Braze (NASDAQ:BRZE) CTO Sells 20,000 Shares of Stock

Braze, Inc. (NASDAQ:BRZE) CTO Jonathan Hyman sold 20,000 shares of Braze stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $45.76, for a total transaction of $915,200.00. Following the transaction, the chief technology officer directly owned 828,219 shares in the company, valued at $37,899,301.44. This trade represents a 2.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 Tuesday, October 20th, Jonathan Hyman sold 285,000 shares of Braze stock. The shares were sold at an average price of $45.33, for a total transaction of $12,919,050.00.
• On Thursday, October 15th, Jonathan Hyman sold 10,000 shares of Braze stock. The shares were sold at an average price of $30.04, for a total value of $300,400.00.
• On Thursday, August 27th, Jonathan Hyman sold 42,000 shares of Braze stock. The stock was sold at an average price of $32.47, for a total value of $1,363,740.00.
• On Monday, August 24th, Jonathan Hyman sold 10,000 shares of Braze stock. The stock was sold at an average price of $31.04, for a total value of $310,400.00.
• On Wednesday, August 19th, Jonathan Hyman sold 9,413 shares of Braze stock. The shares were sold at an average price of $29.99, for a total value of $282,295.87.
• On Thursday, August 13th, Jonathan Hyman sold 35,000 shares of Braze stock. The shares were sold at an average price of $30.03, for a total value of $1,051,050.00.
• 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.
• On Friday, August 7th, Jonathan Hyman sold 17,895 shares of Braze stock. The stock was sold at an average price of $27.03, for a total value of $483,701.85.

Braze Trading Down 0.2%

BRZE traded down $0.08 on Monday, hitting $45.67. The company had a trading volume of 5,661,465 shares, compared to its average volume of 3,413,164. The firm has a market cap of $5.19 billion, a P/E ratio of -44.34 and a beta of 0.77. Braze, Inc. has a 1 year low of $15.26 and a 1 year high of $45.94. The company’s fifty day moving average price is $31.21 and its 200 day moving average price is $24.64. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.02.

Braze (NASDAQ:BRZE) last announced its earnings results on Tuesday, September 8th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. Braze had a negative net margin of 13.55% and a negative return on equity of 16.11%. The company had revenue of $227.23 million during the quarter, compared to analyst estimates of $220.27 million. During the same quarter last year, the firm posted $0.15 earnings per share. Braze’s revenue was up 26.2% compared to the same quarter last year. Braze has set its FY 2027 guidance at 0.640-0.650 EPS and its Q3 2027 guidance at 0.130-0.140 EPS. As a group, equities analysts expect that Braze, Inc. will post -0.70 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BRZE shares. William Blair downgraded shares of Braze from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 20th. Cantor Fitzgerald cut Braze from an “overweight” rating to a “hold” rating and set a $47.50 price target on the stock. in a research note on Tuesday, October 20th. Canaccord Genuity Group set a $47.50 price target on Braze in a research report on Tuesday, October 20th. DA Davidson lowered Braze from a “buy” rating to a “hold” rating and raised their price target for the stock from $40.00 to $47.50 in a research report on Wednesday, October 21st. Finally, Needham & Company LLC cut Braze from a “buy” rating to a “hold” rating in a research note on Tuesday, October 20th. Five equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Braze has a consensus rating of “Hold” and an average target price of $43.95.

Institutional Investors Weigh In On Braze

Several large investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its position in Braze by 30.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,885,577 shares of the company’s stock valued at $44,518,000 after buying an additional 439,513 shares during the period. Stephens Investment Management Group LLC grew its stake in shares of Braze by 11.2% in the first quarter. Stephens Investment Management Group LLC now owns 1,370,986 shares of the company’s stock worth $32,369,000 after acquiring an additional 137,843 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of Braze during the first quarter worth $14,294,000. Glenmede Trust Co. NA increased its position in shares of Braze by 36.5% during the first quarter. Glenmede Trust Co. NA now owns 538,845 shares of the company’s stock worth $12,722,000 after acquiring an additional 144,176 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Braze by 24.0% during the first quarter. Bank of New York Mellon Corp now owns 530,231 shares of the company’s stock worth $12,519,000 after acquiring an additional 102,571 shares during the period. 90.47% of the stock is owned by hedge funds and other institutional investors.

Braze Company Profile

Braze, Inc is a customer engagement software company that provides a platform for businesses to build, manage and measure personalized interactions with consumers. Its technology is designed to help brands communicate with customers across digital channels, including mobile applications, websites, email, SMS and messaging services.

The Braze platform supports customer data collection and segmentation, campaign creation, journey orchestration, experimentation and engagement analytics. Its capabilities include in-app and web messaging, push notifications, email marketing, content personalization and automated lifecycle campaigns.