Jonathan Hyman Sells 17,895 Shares of Braze (NASDAQ:BRZE) Stock

Braze, Inc. (NASDAQ:BRZE) CTO Jonathan Hyman sold 17,895 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $27.03, for a total value of $483,701.85. Following the transaction, the chief technology officer owned 1,265,564 shares in the company, valued at $34,208,194.92. The trade was a 1.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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 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.

Braze Price Performance

BRZE opened at $27.68 on Thursday. Braze, Inc. has a 12 month low of $15.26 and a 12 month high of $37.33. The stock has a market capitalization of $3.12 billion, a P/E ratio of -24.71 and a beta of 0.83. The business has a 50 day simple moving average of $23.64 and a 200-day simple moving average of $21.98.

Braze (NASDAQ:BRZE) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $205.19 million. Braze had a negative return on equity of 17.52% and a negative net margin of 15.51%.Braze’s quarterly revenue was up 30.2% on a year-over-year basis. During the same quarter in the prior year, the company 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 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently commented on BRZE shares. BTIG Research reissued a “buy” rating and set a $30.00 price objective on shares of Braze in a report on Tuesday, May 26th. The Goldman Sachs Group set a $34.00 target price on shares of Braze and gave the company a “buy” rating in a report on Wednesday, June 24th. DA Davidson reissued a “buy” rating and set a $33.00 price target on shares of Braze in a research note on Thursday, May 28th. Canaccord Genuity Group decreased their price target on Braze from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, May 28th. Finally, Citizens Jmp restated a “market outperform” rating and issued a $35.00 price target on shares of Braze in a report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Braze has an average rating of “Moderate Buy” and a consensus target price of $34.76.

Institutional Trading of Braze

Large investors have recently modified their holdings of the business. Versant Capital Management Inc lifted its holdings in shares of Braze by 13.3% during the 2nd quarter. Versant Capital Management Inc now owns 4,692 shares of the company’s stock worth $102,000 after acquiring an additional 552 shares during the period. Arizona State Retirement System raised its stake in Braze by 3.2% during the fourth quarter. Arizona State Retirement System now owns 22,437 shares of the company’s stock worth $769,000 after purchasing an additional 688 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Braze by 7.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 11,080 shares of the company’s stock valued at $315,000 after purchasing an additional 746 shares during the last quarter. NBC Securities Inc. purchased a new stake in shares of Braze during the 4th quarter valued at $27,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of Braze by 3,650.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company’s stock valued at $28,000 after buying an additional 803 shares during the period. 90.47% of the stock is currently owned by institutional investors and hedge funds.

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.