Braze (NASDAQ:BRZE) CTO Sells $276,735.96 in Stock

Braze, Inc. (NASDAQ:BRZE) CTO Jonathan Hyman sold 10,148 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $27.27, for a total transaction of $276,735.96. Following the completion of the sale, the chief technology officer directly owned 1,255,416 shares of the company’s stock, valued at approximately $34,235,194.32. This trade represents a 0.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 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 transaction of $483,701.85.

Braze Stock Performance

BRZE opened at $29.87 on Friday. The stock has a market capitalization of $3.36 billion, a PE ratio of -26.67 and a beta of 0.83. Braze, Inc. has a one year low of $15.26 and a one year high of $37.33. The business’s 50 day moving average price is $23.77 and its 200 day moving average price is $22.02.

Braze (NASDAQ:BRZE) last posted its earnings results on Wednesday, May 27th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting 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 company had revenue of $211.00 million during the quarter, compared to analysts’ expectations of $205.19 million. During the same quarter last year, the firm earned $0.07 earnings per share. The firm’s quarterly revenue was up 30.2% compared to the same quarter last year. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. As a group, equities research analysts forecast that Braze, Inc. will post -0.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on BRZE. The Goldman Sachs Group set a $34.00 target price on shares of Braze and gave the company a “buy” rating in a research report on Wednesday, June 24th. Stifel Nicolaus set a $30.00 price target on shares of Braze in a research note on Thursday, May 28th. Citizens Jmp restated a “market outperform” rating and issued a $35.00 price objective on shares of Braze in a report on Thursday, May 28th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Braze in a research report on Tuesday, July 7th. Finally, TD Cowen reiterated a “buy” rating on shares of Braze in a report on Monday, June 15th. One equities research 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’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.76.

Hedge Funds Weigh In On Braze

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Braze by 10.0% during the fourth quarter. Vanguard Group Inc. now owns 9,851,050 shares of the company’s stock worth $337,793,000 after purchasing an additional 892,635 shares in the last quarter. Battery Management CORP. grew its holdings in shares of Braze by 70.2% in the third 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 in the last quarter. Alliancebernstein L.P. increased 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 worth $65,197,000 after buying an additional 518,103 shares during the period. Westfield Capital Management Co. LP increased its stake in Braze by 0.4% during the 4th quarter. Westfield Capital Management Co. LP now owns 2,187,275 shares of the company’s stock worth $75,002,000 after buying an additional 9,322 shares during the period. Finally, Alyeska Investment Group L.P. lifted its holdings in Braze by 592.4% during the 4th quarter. Alyeska Investment Group L.P. now owns 2,105,024 shares of the company’s stock worth $72,181,000 after buying an additional 1,801,019 shares in the last quarter. 90.47% of the stock is owned by institutional investors and hedge funds.

Braze Company Profile

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.