Braze shares slide as investors weigh mixed quarterly margins despite raised outlook

Braze, Inc. (BRZE) is down 5.8% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to post-earnings repositioning after Braze’s latest quarterly report, where revenue growth and a higher full-year outlook were offset by profitability metrics that landed a bit below expectations. Investors also may be factoring in added uncertainty from the company’s announced CFO transition.

Details:

Braze reported quarterly results for the period ended April 30, 2026, including revenue of $211.0 million (about 30% year-over-year growth) in its earnings release and 8-K.

Non-GAAP operating margin was about 5.0% for the quarter, a level that some analysts framed as slightly below consensus expectations.

Full-year fiscal 2027 revenue guidance was raised to a range of $895 million to $899 million, which may not have been enough to outweigh margin-related concerns.

In a prior 8-K, the company disclosed that its CFO planned to step down effective May 29, 2026, which can increase near-term investor caution around execution and forecasting.

Sources:

U.S. SEC (EDGAR), Zacks, Investing.com

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 10 times in the past 6 months. Of those trades, 0 have been purchases and 10 have been sales.

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

SUSAN WISEMAN (General Counsel) has made 0 purchases and 3 sales selling 44,930 shares for an estimated $878,681.
WILLIAM MAGNUSON (Chief Executive Officer) sold 26,413 shares for an estimated $447,172
ISABELLE WINKLES (Chief Financial Officer) has made 0 purchases and 2 sales selling 20,806 shares for an estimated $405,033.
PANKAJ MALIK (Chief Accounting Officer) has made 0 purchases and 2 sales selling 8,433 shares for an estimated $247,088.
ASTHA MALIK (Chief Business Officer) sold 14,049 shares for an estimated $237,849
JONATHAN HYMAN (Chief Technology Officer) sold 7,391 shares for an estimated $125,129

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 171 institutional investors add shares of $BRZE stock to their portfolio, and 146 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC added 4,695,577 shares (+70844.6%) to their portfolio in Q1 2026, for an estimated $110,862,572
ALLIANCEBERNSTEIN L.P. removed 2,371,839 shares (-92.1%) from their portfolio in Q1 2026, for an estimated $55,999,118
ALYESKA INVESTMENT GROUP, L.P. removed 2,105,024 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $49,699,616
WESTFIELD CAPITAL MANAGEMENT CO LP added 1,786,631 shares (+81.7%) to their portfolio in Q1 2026, for an estimated $42,182,357
UBS GROUP AG added 1,780,618 shares (+112.9%) to their portfolio in Q1 2026, for an estimated $42,040,390
CADIAN CAPITAL MANAGEMENT, LP removed 1,763,108 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $60,456,973
BATTERY MANAGEMENT CORP. added 1,363,425 shares (+41.8%) to their portfolio in Q1 2026, for an estimated $32,190,464

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 Analyst Ratings

Wall Street analysts have issued reports on $BRZE in the last several months. We have seen 7 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Needham issued a "Buy" rating on 03/25/2026
Piper Sandler issued a "Overweight" rating on 03/25/2026
Citigroup issued a "Buy" rating on 03/25/2026
BTIG issued a "Buy" rating on 12/17/2025
Barclays issued a "Overweight" rating on 12/10/2025
Mizuho issued a "Outperform" rating on 12/10/2025
Wells Fargo issued a "Overweight" rating on 12/10/2025

To track analyst ratings and price targets for $BRZE, check out Quiver Quantitative's $BRZE forecast page.

$BRZE Price Targets

Multiple analysts have issued price targets for $BRZE recently. We have seen 20 analysts offer price targets for $BRZE in the last 6 months, with a median target of $34.0.

Here are some recent targets:

Billy Fitzsimmons from Piper Sandler set a target price of $27.0 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
Clark Wright from DA Davidson set a target price of $33.0 on 05/28/2026
Nick Altmann from BTIG set a target price of $30.0 on 05/26/2026
Taylor McGinnis from UBS set a target price of $28.0 on 03/25/2026

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.