Braze, Inc. (NASDAQ:BRZE) CTO Jonathan Hyman Sells 1,000 Shares of Stock

Braze, Inc. (NASDAQ:BRZE) CTO Jonathan Hyman sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $42.44, for a total transaction of $42,440.00. Following the transaction, the chief technology officer now directly owns 183,258 shares of the company’s stock, valued at approximately $7,777,469.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jonathan Hyman also recently made the following trade(s):

• On Friday, February 16th, Jonathan Hyman sold 3,730 shares of Braze stock. The shares were sold at an average price of $57.51, for a total transaction of $214,512.30.

Braze Price Performance

Shares of Braze stock opened at $42.08 on Wednesday. Braze, Inc. has a 1-year low of $27.98 and a 1-year high of $61.53. The business has a 50-day moving average of $46.48 and a 200-day moving average of $50.37. The company has a market capitalization of $4.24 billion, a PE ratio of -31.64 and a beta of 1.13.

Braze (NASDAQ:BRZE) last announced its earnings results on Wednesday, March 27th. The company reported ($0.29) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.02. Braze had a negative return on equity of 28.24% and a negative net margin of 27.44%. The company had revenue of $130.96 million for the quarter, compared to analyst estimates of $124.55 million. On average, equities analysts expect that Braze, Inc. will post -1.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Braze

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Fred Alger Management LLC bought a new stake in Braze in the third quarter valued at about $29,000. BluePath Capital Management LLC bought a new stake in shares of Braze in the 3rd quarter valued at approximately $31,000. Neo Ivy Capital Management acquired a new stake in shares of Braze during the 4th quarter valued at approximately $40,000. Canton Hathaway LLC bought a new position in Braze during the fourth quarter worth $42,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in Braze in the third quarter worth $61,000. Institutional investors own 90.47% of the company’s stock.

Wall Street Analyst Weigh In

BRZE has been the topic of a number of research analyst reports. UBS Group upgraded Braze from a “neutral” rating to a “buy” rating and set a $62.00 target price on the stock in a report on Thursday, March 21st. Wells Fargo & Company reduced their price objective on Braze from $75.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, April 29th. Scotiabank decreased their target price on Braze from $65.00 to $58.00 and set a “sector perform” rating for the company in a report on Thursday, March 28th. Needham & Company LLC restated a “buy” rating and issued a $70.00 price target on shares of Braze in a report on Thursday, March 28th. Finally, Canaccord Genuity Group decreased their price objective on shares of Braze from $65.00 to $50.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $64.12.

Braze Company Profile

Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. The company offers Braze software development kits that automatically manage data ingestion and deliver mobile and web notifications, in-application/in-browser interstitial messages, and content cards; REST API that can be used to import or export data or to trigger workflows between Braze and brands' existing technology stacks; Partner Data Integrations, which allow brands to sync user cohorts from partners; Data Transformation, in which brands can programmatically sync and transform user data; and Braze Cloud Data Ingestion that enables brands to harness their customer data.