Insider Selling: Braze (NASDAQ:BRZE) CTO Sells $483,701.85 in Stock

Braze, Inc. (NASDAQ:BRZE) CTO Jonathan Hyman sold 17,895 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $27.03, for a total transaction of $483,701.85. Following the completion of the transaction, the chief technology officer directly owned 1,265,564 shares of the company’s stock, valued at $34,208,194.92. This represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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 10th, Jonathan Hyman sold 10,148 shares of Braze stock. The stock was sold at an average price of $27.27, for a total transaction of $276,735.96.

Braze Trading Up 7.9%

NASDAQ BRZE opened at $29.87 on Friday. The firm’s fifty day moving average price is $23.77 and its two-hundred day moving average price is $22.02. Braze, Inc. has a 1 year low of $15.26 and a 1 year high of $37.33. The firm has a market capitalization of $3.36 billion, a P/E ratio of -26.67 and a beta of 0.83.

Braze (NASDAQ:BRZE) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.10 EPS for the quarter, meeting analysts’ consensus estimates of $0.10. The company had revenue of $211.00 million during the quarter, compared to the consensus estimate of $205.19 million. Braze had a negative net margin of 15.51% and a negative return on equity of 17.52%. The company’s quarterly revenue was up 30.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.07 EPS. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. On average, research analysts anticipate that Braze, Inc. will post -0.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BRZE. Citigroup lowered their price target on Braze from $49.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, May 29th. Mizuho cut their price objective on Braze from $40.00 to $32.00 and set an “outperform” rating for the company in a research report on Thursday, May 28th. Cantor Fitzgerald reissued an “overweight” rating and set a $38.00 target price on shares of Braze in a report on Thursday, May 28th. Weiss Ratings reissued a “sell (e+)” rating on shares of Braze in a report on Tuesday, July 7th. Finally, JPMorgan Chase & Co. increased their price target on Braze from $33.00 to $35.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. One equities research 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $34.76.

Institutional Investors Weigh In On Braze

Several hedge funds have recently bought and sold shares of the stock. NBC Securities Inc. bought a new stake in shares of Braze during the fourth quarter worth approximately $27,000. Fifth Third Bancorp bought a new position in shares of Braze during the first quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd lifted its holdings in Braze by 3,650.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company’s stock worth $28,000 after purchasing an additional 803 shares during the last quarter. Harbor Investment Advisory LLC acquired a new stake in Braze during the 2nd quarter worth approximately $36,000. Finally, Osaic Holdings Inc. boosted its stake in Braze by 821.1% in the 2nd quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock valued at $44,000 after purchasing an additional 1,404 shares during the period. 90.47% of the stock is currently owned by institutional investors and hedge funds.

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.