Jonathan Hyman Sells 42,000 Shares of Braze (NASDAQ:BRZE) Stock

Braze, Inc. (NASDAQ:BRZE) CTO Jonathan Hyman sold 42,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $32.47, for a total transaction of $1,363,740.00. Following the completion of the transaction, the chief technology officer directly owned 1,143,219 shares of the company’s stock, valued at approximately $37,120,320.93. This trade represents a 3.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, August 24th, Jonathan Hyman sold 10,000 shares of Braze stock. The shares were sold at an average price of $31.04, for a total transaction of $310,400.00.
• On Wednesday, August 19th, Jonathan Hyman sold 9,413 shares of Braze stock. The stock was sold at an average price of $29.99, for a total value of $282,295.87.
• On Thursday, August 13th, Jonathan Hyman sold 35,000 shares of Braze stock. The shares were sold at an average price of $30.03, for a total value 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 value of $276,735.96.
• On Friday, August 7th, Jonathan Hyman sold 17,895 shares of Braze stock. The stock was sold at an average price of $27.03, for a total value of $483,701.85.

Braze Stock Up 1.3%

BRZE stock opened at $34.53 on Friday. The stock has a 50-day simple moving average of $25.85 and a two-hundred day simple moving average of $22.77. Braze, Inc. has a twelve month low of $15.26 and a twelve month high of $37.33. The firm has a market capitalization of $3.89 billion, a PE ratio of -30.83 and a beta of 0.83.

Braze (NASDAQ:BRZE) last announced its quarterly earnings results on Wednesday, May 27th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.10. The firm had revenue of $211.00 million for the quarter, compared to the consensus estimate of $205.19 million. Braze had a negative net margin of 15.51% and a negative return on equity of 17.52%. The company’s revenue for the quarter was up 30.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.07 earnings per share. On average, equities research analysts anticipate that Braze, Inc. will post -0.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BRZE. Citigroup reduced their price target on shares of Braze from $49.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, May 29th. Mizuho dropped their price objective on Braze from $40.00 to $32.00 and set an “outperform” rating for the company in a research note on Thursday, May 28th. Piper Sandler restated an “overweight” rating and set a $27.00 target price on shares of Braze in a research report on Thursday, May 28th. DA Davidson restated a “buy” rating and issued a $33.00 target price on shares of Braze in a research note on Thursday, May 28th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Braze in a report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Braze currently has an average rating of “Moderate Buy” and a consensus target price of $35.76.

Institutional Trading of Braze

Hedge funds and other institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System raised its stake in shares of Braze by 1,832.1% during the second quarter. California State Teachers Retirement System now owns 2,019,361 shares of the company’s stock worth $43,800,000 after acquiring an additional 1,914,845 shares in the last quarter. Alyeska Investment Group L.P. boosted its stake in shares of Braze by 592.4% in the 4th quarter. Alyeska Investment Group L.P. now owns 2,105,024 shares of the company’s stock valued at $72,181,000 after purchasing an additional 1,801,019 shares in the last quarter. UBS Group AG grew its holdings in shares of Braze by 421.1% during the 3rd quarter. UBS Group AG now owns 1,279,678 shares of the company’s stock valued at $36,394,000 after purchasing an additional 1,034,087 shares during the last quarter. Battery Management CORP. grew its holdings in shares of Braze by 70.2% during the 3rd quarter. Battery Management CORP. now owns 2,425,000 shares of the company’s stock valued at $68,967,000 after purchasing an additional 1,000,000 shares during the last quarter. Finally, Bank of America Corp DE raised its position in Braze by 238.2% in the 3rd quarter. Bank of America Corp DE now owns 1,351,227 shares of the company’s stock worth $38,429,000 after purchasing an additional 951,674 shares during the period. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Braze News Summary

Here are the key news stories impacting Braze this week:

• Positive Sentiment: Oppenheimer raised its price target to $36 from $30 and maintained an “outperform” rating, citing improving AI momentum. The new target implies additional upside from recent trading levels. Oppenheimer raises Braze price target
• Positive Sentiment: Recent earnings momentum remains supportive. Braze reported quarterly revenue of $211 million, above the $205.2 million consensus estimate, with revenue up 30.2% year over year. Coverage also highlighted a quarterly earnings beat and raised guidance, reinforcing the growth narrative. Braze earnings beat and raised guidance
• Positive Sentiment: Analyst sentiment is broadly favorable. Braze has attracted positive coverage focused on its AI opportunity, and the stock’s consensus rating is “Moderate Buy,” with an average price target near $35.06. Braze AI momentum builds
• Neutral Sentiment: Analysts have differing views on Braze’s longer-term outlook, particularly regarding growth expectations in the second half of fiscal 2027. This could limit enthusiasm despite the favorable near-term AI narrative. Analysts have conflicting sentiments on Braze
• Negative Sentiment: CTO Jonathan Hyman sold 42,000 shares for approximately $1.36 million on August 27, following a 10,000-share sale earlier in the week and several other August sales. The transactions were conducted under a pre-arranged Rule 10b5-1 plan, reducing their signaling value, but the repeated selling may still weigh on sentiment. Braze CTO insider sale filing

Braze Company Profile

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.