Braze (NASDAQ:BRZE) CTO Jonathan Hyman Sells 9,413 Shares of Stock

Braze, Inc. (NASDAQ:BRZE) CTO Jonathan Hyman sold 9,413 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $29.99, for a total transaction of $282,295.87. Following the completion of the transaction, the chief technology officer owned 1,195,219 shares of the company’s stock, valued at $35,844,617.81. This represents a 0.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 Thursday, August 13th, Jonathan Hyman sold 35,000 shares of Braze stock. The stock was sold at an average price of $30.03, for a total transaction of $1,051,050.00.
• On Monday, August 10th, Jonathan Hyman sold 10,148 shares of Braze stock. The stock was sold at an average price of $27.27, for a total transaction of $276,735.96.
• 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 Price Performance

Shares of BRZE stock traded up $0.35 during midday trading on Friday, reaching $31.06. 3,314,998 shares of the company traded hands, compared to its average volume of 2,944,995. The firm’s 50 day simple moving average is $24.49 and its two-hundred day simple moving average is $22.24. Braze, Inc. has a 1-year low of $15.26 and a 1-year high of $37.33. The firm has a market cap of $3.50 billion, a PE ratio of -27.73 and a beta of 0.83.

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

Institutional Trading of Braze

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BRZE. Weiss Ratings reissued a “sell (e+)” rating on shares of Braze in a research note on Tuesday, July 7th. Canaccord Genuity Group cut their target price on shares of Braze from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, May 28th. The Goldman Sachs Group set a $34.00 price target on shares of Braze and gave the company a “buy” rating in a report on Wednesday, June 24th. DA Davidson reiterated a “buy” rating and issued a $33.00 price target on shares of Braze in a research report on Thursday, May 28th. Finally, UBS Group reissued an “outperform” rating on shares of Braze in a research note on Thursday, May 28th. One equities research 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $35.06.

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.