Braze (NASDAQ:BRZE) CTO Sells $12,919,050.00 in Stock

Braze, Inc. (NASDAQ:BRZE) CTO Jonathan Hyman sold 285,000 shares of the firm’s stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $45.33, for a total value of $12,919,050.00. Following the sale, the chief technology officer owned 848,219 shares of the company’s stock, valued at $38,449,767.27. This represents a 25.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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, October 15th, Jonathan Hyman sold 10,000 shares of Braze stock. The stock was sold at an average price of $30.04, for a total value of $300,400.00.
• On Thursday, August 27th, Jonathan Hyman sold 42,000 shares of Braze stock. The shares were sold at an average price of $32.47, for a total transaction of $1,363,740.00.
• 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 transaction of $483,701.85.

Braze Stock Performance

Braze stock traded up $0.18 during mid-day trading on Thursday, reaching $45.86. The company’s stock had a trading volume of 9,166,189 shares, compared to its average volume of 3,278,701. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.02. Braze, Inc. has a twelve month low of $15.26 and a twelve month high of $45.95. The business has a 50 day moving average price of $28.98 and a 200-day moving average price of $25.24. The firm has a market cap of $5.21 billion, a price-to-earnings ratio of -44.52 and a beta of 0.91.

Braze (NASDAQ:BRZE) last released its quarterly earnings data on Tuesday, September 8th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. The firm had revenue of $227.23 million for the quarter, compared to analyst estimates of $220.27 million. Braze had a negative net margin of 13.55% and a negative return on equity of 16.11%. Braze’s quarterly revenue was up 26.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.15 earnings per share. Braze has set its FY 2027 guidance at 0.640-0.650 EPS and its Q3 2027 guidance at 0.130-0.140 EPS. Sell-side analysts predict that Braze, Inc. will post -0.70 EPS for the current fiscal year.

Key Stories Impacting Braze

Here are the key news stories impacting Braze this week:

• Positive Sentiment: Salesforce acquisition establishes a $47.50 valuation. Salesforce agreed to acquire Braze in an all-cash transaction valued at approximately $5.66 billion, representing roughly a 58% premium to Braze’s prior closing price. The transaction is expected to strengthen Salesforce’s marketing technology and AI-related data capabilities. Completion remains subject to shareholder approval, antitrust review and other conditions. Salesforce Fuels AI Engine With $5.66B Braze Buyout
• Positive Sentiment: Strategic rationale received support. UBS characterized the transaction as a solid strategic fit at a reasonable price, citing Braze’s faster-growing customer-engagement platform as a potential addition to Salesforce’s portfolio. Salesforce’s Braze Deal Wins UBS Backing
• Positive Sentiment: Options activity indicates bullish interest. Traders purchased an unusually high volume of Braze call options, suggesting some market participants are positioning for the stock to reach or exceed the proposed transaction price. Stock Traders Buy High Volume of Braze Call Options
• Neutral Sentiment: Upside is now largely tied to deal completion. A recent analysis argued that Braze still appeared undervalued after its major rally, but the stock’s proximity to the $47.50 offer price leaves limited immediate upside unless Salesforce raises its bid or another offer emerges. Braze Stock Still Looks Undervalued Following Its 80% Run
• Negative Sentiment: Analyst downgrades reflect limited upside. DA Davidson cut Braze to “hold,” while Citigroup moved to “neutral.” Both firms set price targets of $47.50, indicating that the stock is close to fair value under the announced deal.
• Negative Sentiment: Deal-related investigations could add uncertainty. Kahn Swick & Foti and Amparo Investor Rights are reviewing whether the purchase price and sale process adequately protect shareholders. Such inquiries may delay or complicate the transaction, although they do not currently change the announced terms. Braze Investor Alert

Institutional Trading of Braze

Institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company grew its stake in Braze by 30.4% in the first quarter. The Manufacturers Life Insurance Company now owns 1,885,577 shares of the company’s stock valued at $44,518,000 after purchasing an additional 439,513 shares in the last quarter. Stephens Investment Management Group LLC lifted its stake in shares of Braze by 11.2% in the first quarter. Stephens Investment Management Group LLC now owns 1,370,986 shares of the company’s stock worth $32,369,000 after buying an additional 137,843 shares during the last quarter. Dimensional Fund Advisors LP acquired a new stake in shares of Braze in the first quarter worth $14,294,000. Glenmede Trust Co. NA lifted its stake in shares of Braze by 36.5% in the first quarter. Glenmede Trust Co. NA now owns 538,845 shares of the company’s stock worth $12,722,000 after buying an additional 144,176 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Braze by 24.0% during the 1st quarter. Bank of New York Mellon Corp now owns 530,231 shares of the company’s stock worth $12,519,000 after buying an additional 102,571 shares during the period. 90.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on BRZE shares. Stephens lowered Braze from an “overweight” rating to a “buy” rating and boosted their price target for the stock from $34.00 to $47.50 in a research report on Wednesday. Canaccord Genuity Group set a $47.50 target price on shares of Braze in a report on Tuesday. Wells Fargo & Company lowered shares of Braze from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $45.00 to $47.50 in a research report on Tuesday. BTIG Research cut Braze from a “buy” rating to a “neutral” rating in a report on Tuesday. Finally, Citizens Jmp reiterated a “market outperform” rating and set a $35.00 price objective on shares of Braze in a research report on Monday, October 5th. Seven research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $43.95.

Braze Company Profile

Braze, Inc is a customer engagement software company that provides a platform for businesses to build, manage and measure personalized interactions with consumers. Its technology is designed to help brands communicate with customers across digital channels, including mobile applications, websites, email, SMS and messaging services.

The Braze platform supports customer data collection and segmentation, campaign creation, journey orchestration, experimentation and engagement analytics. Its capabilities include in-app and web messaging, push notifications, email marketing, content personalization and automated lifecycle campaigns.