Braze (NASDAQ:BRZE) CTO Jonathan Hyman Sells 17,895 Shares

Braze, Inc. (NASDAQ:BRZE) CTO Jonathan Hyman sold 17,895 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $27.03, for a total transaction of $483,701.85. Following the transaction, the chief technology officer owned 1,265,564 shares of the company’s stock, valued at $34,208,194.92. This trade represents a 1.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 Monday, August 10th, Jonathan Hyman sold 10,148 shares of Braze stock. The stock was sold at an average price of $27.27, for a total value of $276,735.96.

Braze Stock Down 1.8%

Braze stock traded down $0.53 during trading hours on Tuesday, hitting $28.22. The stock had a trading volume of 1,494,231 shares, compared to its average volume of 2,963,403. The business’s 50 day simple moving average is $23.50 and its 200-day simple moving average is $21.94. Braze, Inc. has a one year low of $15.26 and a one year high of $37.33. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of -25.20 and a beta of 0.83.

Braze (NASDAQ:BRZE) last released its quarterly earnings data on Wednesday, May 27th. The company reported $0.10 earnings per share (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 company had revenue of $211.00 million during the quarter, compared to the consensus estimate of $205.19 million. During the same quarter in the prior year, the firm posted $0.07 earnings per share. The firm’s 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. Research analysts anticipate that Braze, Inc. will post -0.78 EPS for the current fiscal year.

Institutional Trading of Braze

Large investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Braze by 4.5% during 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 raised its holdings in shares of Braze by 18.8% during the first quarter. Intech Investment Management LLC now owns 40,281 shares of the company’s stock valued at $1,453,000 after purchasing an additional 6,379 shares during the period. Prudential Financial Inc. bought a new position in shares of Braze during the 2nd quarter worth about $272,000. Russell Investments Group Ltd. grew its stake in shares of Braze by 1,353.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 9,619 shares of the company’s stock valued at $270,000 after buying an additional 8,957 shares during the period. Finally, Amundi increased its position in Braze by 8.9% in the 2nd quarter. Amundi now owns 32,581 shares of the company’s stock valued at $918,000 after buying an additional 2,657 shares in the last quarter. Institutional investors and hedge funds own 90.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on BRZE shares. Canaccord Genuity Group lowered their price objective on Braze from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, May 28th. Citizens Jmp restated a “market outperform” rating and set a $35.00 price target on shares of Braze in a report on Thursday, May 28th. BTIG Research restated a “buy” rating and issued a $30.00 price target on shares of Braze in a research report on Tuesday, May 26th. Mizuho reduced their price objective on shares of Braze from $40.00 to $32.00 and set an “outperform” rating on the stock in a research note on Thursday, May 28th. Finally, Piper Sandler reissued an “overweight” rating and set a $27.00 target price on shares of Braze in a research note on Thursday, May 28th. One 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $34.76.

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.