Jonathan Hyman Sells 35,000 Shares of Braze (NASDAQ:BRZE) Stock

by · The Markets Daily

Braze, Inc. (NASDAQ:BRZE – Get Free Report) CTO Jonathan Hyman sold 35,000 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $30.03, for a total transaction of $1,051,050.00. Following the completion of the sale, the chief technology officer directly owned 1,220,416 shares of the company’s stock, valued at $36,649,092.48. This represents a 2.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 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 Stock Performance

BRZE stock traded down $0.94 during trading on Friday, hitting $28.93. 1,770,717 shares of the company traded hands, compared to its average volume of 2,944,617. The company has a 50-day moving average of $23.77 and a 200-day moving average of $22.02. Braze, Inc. has a 1 year low of $15.26 and a 1 year high of $37.33. The firm has a market capitalization of $3.26 billion, a PE ratio of -25.83 and a beta of 0.83.

Braze (NASDAQ:BRZE – Get Free Report) last announced its quarterly earnings results on Wednesday, May 27th. The company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates 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 in the previous year, the firm earned $0.07 EPS. The business’s quarterly revenue was up 30.2% on a year-over-year basis. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. Sell-side analysts expect that Braze, Inc. will post -0.78 EPS for the current year.

Institutional Investors Weigh In On Braze

Several hedge funds have recently made changes to their positions in the company. NBC Securities Inc. bought a new position in Braze in the fourth quarter worth $27,000. Fifth Third Bancorp bought a new stake in shares of Braze during the 1st quarter valued at $27,000. Caitong International Asset Management Co. Ltd grew its position in shares of Braze by 3,650.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company’s stock worth $28,000 after buying an additional 803 shares during the period. Harbor Investment Advisory LLC bought a new position in shares of Braze in the 2nd quarter worth about $36,000. Finally, Osaic Holdings Inc. lifted its position in Braze by 821.1% during the 2nd 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 period. 90.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Mizuho decreased their price objective on shares of Braze from $40.00 to $32.00 and set an “outperform” rating on the stock in a research report on Thursday, May 28th. The Goldman Sachs Group set a $34.00 price target on Braze and gave the company a “buy” rating in a report on Wednesday, June 24th. Cantor Fitzgerald restated an “overweight” rating and set a $38.00 target price on shares of Braze in a report on Thursday, May 28th. DA Davidson reaffirmed a “buy” rating and issued a $33.00 price target on shares of Braze in a research note on Thursday, May 28th. Finally, Canaccord Genuity Group cut their price target on shares of Braze from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, May 28th. 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 company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $35.06.

View Our Latest Stock Analysis on BRZE

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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