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

by · The Cerbat Gem

Braze, Inc. (NASDAQ:BRZE – Get Free Report) CTO Jonathan Hyman sold 17,895 shares of the firm’s stock in a transaction that occurred 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 sale, the chief technology officer owned 1,265,564 shares in the company, 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 document filed with the SEC, which is accessible 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 Monday, August 10th, Jonathan Hyman sold 10,148 shares of Braze stock. The shares were sold at an average price of $27.27, for a total transaction of $276,735.96.

Braze Stock Down 1.8%

Shares of BRZE stock opened at $28.22 on Wednesday. The firm has a fifty day moving average of $23.55 and a 200-day moving average of $21.97. Braze, Inc. has a 12-month low of $15.26 and a 12-month high of $37.33. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of -25.20 and a beta of 0.83.

Braze (NASDAQ:BRZE – Get Free Report) 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 for the quarter, compared to analyst estimates of $205.19 million. Braze had a negative net margin of 15.51% and a negative return on equity of 17.52%. The firm’s quarterly revenue was up 30.2% on a year-over-year basis. During the same period last year, the business posted $0.07 earnings per share. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. On average, equities analysts expect that Braze, Inc. will post -0.78 EPS for the current year.

Institutional Trading of Braze

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp acquired a new position in Braze during the second quarter valued at approximately $11,814,000. Handelsbanken Fonder AB grew its stake in Braze by 18.9% in the second quarter. Handelsbanken Fonder AB now owns 28,900 shares of the company’s stock valued at $627,000 after purchasing an additional 4,600 shares in the last quarter. Harbor Investment Advisory LLC acquired a new position in shares of Braze during the 2nd quarter worth approximately $36,000. Versant Capital Management Inc increased its position in shares of Braze by 13.3% during the 2nd quarter. Versant Capital Management Inc now owns 4,692 shares of the company’s stock worth $102,000 after purchasing an additional 552 shares during the last quarter. Finally, Optiver Holding B.V. raised its stake in shares of Braze by 532.2% during the 1st quarter. Optiver Holding B.V. now owns 2,712 shares of the company’s stock worth $64,000 after purchasing an additional 2,283 shares in the last quarter. Institutional investors and hedge funds own 90.47% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on BRZE shares. Cantor Fitzgerald restated an “overweight” rating and issued a $38.00 price target on shares of Braze in a report on Thursday, May 28th. BTIG Research reiterated a “buy” rating and set a $30.00 price objective on shares of Braze in a report on Tuesday, May 26th. Piper Sandler reissued an “overweight” rating and issued a $27.00 target price on shares of Braze in a research report on Thursday, May 28th. Citigroup reduced their price target on Braze from $49.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, May 29th. Finally, Canaccord Genuity Group decreased their price target on shares of Braze from $40.00 to $35.00 and set a “buy” 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 given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $34.76.

Read Our Latest Research Report on BRZE

About Braze

(Get Free Report)

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.

See Also