Braze (NASDAQ:BRZE) CTO Jonathan Hyman Sells 35,000 Shares

Braze, Inc. (NASDAQ:BRZE) CTO Jonathan Hyman sold 35,000 shares of Braze stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $30.03, for a total transaction of $1,051,050.00. Following the transaction, the chief technology officer owned 1,220,416 shares of the company’s stock, valued at $36,649,092.48. This represents a 2.79% decrease in their ownership of the stock. The sale was disclosed in a legal 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 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 Stock Performance

BRZE stock opened at $28.93 on Friday. The company has a market capitalization of $3.26 billion, a P/E ratio of -25.83 and a beta of 0.83. Braze, Inc. has a 52-week low of $15.26 and a 52-week high of $37.33. The business has a 50-day simple moving average of $23.89 and a two-hundred day simple moving average of $22.06.

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

Institutional Investors Weigh In On Braze

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Braze by 10.0% in the fourth quarter. Vanguard Group Inc. now owns 9,851,050 shares of the company’s stock valued at $337,793,000 after acquiring an additional 892,635 shares during the last quarter. Dana Investment Advisors Inc. bought a new position in Braze during the fourth quarter valued at approximately $1,980,000. Stephens Investment Management Group LLC lifted its holdings in shares of Braze by 8.7% in the 4th quarter. Stephens Investment Management Group LLC now owns 1,233,143 shares of the company’s stock worth $42,284,000 after acquiring an additional 98,854 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Braze by 232,716.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 100,111 shares of the company’s stock worth $3,433,000 after acquiring an additional 100,068 shares during the last quarter. Finally, Dimensional Fund Advisors LP purchased a new stake in shares of Braze in the 1st quarter valued at $14,294,000. 90.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BRZE has been the topic of a number of analyst reports. BTIG Research lifted their price objective on shares of Braze from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Friday. Citizens Jmp reaffirmed a “market outperform” rating and issued a $35.00 price objective on shares of Braze in a research report on Thursday, May 28th. Citigroup dropped their target price on shares of Braze from $49.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, May 29th. The Goldman Sachs Group set a $34.00 price target on Braze and gave the company a “buy” rating in a research report on Wednesday, June 24th. Finally, Piper Sandler reiterated an “overweight” rating and set a $27.00 price target on shares of Braze in a report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.