Braze (NASDAQ:BRZE) CTO Sells $282,295.87 in Stock

Braze, Inc. (NASDAQ:BRZE) CTO Jonathan Hyman sold 9,413 shares of Braze stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $29.99, for a total transaction of $282,295.87. Following the completion of the transaction, the chief technology officer directly owned 1,195,219 shares in the company, valued at approximately $35,844,617.81. The trade was a 0.78% decrease in their position. 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 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 shares were sold at an average price of $27.03, for a total value of $483,701.85.

Braze Price Performance

BRZE stock opened at $31.06 on Monday. The firm has a 50 day moving average of $24.68 and a 200 day moving average of $22.31. The stock has a market capitalization of $3.50 billion, a PE ratio of -27.73 and a beta of 0.83. Braze, Inc. has a 52 week low of $15.26 and a 52 week high of $37.33.

Braze (NASDAQ:BRZE) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.10. Braze had a negative net margin of 15.51% and a negative return on equity of 17.52%. The firm had revenue of $211.00 million for the quarter, compared to analyst estimates of $205.19 million. During the same period in the previous year, the company earned $0.07 earnings per share. The business’s quarterly revenue was up 30.2% compared to the same quarter last year. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. On average, equities research analysts expect that Braze, Inc. will post -0.78 earnings per share for the current year.

Institutional Trading of Braze

Several hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Braze by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,224 shares of the company’s stock worth $1,415,000 after acquiring an additional 1,700 shares in the last quarter. Intech Investment Management LLC lifted its holdings in Braze by 18.8% during the 1st quarter. Intech Investment Management LLC now owns 40,281 shares of the company’s stock worth $1,453,000 after buying an additional 6,379 shares during the last quarter. Prudential Financial Inc. purchased a new stake in Braze during the 2nd quarter worth about $272,000. Russell Investments Group Ltd. boosted its position in shares of Braze by 1,353.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 9,619 shares of the company’s stock worth $270,000 after acquiring an additional 8,957 shares in the last quarter. Finally, Amundi boosted its position in shares of Braze by 8.9% during the 2nd quarter. Amundi now owns 32,581 shares of the company’s stock worth $918,000 after acquiring an additional 2,657 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 analysts have recently issued reports on the company. The Goldman Sachs Group set a $34.00 price objective on Braze and gave the company a “buy” rating in a report on Wednesday, June 24th. 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. TD Cowen reaffirmed a “buy” rating on shares of Braze in a research note on Monday, June 15th. Mizuho dropped their price objective on shares of Braze from $40.00 to $32.00 and set an “outperform” rating for the company in a research note on Thursday, May 28th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $27.00 target price on shares of Braze in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Braze presently has a consensus rating of “Moderate Buy” and an average target price of $35.06.

Braze Company Profile

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.