%) from their portfolio in Q2 2026, for an estimated $33,732,244
WESTFIELD CAPITAL MANAGEMENT CO LP removed 1,356,374 shares (-34.1%) from their portfolio in Q2 2026, for an estimated $29,419,752
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 1,122,667 shares (+1207.5%) to their portfolio in Q2 2026, for an estimated $24,350,647

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$BRZE Price Targets

Multiple analysts have issued price targets for $BRZE recently. We have seen 9 analysts offer price targets for $BRZE in the last 6 months, with a median target of $35.0.

Here are some recent targets:

Alexei Gogolev from JP Morgan set a target price of $35.0 on 07/06/2026
Tyler Radke from Citigroup set a target price of $48.0 on 05/29/2026
Billy Fitzsimmons from Piper Sandler set a target price of $27.0 on 05/28/2026
Clark Wright from DA Davidson set a target price of $33.0 on 05/28/2026
Matthew Vanvliet from Cantor Fitzgerald set a target price of $38.0 on 05/28/2026
Siti Panigrahi from Mizuho set a target price of $32.0 on 05/28/2026
Patrick Walravens from Citizens set a target price of $35.0 on 05/28/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.