Insider Selling: Braze (NASDAQ:BRZE) CTO Sells $1,051,050.00 in Stock

Braze, Inc. (NASDAQ:BRZE) CTO Jonathan Hyman sold 35,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $30.03, for a total value of $1,051,050.00. Following the completion of the transaction, the chief technology officer directly owned 1,220,416 shares of the company’s stock, valued at approximately $36,649,092.48. The trade was a 2.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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.
• 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

Shares of BRZE opened at $28.93 on Monday. The company has a market cap of $3.26 billion, a price-to-earnings ratio of -25.83 and a beta of 0.83. The stock has a fifty day moving average price of $23.89 and a two-hundred day moving average price of $22.04. Braze, Inc. has a 52-week low of $15.26 and a 52-week high of $37.33.

Braze (NASDAQ:BRZE) last released its quarterly earnings results on Wednesday, May 27th. The company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. The business had revenue of $211.00 million for the quarter, compared to analysts’ expectations of $205.19 million. Braze had a negative net margin of 15.51% and a negative return on equity of 17.52%. Braze’s revenue was up 30.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.07 earnings per share. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. As a group, research analysts predict that Braze, Inc. will post -0.78 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Stifel Nicolaus set a $30.00 price target on Braze in a research note on Thursday, May 28th. Piper Sandler reiterated an “overweight” rating and issued a $27.00 price objective on shares of Braze in a report on Thursday, May 28th. DA Davidson reissued a “buy” rating and issued a $33.00 target price on shares of Braze in a research note on Thursday, May 28th. Citizens Jmp restated a “market outperform” rating and set a $35.00 target price on shares of Braze in a report on Thursday, May 28th. Finally, The Goldman Sachs Group set a $34.00 target price on Braze and gave the stock a “buy” rating in a research report on Wednesday, June 24th. One 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. According to data from MarketBeat, Braze has a consensus rating of “Moderate Buy” and an average price target of $35.06.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NBC Securities Inc. bought a new stake in shares of Braze in the fourth quarter worth about $27,000. Fifth Third Bancorp acquired a new position in shares of Braze in the 1st quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd increased its stake 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 in 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. lifted its stake in Braze by 821.1% in the second quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock valued at $44,000 after buying an additional 1,404 shares in the last quarter. 90.47% of the stock is currently owned by institutional investors.

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.