Insider Selling: Braze (NASDAQ:BRZE) CTO Sells $915,200.00 in Stock

Braze, Inc. (NASDAQ:BRZE) CTO Jonathan Hyman sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $45.76, for a total transaction of $915,200.00. Following the completion of the transaction, the chief technology officer owned 828,219 shares in the company, valued at approximately $37,899,301.44. This trade represents a 2.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 transaction 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 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 stock was 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 Stock Performance

NASDAQ BRZE opened at $46.10 on Thursday. Braze, Inc. has a 52-week low of $15.26 and a 52-week high of $46.15. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.27 and a current ratio of 1.27. The company has a market capitalization of $5.24 billion, a P/E ratio of -44.76 and a beta of 0.77. The company has a fifty day moving average of $32.09 and a 200-day moving average of $24.92.

Braze (NASDAQ:BRZE) last announced its earnings results on Tuesday, September 8th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.03. The company had revenue of $227.23 million during 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%. The firm’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same period in the previous 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. As a group, equities research analysts predict that Braze, Inc. will post -0.70 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on BRZE shares. Mizuho set a $47.50 price objective on Braze in a research report on Wednesday, October 21st. Oppenheimer downgraded Braze from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 20th. JPMorgan Chase & Co. dropped their target price on Braze from $35.00 to $34.00 and set an “overweight” rating for the company in a research report on Wednesday, September 9th. Needham & Company LLC lowered Braze from a “buy” rating to a “hold” rating in a research note on Tuesday, October 20th. Finally, Citizens Jmp reiterated a “market outperform” rating and set a $35.00 price target on shares of Braze in a research report on Monday, October 5th. Five analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Braze currently has a consensus rating of “Hold” and a consensus target price of $43.95.

Institutional Trading of Braze

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

About Braze

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.