Braze (NASDAQ:BRZE) CTO Jonathan Hyman Sells 42,000 Shares

Braze, Inc. (NASDAQ:BRZE) CTO Jonathan Hyman sold 42,000 shares of Braze stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $32.47, for a total transaction of $1,363,740.00. Following the completion of the sale, the chief technology officer directly owned 1,143,219 shares in the company, valued at approximately $37,120,320.93. The trade was a 3.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 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 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 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 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 value of $483,701.85.

Braze Trading Up 1.3%

Shares of BRZE stock opened at $34.53 on Friday. The company has a market cap of $3.89 billion, a price-to-earnings ratio of -30.83 and a beta of 0.83. The stock has a 50 day simple moving average of $25.85 and a 200-day simple moving average of $22.77. Braze, Inc. has a 12-month low of $15.26 and a 12-month high of $37.33.

Braze (NASDAQ:BRZE) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $0.10 EPS 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 business had revenue of $211.00 million during the quarter, compared to analysts’ expectations of $205.19 million. During the same period last year, the firm earned $0.07 EPS. The company’s quarterly revenue was up 30.2% compared to the same quarter last year. On average, equities analysts forecast that Braze, Inc. will post -0.78 earnings per share for the current fiscal year.

Key Braze News

Here are the key news stories impacting Braze this week:

• Positive Sentiment: Oppenheimer raised its price target to $36 from $30 and maintained an “outperform” rating, citing improving AI momentum. The new target implies additional upside from recent trading levels. Oppenheimer raises Braze price target
• Positive Sentiment: Recent earnings momentum remains supportive. Braze reported quarterly revenue of $211 million, above the $205.2 million consensus estimate, with revenue up 30.2% year over year. Coverage also highlighted a quarterly earnings beat and raised guidance, reinforcing the growth narrative. Braze earnings beat and raised guidance
• Positive Sentiment: Analyst sentiment is broadly favorable. Braze has attracted positive coverage focused on its AI opportunity, and the stock’s consensus rating is “Moderate Buy,” with an average price target near $35.06. Braze AI momentum builds
• Neutral Sentiment: Analysts have differing views on Braze’s longer-term outlook, particularly regarding growth expectations in the second half of fiscal 2027. This could limit enthusiasm despite the favorable near-term AI narrative. Analysts have conflicting sentiments on Braze
• Negative Sentiment: CTO Jonathan Hyman sold 42,000 shares for approximately $1.36 million on August 27, following a 10,000-share sale earlier in the week and several other August sales. The transactions were conducted under a pre-arranged Rule 10b5-1 plan, reducing their signaling value, but the repeated selling may still weigh on sentiment. Braze CTO insider sale filing

Institutional Trading of Braze

Large investors have recently bought and sold shares of the company. Versant Capital Management Inc increased its position in shares of Braze by 13.3% in the second quarter. Versant Capital Management Inc now owns 4,692 shares of the company’s stock valued at $102,000 after buying an additional 552 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Braze by 3.2% in the 4th quarter. Arizona State Retirement System now owns 22,437 shares of the company’s stock worth $769,000 after buying an additional 688 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Braze by 7.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 11,080 shares of the company’s stock worth $315,000 after buying an additional 746 shares in the last quarter. NBC Securities Inc. acquired a new stake in Braze in the 4th quarter valued at about $27,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in Braze by 3,650.0% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 90.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on BRZE shares. Mizuho decreased their target price on shares of Braze from $40.00 to $32.00 and set an “outperform” rating on the stock in a research report on Thursday, May 28th. Citigroup cut their price target on shares of Braze from $49.00 to $48.00 and set a “buy” rating for the company in a report on Friday, May 29th. TD Cowen raised their price objective on shares of Braze from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of Braze from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. Finally, Stifel Nicolaus set a $30.00 target price on shares of Braze in a research report 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $35.76.

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.