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 business’s stock in a transaction 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 transaction, the chief technology officer directly owned 848,219 shares in the company, valued at $38,449,767.27. This trade represents a 25.15% decrease in their position. The transaction was disclosed in a legal filing 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 transaction 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 shares were sold at an average price of $30.03, for a total transaction 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 stock was sold at an average price of $27.03, for a total value of $483,701.85.

Braze Stock Up 0.4%

Shares of NASDAQ:BRZE traded up $0.18 during trading on Thursday, hitting $45.86. 9,166,189 shares of the company were exchanged, compared to its average volume of 3,278,701. The firm’s 50 day moving average price is $28.98 and its 200-day moving average price is $25.24. Braze, Inc. has a 12-month low of $15.26 and a 12-month high of $45.95. 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 stock has a market capitalization of $5.21 billion, a P/E ratio of -44.52 and a beta of 0.91.

Braze (NASDAQ:BRZE) last released its quarterly earnings data on Tuesday, September 8th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.03. Braze had a negative net margin of 13.55% and a negative return on equity of 16.11%. The company had revenue of $227.23 million during the quarter, compared to the consensus estimate of $220.27 million. During the same quarter in the prior year, the firm posted $0.15 earnings per share. Braze’s revenue for the quarter was up 26.2% on a year-over-year basis. 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, research analysts predict that Braze, Inc. will post -0.70 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on BRZE shares. TD Cowen downgraded Braze from a “buy” rating to a “hold” rating and upped their price objective for the company from $36.00 to $47.50 in a research note on Tuesday. Wells Fargo & Company downgraded shares of Braze from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $45.00 to $47.50 in a report on Tuesday. Mizuho set a $47.50 price target on shares of Braze in a research report on Wednesday. Stifel Nicolaus reissued a “hold” rating and set a $47.50 price target (up from $35.00) on shares of Braze in a research note on Tuesday. Finally, Citigroup cut Braze from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $48.00 to $47.50 in a report on Wednesday. Seven investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $43.95.

Key Stories Impacting Braze

Here are the key news stories impacting Braze this week:

• Positive Sentiment: Salesforce acquisition establishes a $47.50 valuation. Salesforce agreed to acquire Braze in an all-cash transaction valued at approximately $5.66 billion, representing roughly a 58% premium to Braze’s prior closing price. The transaction is expected to strengthen Salesforce’s marketing technology and AI-related data capabilities. Completion remains subject to shareholder approval, antitrust review and other conditions. Salesforce Fuels AI Engine With $5.66B Braze Buyout
• Positive Sentiment: Strategic rationale received support. UBS characterized the transaction as a solid strategic fit at a reasonable price, citing Braze’s faster-growing customer-engagement platform as a potential addition to Salesforce’s portfolio. Salesforce’s Braze Deal Wins UBS Backing
• Positive Sentiment: Options activity indicates bullish interest. Traders purchased an unusually high volume of Braze call options, suggesting some market participants are positioning for the stock to reach or exceed the proposed transaction price. Stock Traders Buy High Volume of Braze Call Options
• Neutral Sentiment: Upside is now largely tied to deal completion. A recent analysis argued that Braze still appeared undervalued after its major rally, but the stock’s proximity to the $47.50 offer price leaves limited immediate upside unless Salesforce raises its bid or another offer emerges. Braze Stock Still Looks Undervalued Following Its 80% Run
• Negative Sentiment: Analyst downgrades reflect limited upside. DA Davidson cut Braze to “hold,” while Citigroup moved to “neutral.” Both firms set price targets of $47.50, indicating that the stock is close to fair value under the announced deal.
• Negative Sentiment: Deal-related investigations could add uncertainty. Kahn Swick & Foti and Amparo Investor Rights are reviewing whether the purchase price and sale process adequately protect shareholders. Such inquiries may delay or complicate the transaction, although they do not currently change the announced terms. Braze Investor Alert

Institutional Trading of Braze

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd grew its holdings in shares of Braze by 3,650.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company’s stock worth $28,000 after buying an additional 803 shares in the last quarter. Fifth Third Bancorp purchased a new stake in Braze during the first quarter valued at about $27,000. Harbor Investment Advisory LLC acquired a new stake in Braze during the second quarter worth about $36,000. Essential Partners LLC increased its stake in Braze by 109.8% during the first quarter. Essential Partners LLC now owns 2,174 shares of the company’s stock worth $51,000 after acquiring an additional 1,138 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Braze in the 2nd quarter worth about $50,000. 90.47% of the stock is currently owned by hedge funds and other institutional investors.

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.