Braze (NASDAQ:BRZE) Stock: Insider Jonathan Hyman Sells 20,000 Shares

Braze, Inc. (NASDAQ:BRZE) CTO Jonathan Hyman sold 20,000 shares of the stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $45.76, for a total value of $915,200.00. Following the completion of the sale, the chief technology officer directly owned 828,219 shares of the company’s stock, valued at approximately $37,899,301.44. This trade represents a 2.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 Tuesday, October 20th, Jonathan Hyman sold 285,000 shares of Braze stock. The shares were sold at an average price of $45.33, for a total transaction of $12,919,050.00.
• On Thursday, October 15th, Jonathan Hyman sold 10,000 shares of Braze stock. The shares were sold at an average price of $30.04, for a total transaction of $300,400.00.
• On Thursday, August 27th, Jonathan Hyman sold 42,000 shares of Braze stock. The stock was sold at an average price of $32.47, for a total value of $1,363,740.00.
• On Monday, August 24th, Jonathan Hyman sold 10,000 shares of Braze stock. The stock was sold at an average price of $31.04, for a total value 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 transaction 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 transaction of $1,051,050.00.
• On Monday, August 10th, Jonathan Hyman sold 10,148 shares of Braze stock. The shares were 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 Trading Up 0.3%

Shares of BRZE stock opened at $45.79 on Wednesday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.02. The firm has a market cap of $5.20 billion, a P/E ratio of -44.46 and a beta of 0.77. The company has a 50 day moving average of $31.79 and a 200-day moving average of $24.82. Braze, Inc. has a 12-month low of $15.26 and a 12-month high of $45.94.

Braze (NASDAQ:BRZE) last posted its quarterly earnings data on Tuesday, September 8th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.16 by $0.03. Braze had a negative return on equity of 16.11% and a negative net margin of 13.55%. The business had revenue of $227.23 million for the quarter, compared to the consensus estimate of $220.27 million. During the same quarter in the prior year, the business earned $0.15 earnings per share. Braze’s revenue for the quarter was up 26.2% on a year-over-year basis. 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 anticipate that Braze, Inc. will post -0.70 earnings per share for the current year.

Hedge Funds Weigh In On Braze

A number of large investors have recently made changes to their positions in the stock. Fifth Third Bancorp purchased a new stake in Braze during the 1st quarter worth about $27,000. Harbor Investment Advisory LLC bought a new position in Braze in the 2nd quarter worth about $36,000. Integrated Wealth Concepts LLC purchased a new position in Braze during the 2nd quarter valued at about $50,000. Essential Partners LLC grew its holdings in Braze by 109.8% during the 1st quarter. Essential Partners LLC now owns 2,174 shares of the company’s stock valued at $51,000 after buying an additional 1,138 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Braze by 185.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,355 shares of the company’s stock valued at $56,000 after buying an additional 1,531 shares in the last quarter. 90.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BRZE has been the subject of several research reports. Stifel Nicolaus downgraded Braze from a “buy” rating to a “hold” rating and increased their price target for the stock from $35.00 to $47.50 in a research note on Tuesday, October 20th. Oppenheimer cut Braze from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 20th. TD Cowen downgraded shares of Braze from a “buy” rating to a “hold” rating and upped their price objective for the company from $36.00 to $47.50 in a report on Tuesday, October 20th. UBS Group lowered shares of Braze from a “buy” rating to a “hold” rating and set a $47.50 target price for the company. in a research report on Tuesday, October 20th. Finally, Needham & Company LLC lowered shares of Braze from a “buy” rating to a “hold” rating in a research report on Tuesday, October 20th. Five investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price 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.