Jonathan Hyman Sells 10,148 Shares of Braze (NASDAQ:BRZE) Stock

Braze, Inc. (NASDAQ:BRZE) CTO Jonathan Hyman sold 10,148 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $27.27, for a total transaction of $276,735.96. Following the transaction, the chief technology officer directly owned 1,255,416 shares in the company, valued at approximately $34,235,194.32. This represents a 0.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 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 Stock Performance

Shares of Braze stock opened at $27.68 on Thursday. The stock has a 50 day moving average price of $23.64 and a two-hundred day moving average price of $21.98. Braze, Inc. has a 52 week low of $15.26 and a 52 week high of $37.33. The stock has a market capitalization of $3.12 billion, a PE ratio of -24.71 and a beta of 0.83.

Braze (NASDAQ:BRZE) last released its quarterly earnings results on Wednesday, May 27th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. The business 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.07 EPS. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. Research analysts forecast that Braze, Inc. will post -0.78 EPS for the current year.

Analysts Set New Price Targets

BRZE has been the topic of a number of recent analyst reports. Canaccord Genuity Group lowered their target price on Braze from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, May 28th. Piper Sandler reiterated an “overweight” rating and issued a $27.00 price target on shares of Braze in a research report on Thursday, May 28th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $38.00 target price on shares of Braze in a report on Thursday, May 28th. Stifel Nicolaus set a $30.00 price target on shares of Braze in a research note on Thursday, May 28th. Finally, UBS Group reaffirmed an “outperform” rating on shares of Braze in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Braze presently has an average rating of “Moderate Buy” and an average price target of $34.76.

Institutional Trading of Braze

Several large investors have recently modified their holdings of BRZE. NBC Securities Inc. purchased a new stake in shares of Braze in the fourth quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Braze by 3,650.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company’s stock worth $28,000 after buying an additional 803 shares during the last quarter. Fifth Third Bancorp purchased a new position in Braze in the first quarter valued at about $27,000. Kemnay Advisory Services Inc. purchased a new position in Braze in the fourth quarter valued at approximately $52,000. Finally, Osaic Holdings Inc. grew its stake in shares of Braze by 821.1% during the 2nd quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock worth $44,000 after acquiring an additional 1,404 shares during the period. 90.47% of the stock is owned by 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.