Braze (NASDAQ:BRZE) CTO Sells $260,778.96 in Stock

Braze, Inc. (NASDAQ:BRZE) CTO Jonathan Hyman sold 9,789 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $26.64, for a total value of $260,778.96. Following the sale, the chief technology officer directly owned 195,317 shares in the company, valued at approximately $5,203,244.88. The trade was a 4.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Braze Stock Down 0.8%

NASDAQ BRZE traded down $0.22 on Thursday, reaching $27.00. 1,138,619 shares of the stock traded hands, compared to its average volume of 1,537,394. The firm’s fifty day simple moving average is $28.71 and its 200 day simple moving average is $29.25. The company has a market cap of $3.00 billion, a price-to-earnings ratio of -25.96 and a beta of 1.10. Braze, Inc. has a 12 month low of $23.91 and a 12 month high of $48.33.

Braze (NASDAQ:BRZE) last posted its quarterly earnings data on Thursday, September 4th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.25). Braze had a negative return on equity of 17.97% and a negative net margin of 16.62%.The firm had revenue of $180.11 million during the quarter, compared to the consensus estimate of $171.63 million. During the same period in the prior year, the firm posted $0.09 EPS. The firm’s quarterly revenue was up 23.8% on a year-over-year basis. Braze has set its FY 2026 guidance at 0.410-0.420 EPS. Q3 2026 guidance at 0.060-0.070 EPS. As a group, equities research analysts forecast that Braze, Inc. will post -0.98 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BRZE. UBS Group cut their price target on shares of Braze from $48.00 to $43.00 and set a “buy” rating for the company in a report on Friday, September 5th. Mizuho boosted their target price on shares of Braze from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, September 5th. Citigroup raised their target price on shares of Braze from $50.00 to $52.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Weiss Ratings restated a “sell (e+)” rating on shares of Braze in a research report on Wednesday, October 8th. Finally, William Blair reaffirmed an “outperform” rating on shares of Braze in a report on Wednesday, October 1st. Nineteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.11.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Quarry LP lifted its position in shares of Braze by 296.0% in the 1st quarter. Quarry LP now owns 796 shares of the company’s stock valued at $29,000 after acquiring an additional 595 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Braze during the 1st quarter worth approximately $36,000. SBI Securities Co. Ltd. grew its position in Braze by 173.3% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,372 shares of the company’s stock worth $39,000 after purchasing an additional 870 shares in the last quarter. Osaic Holdings Inc. raised its stake in Braze by 821.1% during the 2nd quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock valued at $44,000 after purchasing an additional 1,404 shares during the period. Finally, Clearstead Advisors LLC lifted its holdings in shares of Braze by 58.2% in the third quarter. Clearstead Advisors LLC now owns 1,685 shares of the company’s stock valued at $48,000 after purchasing an additional 620 shares in the last quarter. 90.47% of the stock is owned by hedge funds and other institutional investors.

About Braze

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.