Braze (NASDAQ:BRZE) CTO Jonathan Hyman Sells 285,000 Shares of Company Stock

Braze, Inc. (NASDAQ:BRZE) CTO Jonathan Hyman sold 285,000 shares of the stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $45.33, for a total value of $12,919,050.00. Following the sale, the chief technology officer directly owned 848,219 shares of the company’s stock, valued at $38,449,767.27. The trade was a 25.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 Thursday, October 15th, Jonathan Hyman sold 10,000 shares of Braze stock. The shares were sold at an average price of $30.04, for a total value of $300,400.00.
• On Thursday, August 27th, Jonathan Hyman sold 42,000 shares of Braze stock. The shares were sold at an average price of $32.47, for a total value of $1,363,740.00.
• On Monday, August 24th, Jonathan Hyman sold 10,000 shares of Braze stock. The stock was sold at an average price of $31.04, for a total value 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 value 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 value of $1,051,050.00.
• 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.
• 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

NASDAQ:BRZE opened at $45.86 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a market cap of $5.21 billion, a price-to-earnings ratio of -44.52 and a beta of 0.91. The firm’s fifty day moving average price is $29.30 and its 200 day moving average price is $25.39. Braze, Inc. has a 1-year low of $15.26 and a 1-year high of $45.95.

Braze (NASDAQ:BRZE) last announced its quarterly earnings data on Tuesday, September 8th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The company had revenue of $227.23 million during the quarter, compared to the consensus estimate of $220.27 million. Braze had a negative net margin of 13.55% and a negative return on equity of 16.11%. Braze’s quarterly revenue was up 26.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.15 EPS. Braze has set its FY 2027 guidance at 0.640-0.650 EPS and its Q3 2027 guidance at 0.130-0.140 EPS. On average, sell-side analysts expect that Braze, Inc. will post -0.70 EPS for the current year.

Hedge Funds Weigh In On Braze

A number of large investors have recently made changes to their positions in BRZE. The Manufacturers Life Insurance Company lifted its stake in shares of Braze by 30.4% in the first quarter. The Manufacturers Life Insurance Company now owns 1,885,577 shares of the company’s stock valued at $44,518,000 after purchasing an additional 439,513 shares during the period. Stephens Investment Management Group LLC boosted its holdings in Braze by 11.2% during the first quarter. Stephens Investment Management Group LLC now owns 1,370,986 shares of the company’s stock worth $32,369,000 after buying an additional 137,843 shares in the last quarter. Dimensional Fund Advisors LP acquired a new position in Braze during the first quarter worth about $14,294,000. Bank of New York Mellon Corp acquired a new position in Braze during the second quarter worth about $11,814,000. Finally, Glenmede Trust Co. NA grew its position in Braze by 36.5% during the first quarter. Glenmede Trust Co. NA now owns 538,845 shares of the company’s stock worth $12,722,000 after buying an additional 144,176 shares during the period. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Braze News Summary

Here are the key news stories impacting Braze this week:

• Positive Sentiment: Salesforce’s proposed acquisition values Braze at approximately $5.66 billion and offers shareholders $47.50 per share, representing roughly a 58% premium to Braze’s pre-announcement price. The transaction gives investors a defined cash exit and supports the stock’s move toward the offer price. Salesforce Fuels AI Engine With $5.66B Braze Buyout
• Positive Sentiment: UBS described the acquisition as a strategic fit at a reasonable price, noting that Braze would add a faster-growing marketing-technology platform to Salesforce’s portfolio and strengthen its real-time data and AI offerings. Salesforce’s Braze deal wins UBS backing
• Positive Sentiment: Trading activity also reflects bullish sentiment: investors purchased a high volume of Braze call options, while a separate analysis argued that the stock could remain undervalued despite its approximately 80% run. Stock Traders Buy High Volume of Braze Call Options
• Neutral Sentiment: DA Davidson lowered its rating from Buy to Hold, and Citigroup cut its rating from Buy to Neutral. However, both firms set price targets of $47.50, leaving limited upside but broadly aligning with Salesforce’s offer.
• Neutral Sentiment: The deal remains subject to shareholder approval and antitrust review, with completion expected in Salesforce’s fiscal 2028. The current price below $47.50 reflects some uncertainty about closing and timing.
• Negative Sentiment: Several law firms are investigating whether the proposed price and sale process adequately protect Braze shareholders. These inquiries do not currently change the offer but could create legal or deal-completion risks. Braze Investor Alert
• Negative Sentiment: CTO Jonathan Hyman sold a combined 295,000 shares under a pre-arranged Rule 10b5-1 plan. Although the sales were scheduled and he retains a substantial stake, the transactions may weigh modestly on sentiment after the recent rally.

Analyst Upgrades and Downgrades

BRZE has been the topic of a number of analyst reports. Oppenheimer lowered Braze from an “outperform” rating to a “market perform” rating in a report on Tuesday. Citizens Jmp reiterated a “market outperform” rating and set a $35.00 target price on shares of Braze in a research report on Monday, October 5th. Citigroup downgraded Braze from a “buy” rating to a “neutral” rating and cut their target price for the stock from $48.00 to $47.50 in a research note on Wednesday. Cantor Fitzgerald cut Braze from an “overweight” rating to a “hold” rating and set a $47.50 price target for the company. in a report on Tuesday. Finally, Piper Sandler downgraded Braze from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $30.00 to $47.50 in a research note on Tuesday. Seven equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $43.95.

About Braze

Braze, Inc is a customer engagement software company that provides a platform for businesses to build, manage and measure personalized interactions with consumers. Its technology is designed to help brands communicate with customers across digital channels, including mobile applications, websites, email, SMS and messaging services.

The Braze platform supports customer data collection and segmentation, campaign creation, journey orchestration, experimentation and engagement analytics. Its capabilities include in-app and web messaging, push notifications, email marketing, content personalization and automated lifecycle campaigns.