undamentalytics Newsletter

Braze, Inc. insider trading

Every open-market purchase and sale by Braze, Inc.'s officers, directors and largest shareholders since November 4, 2021, and what the share price did next.

No insider has bought shares on the open market in five years.

Insider purchase Insider sale Marker size reflects trade value. Weekly closes adjusted for splits; may be delayed.
Braze, Inc. insider open-market trades
DateInsiderTrade SharesPriceValue 1M after 3M after 6M after

From insiders' Form 4 filings with the SEC: open-market purchases and sales only (awards, option exercises and shares withheld for tax are excluded), combined to one line per insider per day. "Plan" marks trades the filing says were made under a pre-set Rule 10b5-1 trading plan, which are scheduled in advance. Price changes run from the close on the trade date; hover a figure for the change relative to the S&P 500. Past moves don't predict future ones.

Does following Braze, Inc.’s insiders pay?

From November 23, 2021 to April 13, 2026, 19 insiders reported 16 open-market purchases and 46 sales not made under a pre-set plan in Braze, Inc. Twelve months after each purchase was reported, the shares were +3.8% against the S&P 500 on average (median +4.7%), over 16 purchases with a full year of prices; 75% beat the index. After sales, the shares moved −21.4% against the index over 12 months (a negative figure means selling was the right call). That rests on fewer than 20 purchases, too few to read much into. Buying each purchase the day after it was reported, an equal amount each, held 12 months or until that insider reported a sale, would have turned $10,000 on April 11, 2022 into $14,316 by November 2, 2026, +8.2% a year. It held shares 33% of the time; the S&P 500 on those same days, with Treasury bills otherwise, made $11,483 (+3.1% a year), and held throughout $18,264 (+14.2%).

$0$10.0k$20.0k 20222023202420252026 $18.3k$14.3k$11.5k
Copying Braze, Inc.'s insidersS&P 500, same days investedS&P 500, held throughout $10,000 copying every open-market purchase by Braze, Inc.'s insiders from April 11, 2022, before costs and taxes, marked weekly. Uninvested money earns the Treasury bill rate; the portfolio held shares 33% of the time.
Braze, Inc.: each insider's record
InsiderRolePurchases12 months after their purchasesBeat the S&P 500Sales12 months after their salesLatest report
Malik Pankaj Chief Accounting Officer 0 — — 17 −21.4% (16) December 19, 2025
Jacobson Matthew Director 8 +3.8% (8) 75% 0 — October 5, 2022
Pepper Douglas A Director 8 +3.8% (8) 75% 0 — October 5, 2022
Wiseman Susan General Counsel 0 — — 7 −27.4% (6) April 13, 2026
Winkles Isabelle Chief Financial Officer 0 — — 6 −2.9% (6) May 17, 2023
Brown Michael Maurice and related entities 10% owner 0 — — 2 −28.8% (2) December 12, 2023
Machado Fernando Director 0 — — 2 −31.8% (2) October 9, 2024
Battery Investment Partners Xi, LLC 10% owner 0 — — 1 −1.3% (1) April 12, 2023
Elhafed Morad 10% owner 0 — — 1 −65.7% (1) January 24, 2025
Feldman Jesse 10% owner 0 — — 1 −3.2% (1) April 14, 2023
Fleischer Russell L 10% owner 0 — — 1 −43.8% (1) December 15, 2023
Hyman Jonathan Chief Technology Officer 0 — — 1 +11.1% (1) May 17, 2023
Kleeger Myles Pres & CCO 0 — — 1 +11.1% (1) May 17, 2023
Kliman Gilbert H 10% owner 0 — — 1 −53.3% (1) November 23, 2021
Lee Roger H 10% owner 0 — — 1 −22.1% (1) October 16, 2024
Magnuson William Chief Executive Officer 0 — — 1 +11.1% (1) May 17, 2023
Stoner Chelsea R. 10% owner 0 — — 1 −47.5% (1) December 27, 2023
Thakker Dharmesh 10% owner 0 — — 1 −40.9% (1) July 7, 2023
Tobin Scott R 10% owner 0 — — 1 −51.8% (1) September 14, 2023

Moves are the shares’ return including dividends minus the S&P 500’s, from the close on the first trading day after each report; the number of trades with a finished 12-month window is in brackets. Green means the trade went the insider’s way (a purchase ahead of the index, a sale followed by the shares trailing it). A trade reported both by a director or officer and by a fund or company they are linked to counts once here, under the person. Purchases count only where the share price actually traded was at least $5. These figures describe what the shares did, not why anyone traded. Insiders across all companies.

When several insiders traded Braze, Inc.

Months when 2 or more insiders became net buyers, or 3 or more net sellers, of Braze, Inc. in reports dated in the 91 days before the month end, and how the stock did against the S&P 500 from that month end. After the 2 buying crowds with six months of prices, it averaged −17.5% against the index. After 4 selling crowds, −9.4%. One company's history is too short to judge by; the test across every company is the better guide.

MonthCrowd3 months on, vs S&P 5006 months12 months
December 31, 20243 selling−13.7%−38.7%−42.6%
June 28, 20243 selling−19.8%+0.4%−42.9%
December 29, 20235 selling−28.1%−41.9%−46.1%
April 28, 20236 selling+44.2%+42.7%+20.1%
September 30, 20225 buying−29.2%−13.7%+8.3%
April 29, 20224 buying+10.0%−21.3%−34.6%

Colours show whether the crowd was right: green when buyers were followed by a rise above the index, or sellers by a fall below it. Total returns from the month end; past patterns are not a forecast.

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