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

Braze, Inc. (NASDAQ:BRZE) CTO Jonathan Hyman sold 10,148 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $27.27, for a total transaction of $276,735.96. Following the completion of the transaction, the chief technology officer directly owned 1,255,416 shares of the company’s stock, valued at approximately $34,235,194.32. This trade represents a 0.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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 transaction of $483,701.85.

Braze Stock Down 1.8%

BRZE stock opened at $28.22 on Wednesday. Braze, Inc. has a 52 week low of $15.26 and a 52 week high of $37.33. The company has a fifty day simple moving average of $23.55 and a two-hundred day simple moving average of $21.97. The firm has a market capitalization of $3.18 billion, a P/E ratio of -25.20 and a beta of 0.83.

Braze (NASDAQ:BRZE) last issued its quarterly earnings data on Wednesday, May 27th. The company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. The business had revenue of $211.00 million during the quarter, compared to analysts’ expectations of $205.19 million. Braze had a negative net margin of 15.51% and a negative return on equity of 17.52%. The business’s revenue was up 30.2% on a year-over-year basis. During the same period last year, the company posted $0.07 EPS. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. As a group, analysts anticipate that Braze, Inc. will post -0.78 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BRZE. NBC Securities Inc. bought a new stake in shares of Braze during the 4th quarter worth approximately $27,000. Fifth Third Bancorp bought a new position in Braze in the 1st quarter valued at $27,000. Caitong International Asset Management Co. Ltd grew its position in Braze by 3,650.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company’s stock valued at $28,000 after acquiring an additional 803 shares during the last quarter. Harbor Investment Advisory LLC purchased a new stake in Braze in the second quarter worth $36,000. Finally, Osaic Holdings Inc. increased its stake in Braze by 821.1% in the second quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock worth $44,000 after purchasing an additional 1,404 shares during the period. Institutional investors own 90.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Cantor Fitzgerald restated an “overweight” rating and set a $38.00 price objective on shares of Braze in a research report on Thursday, May 28th. UBS Group reiterated an “outperform” rating on shares of Braze in a report on Thursday, May 28th. TD Cowen reissued a “buy” rating on shares of Braze in a research report on Monday, June 15th. JPMorgan Chase & Co. increased their price target on Braze from $33.00 to $35.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Finally, Mizuho dropped their price objective on shares of Braze from $40.00 to $32.00 and set an “outperform” rating for the company in a research note on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.