Jonathan Hyman Sells 9,413 Shares of Braze (NASDAQ:BRZE) Stock

by · The Cerbat Gem

Braze, Inc. (NASDAQ:BRZE – Get Free Report) CTO Jonathan Hyman sold 9,413 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $29.99, for a total value of $282,295.87. Following the completion of the sale, the chief technology officer directly owned 1,195,219 shares of the company’s stock, valued at approximately $35,844,617.81. This trade represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 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 shares were 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 Up 1.1%

NASDAQ BRZE opened at $31.06 on Friday. The firm has a market capitalization of $3.50 billion, a P/E ratio of -27.73 and a beta of 0.83. The business has a fifty day simple moving average of $24.68 and a 200 day simple moving average of $22.30. Braze, Inc. has a 12 month low of $15.26 and a 12 month high of $37.33.

Braze (NASDAQ:BRZE – Get Free Report) last issued its quarterly earnings data on Wednesday, May 27th. The company reported $0.10 earnings per share 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 business had revenue of $211.00 million for the quarter, compared to analysts’ expectations of $205.19 million. During the same period last year, the business earned $0.07 EPS. The business’s revenue was up 30.2% on a year-over-year basis. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. As a group, sell-side analysts predict that Braze, Inc. will post -0.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Braze by 10.0% during the 4th quarter. Vanguard Group Inc. now owns 9,851,050 shares of the company’s stock valued at $337,793,000 after acquiring an additional 892,635 shares during the period. Battery Management CORP. raised its holdings in shares of Braze by 70.2% in the 3rd quarter. Battery Management CORP. now owns 2,425,000 shares of the company’s stock worth $68,967,000 after purchasing an additional 1,000,000 shares during the period. Alliancebernstein L.P. lifted its stake in Braze by 28.8% in the second quarter. Alliancebernstein L.P. now owns 2,320,171 shares of the company’s stock valued at $65,197,000 after purchasing an additional 518,103 shares during the last quarter. Westfield Capital Management Co. LP lifted its stake in Braze by 0.4% in the fourth quarter. Westfield Capital Management Co. LP now owns 2,187,275 shares of the company’s stock valued at $75,002,000 after purchasing an additional 9,322 shares during the last quarter. Finally, Alyeska Investment Group L.P. grew its holdings in Braze by 592.4% during the fourth quarter. Alyeska Investment Group L.P. now owns 2,105,024 shares of the company’s stock valued at $72,181,000 after purchasing an additional 1,801,019 shares during the period. 90.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BRZE. DA Davidson restated a “buy” rating and set a $33.00 price target on shares of Braze in a report on Thursday, May 28th. Piper Sandler reissued an “overweight” rating and set a $27.00 target price on shares of Braze in a research report on Thursday, May 28th. The Goldman Sachs Group set a $34.00 target price on shares of Braze and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Stifel Nicolaus set a $30.00 target price on Braze in a report on Thursday, May 28th. Finally, Citigroup decreased 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. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Braze has a consensus rating of “Moderate Buy” and a consensus price target of $35.06.

Read Our Latest Stock Analysis on Braze

Braze Company Profile

(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.

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