Braze (NASDAQ:BRZE) CTO Sells 17,895 Shares of Stock

Key Points

• Braze CTO Jonathan Hyman sold 17,895 shares at an average price of $27.03, worth approximately $483,702, under a pre-arranged Rule 10b5-1 trading plan. He retained 1,265,564 shares after the transaction and separately sold 10,148 shares the following Monday.
• Braze shares traded at $28.22, with a market capitalization of about $3.18 billion. The company reported quarterly revenue of $211 million, up 30.2% year over year, while posting adjusted EPS of $0.10 and maintaining negative net margins.
• Wall Street analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $34.76; institutional investors and hedge funds own 90.47% of the stock.

Braze, Inc. (NASDAQ:BRZE - Get Free Report) CTO Jonathan Hyman sold 17,895 shares of the business's stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $27.03, for a total value of $483,701.85. Following the sale, the chief technology officer owned 1,265,564 shares of the company's stock, valued at approximately $34,208,194.92. This represents a 1.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 10th, Jonathan Hyman sold 10,148 shares of Braze stock. The stock was sold at an average price of $27.27, for a total value of $276,735.96.

Braze Stock Performance

Shares of NASDAQ BRZE traded down $0.53 during trading hours on Tuesday, reaching $28.22. 1,494,231 shares of the stock were exchanged, compared to its average volume of 2,963,403. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of -25.20 and a beta of 0.83. The stock's fifty day simple moving average is $23.50 and its 200 day simple moving average is $21.94. Braze, Inc. has a 52 week low of $15.26 and a 52 week high of $37.33.

Braze (NASDAQ:BRZE - Get Free Report) last released its quarterly earnings results on Wednesday, May 27th. The company reported $0.10 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $205.19 million. During the same period in the previous year, the company posted $0.07 EPS. The firm'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. Research analysts predict that Braze, Inc. will post -0.78 EPS for the current fiscal year.

Institutional Trading of Braze

Several large investors have recently made changes to their positions in BRZE. NBC Securities Inc. bought a new position in Braze in the fourth quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd boosted its holdings 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 valued at $28,000 after purchasing an additional 803 shares in the last quarter. Fifth Third Bancorp bought a new position in shares of Braze in the 1st quarter valued at $27,000. Kemnay Advisory Services Inc. bought a new position in shares of Braze in the 4th quarter valued at $52,000. Finally, Osaic Holdings Inc. raised its holdings in shares of Braze by 821.1% during the 2nd quarter. Osaic Holdings Inc. now owns 1,575 shares of the company's stock worth $44,000 after buying an additional 1,404 shares in the last quarter. Institutional investors and hedge funds own 90.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on BRZE shares. DA Davidson reaffirmed a "buy" rating and set a $33.00 price target on shares of Braze in a research report on Thursday, May 28th. Canaccord Genuity Group decreased their target price on shares of Braze from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Thursday, May 28th. Stifel Nicolaus set a $30.00 price target on shares of Braze in a research report on Thursday, May 28th. JPMorgan Chase & Co. increased their price target on Braze from $33.00 to $35.00 and gave the stock an "overweight" rating in a research report on Monday, July 6th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $38.00 price objective on shares of Braze in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $34.76.

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.

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