Insider Selling: Braze (NASDAQ:BRZE) CTO Sells 35,000 Shares of Stock

Braze, Inc. (NASDAQ:BRZE) CTO Jonathan Hyman sold 35,000 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $30.03, for a total value of $1,051,050.00. Following the completion of the sale, the chief technology officer owned 1,220,416 shares in the company, valued at $36,649,092.48. The trade was a 2.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 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 traded down $0.94 during trading on Friday, hitting $28.93. 1,770,717 shares of the stock traded hands, compared to its average volume of 2,944,617. The firm’s 50 day moving average is $23.77 and its two-hundred day moving average is $22.02. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of -25.83 and a beta of 0.83. Braze, Inc. has a 1 year low of $15.26 and a 1 year high of $37.33.

Braze (NASDAQ:BRZE) last announced its quarterly earnings results on Wednesday, May 27th. The company reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. Braze had a negative net margin of 15.51% and a negative return on equity of 17.52%. The company had revenue of $211.00 million during the quarter, compared to the consensus estimate of $205.19 million. During the same quarter last year, the firm earned $0.07 earnings per share. The firm’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. As a group, analysts anticipate that Braze, Inc. will post -0.78 EPS for the current fiscal year.

Institutional Trading of Braze

Several large investors have recently modified their holdings of the company. Versant Capital Management Inc increased its position in Braze by 13.3% during the second quarter. Versant Capital Management Inc now owns 4,692 shares of the company’s stock valued at $102,000 after acquiring an additional 552 shares during the last quarter. Arizona State Retirement System boosted its position in Braze by 3.2% in the fourth quarter. Arizona State Retirement System now owns 22,437 shares of the company’s stock worth $769,000 after purchasing an additional 688 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Braze by 7.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 11,080 shares of the company’s stock valued at $315,000 after purchasing an additional 746 shares during the period. NBC Securities Inc. bought a new stake in shares of Braze during the 4th quarter valued at about $27,000. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of 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 purchasing an additional 803 shares during the last quarter. Institutional investors own 90.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BRZE shares. Cantor Fitzgerald restated an “overweight” rating and issued a $38.00 price target on shares of Braze in a research note on Thursday, May 28th. UBS Group reiterated an “outperform” rating on shares of Braze in a report on Thursday, May 28th. Canaccord Genuity Group lowered their target price on shares of Braze from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, May 28th. Mizuho dropped their price target on shares of Braze from $40.00 to $32.00 and set an “outperform” rating on the stock in a report on Thursday, May 28th. Finally, Citizens Jmp reiterated a “market outperform” rating and issued a $35.00 price target on shares of Braze in a research note on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Braze currently has a consensus rating of “Moderate Buy” and a consensus 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.