Braze CBO Astha Malik sells $464,910 in stock

Astha Malik, Chief Business Officer at Braze Inc., sold 15,724 shares of the company's Class A common stock for $464,910 on August 19, 2026. The shares were sold in increments of 100, with prices between $28.74 and $30.75 per share. The transactions were conducted under a pre-approved Rule 10b5-1 trading plan, put in place on April 15, 2026.

Since the sale, Braze stock has risen 81% to $31.06. Currently, Malik owns 326,233 shares of Braze stock, including 281,307 shares held as restricted stock units and performance-based restricted stock units. Pro analysis suggests the stock trades below its fair value, with analysts offering bullish price targets ranging from $27 to $50.

Following the latest financial results, several investment firms have taken notice of Braze Inc. The company reported exceeding revenue and current performance obligations expectations. While an accounting change highlighted Professional Services as the main driver of this performance, Subscription revenue met expectations. Analysts noted Braze raised its top-line guidance to a 22% year-over-year growth, surpassing the consensus expectation of 20%.

Cantor Fitzgerald raised its rating to Overweight and set a price target of $38, while Goldman Sachs initiated coverage with a Buy rating and a price target of $34. BTIG also raised its price target to $35 and maintained a Buy rating. Overall, investors are optimistic about Braze's growth prospects despite some challenges in achieving organic growth acceleration.