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

Braze, Inc. (NASDAQ:BRZE) CTO Jonathan Hyman sold 35,000 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $30.03, for a total value of $1,051,050.00. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at 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 transaction 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 transaction of $483,701.85.

Braze Price Performance

Shares of Braze stock opened at $28.93 on Friday. The company has a 50-day moving average of $23.89 and a 200 day moving average of $22.06. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of -25.83 and a beta of 0.83. Braze, Inc. has a 1 year low of $15.26 and a 1 year high of $37.33.

Braze (NASDAQ:BRZE) last issued its quarterly earnings results on Wednesday, May 27th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. Braze had a negative net margin of 15.51% and a negative return on equity of 17.52%. The company had revenue of $211.00 million during the quarter, compared to analysts’ expectations of $205.19 million. During the same period last year, the company posted $0.07 EPS. Braze’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. On average, equities analysts anticipate that Braze, Inc. will post -0.78 EPS for the current year.

Institutional Investors Weigh In On Braze

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Braze by 10.0% in the 4th quarter. Vanguard Group Inc. now owns 9,851,050 shares of the company’s stock worth $337,793,000 after acquiring an additional 892,635 shares during the last quarter. Battery Management CORP. boosted its stake in Braze by 70.2% during the 3rd quarter. Battery Management CORP. now owns 2,425,000 shares of the company’s stock valued at $68,967,000 after purchasing an additional 1,000,000 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Braze by 28.8% during the 2nd 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 increased its holdings in shares of Braze by 0.4% in the 4th quarter. Westfield Capital Management Co. LP now owns 2,187,275 shares of the company’s stock worth $75,002,000 after purchasing an additional 9,322 shares in the last quarter. Finally, Alyeska Investment Group L.P. increased its holdings in shares of Braze by 592.4% in the 4th quarter. Alyeska Investment Group L.P. now owns 2,105,024 shares of the company’s stock worth $72,181,000 after purchasing an additional 1,801,019 shares in the last quarter. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BRZE. DA Davidson reissued a “buy” rating and issued a $33.00 price target on shares of Braze in a research report on Thursday, May 28th. JPMorgan Chase & Co. raised their price objective on Braze from $33.00 to $35.00 and gave the company an “overweight” rating in a research report on Monday, July 6th. The Goldman Sachs Group set a $34.00 price objective on Braze and gave the company a “buy” rating in a research note on Wednesday, June 24th. UBS Group reissued an “outperform” rating on shares of Braze in a report on Thursday, May 28th. Finally, BTIG Research increased their target price on Braze from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $35.06.

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.