Braze (NASDAQ:BRZE) CTO Sells $1,363,740.00 in Stock

Braze, Inc. (NASDAQ:BRZE) CTO Jonathan Hyman sold 42,000 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $32.47, for a total transaction of $1,363,740.00. Following the completion of the transaction, the chief technology officer directly owned 1,143,219 shares of the company’s stock, valued at approximately $37,120,320.93. The trade was a 3.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 24th, Jonathan Hyman sold 10,000 shares of Braze stock. The shares were sold at an average price of $31.04, for a total transaction of $310,400.00.
• On Wednesday, August 19th, Jonathan Hyman sold 9,413 shares of Braze stock. The stock was sold at an average price of $29.99, for a total transaction of $282,295.87.
• On Thursday, August 13th, Jonathan Hyman sold 35,000 shares of Braze stock. The stock was sold at an average price of $30.03, for a total transaction 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 shares were sold at an average price of $27.03, for a total value of $483,701.85.

Braze Price Performance

Shares of BRZE stock opened at $34.53 on Monday. The firm has a market capitalization of $3.89 billion, a P/E ratio of -30.83 and a beta of 0.83. Braze, Inc. has a twelve month low of $15.26 and a twelve month high of $37.33. The stock’s fifty day simple moving average is $25.85 and its 200 day simple moving average is $22.80.

Analyst Ratings Changes

Several research firms have recently issued reports on BRZE. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $38.00 price objective on shares of Braze in a research note on Thursday, May 28th. DA Davidson reiterated a “buy” rating and set a $33.00 target price on shares of Braze in a research report on Thursday, May 28th. Piper Sandler reiterated an “overweight” rating and set a $27.00 target price on shares of Braze in a research report on Thursday, May 28th. Mizuho reduced their target price on shares of Braze from $40.00 to $32.00 and set an “outperform” rating on the stock in a report on Thursday, May 28th. Finally, BTIG Research upped their price target on shares of Braze from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $35.76.

Institutional Investors Weigh In On Braze

Several institutional investors and hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Braze by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,224 shares of the company’s stock worth $1,415,000 after acquiring an additional 1,700 shares during the period. Intech Investment Management LLC increased its position in Braze by 18.8% during the 1st quarter. Intech Investment Management LLC now owns 40,281 shares of the company’s stock valued at $1,453,000 after purchasing an additional 6,379 shares during the period. Prudential Financial Inc. acquired a new stake in Braze during the 2nd quarter valued at approximately $272,000. Russell Investments Group Ltd. raised its holdings in Braze by 1,353.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 9,619 shares of the company’s stock worth $270,000 after purchasing an additional 8,957 shares during the last quarter. Finally, Amundi lifted its position in shares of Braze by 8.9% in the 2nd quarter. Amundi now owns 32,581 shares of the company’s stock worth $918,000 after purchasing an additional 2,657 shares during the period. Institutional investors and hedge funds own 90.47% of the company’s stock.

Key Stories Impacting Braze

Here are the key news stories impacting Braze this week:

• Positive Sentiment: Oppenheimer raised its price target to $36 from $30 and maintained an “outperform” rating, citing improving AI momentum. The new target implies additional upside from recent trading levels. Oppenheimer raises Braze price target
• Positive Sentiment: Recent earnings momentum remains supportive. Braze reported quarterly revenue of $211 million, above the $205.2 million consensus estimate, with revenue up 30.2% year over year. Coverage also highlighted a quarterly earnings beat and raised guidance, reinforcing the growth narrative. Braze earnings beat and raised guidance
• Positive Sentiment: Analyst sentiment is broadly favorable. Braze has attracted positive coverage focused on its AI opportunity, and the stock’s consensus rating is “Moderate Buy,” with an average price target near $35.06. Braze AI momentum builds
• Neutral Sentiment: Analysts have differing views on Braze’s longer-term outlook, particularly regarding growth expectations in the second half of fiscal 2027. This could limit enthusiasm despite the favorable near-term AI narrative. Analysts have conflicting sentiments on Braze
• Negative Sentiment: CTO Jonathan Hyman sold 42,000 shares for approximately $1.36 million on August 27, following a 10,000-share sale earlier in the week and several other August sales. The transactions were conducted under a pre-arranged Rule 10b5-1 plan, reducing their signaling value, but the repeated selling may still weigh on sentiment. Braze CTO insider sale filing

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.