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 firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $29.99, for a total transaction of $282,295.87. Following the transaction, the chief technology officer directly 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 SEC, which is accessible 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 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 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 shares were sold at an average price of $27.03, for a total value of $483,701.85.

Braze Trading Up 1.1%

Braze stock opened at $31.06 on Friday. Braze, Inc. has a 12 month low of $15.26 and a 12 month high of $37.33. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of -27.73 and a beta of 0.83. The business’s fifty day simple moving average is $24.68 and its two-hundred day simple moving average is $22.30.

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

Analyst Upgrades and Downgrades

BRZE has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Braze in a report on Tuesday, July 7th. BTIG Research raised their price target on shares of Braze from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Piper Sandler restated an “overweight” rating and issued a $27.00 price objective on shares of Braze in a report on Thursday, May 28th. DA Davidson reiterated a “buy” rating and set a $33.00 target price on shares of Braze in a research note on Thursday, May 28th. Finally, UBS Group reissued an “outperform” rating on shares of Braze in a report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Braze has a consensus rating of “Moderate Buy” and an average target price of $35.06.

Institutional Investors Weigh In On Braze

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

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.