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Insider Cluster (2 insiders) ·Filed Aug 12, 2026

BRZE

Braze, Inc.
NEUTRAL
Impact 4/10
Horizondays Processed2mo ago
Insider cluster: 2 insiders, $1.2M total
Actionable Insight • Neutral

The cluster is small relative to market cap, but the simultaneous C-suite selling is a mild negative signal. Monitor for any upcoming earnings or material news that could explain the timing.

DirectionNeutral
Confidencemedium
Horizondays
Latest settled — T+20d
BRZE ▼ -19.85% at T+20d
NEUTRAL call -19.85% · α vs SPY -18.11% · entry $29.87 → $23.94
Next anchor: T+60d in 9d
Latest observation: T+50 +20.21% FF3 residual α
Entry = T+0 close
Aug 12, 2026
via day close
T+1d
-3.15%
call -3.15% · α -2.95%
$28.93
settled 3mo ago
T+5d
+2.81%
call +2.81% · α +4.78%
$30.71
settled 2mo ago
T+20d
-19.85%
call -19.85% · α -18.11%
$23.94
settled 7w ago
T+60d
Pending
in 9d

Price Chart

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Executive Summary

Two C-suite insiders at Braze (CTO and CBO) sold a combined $1.21M in open-market sales over a 7-day window, with the CBO alone accounting for $931K. While the total value is modest relative to the $3.5B market cap (~0.03%), the cluster involves two senior executives selling simultaneously, which warrants attention.

Key Financial Metrics

Direction
selling
Total Value
$1.2M
Insiders
2

Key Facts

  • CTO Jonathan Hyman sold 28,043 shares total ($760K) on Aug 7 and Aug 10
  • CBO Astha Malik sold 33,656 shares ($931K) on Aug 10
  • Total insider sales of $1.21M represent ~0.03% of Braze's $3.5B market cap
  • No 10b5-1 plan disclosure or regular pattern evident in the cluster window

Financial Impact

Insider sales of $1.21M, or ~0.03% of market cap

insider ownership

Risk Factors

  • Insider sales could signal lack of confidence ahead of upcoming earnings or product news
  • No 10b5-1 plan disclosed — sales may be opportunistic

Market Snapshot

Exchange
Nasdaq
Sector
Services-Prepackaged Software
Analyst Consensus
96% bullish (27 analysts)

Investment Themes

Software & IT

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-BRZE-1786611995575
17 reports for BRZE
Performance horizon
86% Hit rate @ T+1 6 of 7 directional calls Went positive at some point 7 of 7 best @ T+60▲ +32.96%May 27, 2026
Filters
Rows
Reports for BRZE — sortable, filterable
TypeNow
Oct 21, 2026
6d ago
DEFA14A
NEUTRAL ★ 4/10
$45.86 $45.88▲ +0.04%▲ +0.57%$45.78 (−0.17%)
Oct 20, 2026
7d ago
DEFA14A
BULLISH ★ 8/10
$45.68 $45.86▲ +0.39%▲ +1.57%$45.78 (+0.22%)
Oct 20, 2026
7d ago
DEFA14A
BULLISH ★ 7/10
$45.57 $45.68▲ +0.24%▼ −0.28%$45.78 (+0.46%)
Oct 20, 2026
7d ago
8-K
BULLISH ★ 7/10
$45.57 $45.68▲ +0.24%▼ −0.28%$45.78 (+0.46%)
Oct 16, 2026
11d ago
SC 13G/A
NEUTRAL ★ 3/10
$30.04 $45.57▲ +51.70%▲ +51.36%$45.78 (+52.40%)
Aug 28, 2026
8w ago
Insider Cluster
BEARISH ★ 4/10
$34.04 $32.78▲ +3.70%▲ +3.01%$45.78 (−34.49%)
Aug 26, 2026
8w ago
Insider Cluster
NEUTRAL ★ 2/10
$34.09 $34.53▲ +1.29%▲ +1.52%$45.78 (+34.29%)
Aug 21, 2026
9w ago
Insider Cluster
NEUTRAL ★ 3/10
$31.44 $30.80▼ −2.04%▼ −2.36%$45.78 (+45.61%)
Aug 14, 2026
10w ago
Insider Cluster
NEUTRAL ★ 3/10
$27.95 $29.12▲ +4.19%▲ +4.86%$45.78 (+63.79%)
Aug 14, 2026
10w ago
Insider Cluster
NEUTRAL ★ 2/10
$27.95 $29.12▲ +4.19%▲ +4.86%$45.78 (+63.79%)
Showing 10 of 17

US Market Status

Market Closed — Opens Wed (15h 47m)

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Report published Aug 13, 2026