Braze (NASDAQ:BRZE) CTO Jonathan Hyman Sells 10,148 Shares of Stock

Braze, Inc. (NASDAQ:BRZE) CTO Jonathan Hyman sold 10,148 shares of Braze stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $27.27, for a total value of $276,735.96. Following the transaction, the chief technology officer directly owned 1,255,416 shares in the company, valued at approximately $34,235,194.32. The trade was a 0.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jonathan Hyman also recently made the following trade(s):

• On Friday, August 7th, Jonathan Hyman sold 17,895 shares of Braze stock. The shares were sold at an average price of $27.03, for a total transaction of $483,701.85.

Braze Trading Down 1.8%

Shares of NASDAQ BRZE traded down $0.53 during midday trading on Tuesday, reaching $28.22. The company’s stock had a trading volume of 1,494,231 shares, compared to its average volume of 2,963,403. Braze, Inc. has a one year low of $15.26 and a one year high of $37.33. The company has a market cap of $3.18 billion, a price-to-earnings ratio of -25.20 and a beta of 0.83. The company has a 50 day moving average price of $23.50 and a 200 day moving average price of $21.94.

Braze (NASDAQ:BRZE) last issued its earnings results on Wednesday, May 27th. The company reported $0.10 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.10. The firm had revenue of $211.00 million during the quarter, compared to analysts’ expectations of $205.19 million. Braze had a negative net margin of 15.51% and a negative return on equity of 17.52%. The firm’s revenue for the quarter was up 30.2% compared to the same quarter last year. During the same period last year, the firm posted $0.07 earnings per share. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. Research analysts anticipate that Braze, Inc. will post -0.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BRZE has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on Braze from $33.00 to $35.00 and gave the company an “overweight” rating in a research report on Monday, July 6th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $38.00 target price on shares of Braze in a report on Thursday, May 28th. Weiss Ratings restated a “sell (e+)” rating on shares of Braze in a research report on Tuesday, July 7th. TD Cowen reiterated a “buy” rating on shares of Braze in a report on Monday, June 15th. Finally, The Goldman Sachs Group set a $34.00 price objective on shares of Braze and gave the company a “buy” rating in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $34.76.

Hedge Funds Weigh In On Braze

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NBC Securities Inc. bought a new stake in Braze in the fourth quarter worth approximately $27,000. Fifth Third Bancorp bought a new position in shares of Braze during the 1st quarter valued at $27,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Braze by 3,650.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company’s stock valued at $28,000 after purchasing an additional 803 shares during the last quarter. Harbor Investment Advisory LLC acquired a new stake in shares of Braze in the 2nd quarter valued at $36,000. Finally, Osaic Holdings Inc. boosted its holdings in Braze by 821.1% in the second quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock worth $44,000 after purchasing an additional 1,404 shares in the last quarter. Institutional investors own 90.47% of the company’s stock.

About Braze

Braze, Inc is a publicly traded software company (NASDAQ: BRZE) that offers a customer engagement platform designed to help brands build personalized relationships with their users. Founded in 2011 as Appboy by Bill Magnuson, Jon Hyman and Mark Ghermezian, the company adopted the Braze name in 2017 to underscore its focus on fostering strong connections between businesses and consumers. Its cloud-based platform consolidates messaging channels including push notifications, in-app messages, email and SMS, enabling companies to deliver timely, context-driven communications at scale.

The core functionality of Braze’s platform centers on data-driven segmentation, customer journey orchestration and real-time analytics.