Jonathan Hyman Sells 10,148 Shares of Braze (NASDAQ:BRZE) Stock

Braze, Inc. (NASDAQ:BRZE) CTO Jonathan Hyman sold 10,148 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $27.27, for a total value of $276,735.96. Following the transaction, the chief technology officer directly owned 1,255,416 shares in the company, valued at approximately $34,235,194.32. This represents a 0.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 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 traded down $0.53 on Tuesday, hitting $28.22. The company had a trading volume of 1,494,231 shares, compared to its average volume of 2,963,403. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of -25.20 and a beta of 0.83. The company’s fifty day moving average price is $23.50 and its 200 day moving average price is $21.94. 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 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 for the quarter, compared to the consensus estimate of $205.19 million. During the same quarter last year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was up 30.2% compared to the same quarter last year. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. On average, sell-side analysts forecast that Braze, Inc. will post -0.78 EPS for the current year.

Analysts Set New Price Targets

BRZE has been the topic of several recent analyst reports. Mizuho dropped their target price 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. Canaccord Genuity Group lowered their price target on Braze from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, May 28th. DA Davidson reiterated a “buy” rating and issued a $33.00 price objective on shares of Braze in a research note on Thursday, May 28th. TD Cowen restated a “buy” rating on shares of Braze in a research note on Monday, June 15th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $30.00 price target on shares of Braze in a research report on Tuesday, May 26th. One equities 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 MarketBeat.com, Braze presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.76.

Institutional Trading of Braze

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BRZE. NBC Securities Inc. acquired a new stake in Braze during the fourth quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd lifted its holdings in 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. Fifth Third Bancorp acquired a new position in Braze in the first quarter valued at about $27,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Braze during the fourth quarter worth approximately $52,000. Finally, Osaic Holdings Inc. raised its stake in shares of Braze by 821.1% in the second quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock valued at $44,000 after acquiring an additional 1,404 shares during the last quarter. Institutional investors own 90.47% of the company’s stock.

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.