Key Points
- Braze CTO Jonathan Hyman sold 35,000 shares for approximately $1.05 million at an average price of $30.03 under a pre-arranged Rule 10b5-1 plan, reducing his direct stake by 2.79% to 1.22 million shares.
- Braze reported quarterly revenue of $211 million, up 30.2% year over year and above analyst expectations, while earnings per share matched estimates at $0.10.
- Wall Street remains broadly positive, with the stock receiving a “Moderate Buy” consensus rating and an average price target of $35.06; institutional investors own approximately 90.47% of shares.
Braze, Inc. (NASDAQ:BRZE - Get Free Report) CTO Jonathan Hyman sold 35,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $30.03, for a total value of $1,051,050.00. Following the sale, the chief technology officer directly owned 1,220,416 shares of the company's stock, valued at approximately $36,649,092.48. This trade represents a 2.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 shares were 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 Price Performance
BRZE opened at $28.93 on Friday. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of -25.83 and a beta of 0.83. The business has a 50 day simple moving average of $23.89 and a two-hundred day simple moving average of $22.06. Braze, Inc. has a one year low of $15.26 and a one year 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 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%. The firm's revenue for the quarter was up 30.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.07 earnings per share. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. As a group, sell-side analysts expect that Braze, Inc. will post -0.78 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
BRZE has been the topic of a number of research analyst reports. DA Davidson reiterated a "buy" rating and set a $33.00 target price on shares of Braze in a report on Thursday, May 28th. Citigroup dropped 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. BTIG Research upped their price target on Braze from $30.00 to $35.00 and gave the stock a "buy" rating in a research note on Friday. JPMorgan Chase & Co. increased their price objective on Braze from $33.00 to $35.00 and gave the stock an "overweight" rating in a report on Monday, July 6th. Finally, Piper Sandler reissued an "overweight" rating and set a $27.00 price objective on shares of Braze in a research report on Thursday, May 28th. One 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. According to MarketBeat, Braze currently has an average rating of "Moderate Buy" and an average price target of $35.06.
Get Our Latest Analysis on Braze
Institutional Investors Weigh In On Braze
Several hedge funds have recently added to or reduced their stakes in the stock. NBC Securities Inc. bought a new position in shares of Braze during the fourth quarter valued at $27,000. Fifth Third Bancorp bought a new position in Braze in the 1st quarter worth about $27,000. Caitong International Asset Management Co. Ltd boosted its stake in Braze by 3,650.0% in 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 purchased a new stake in Braze during the 2nd quarter valued at about $36,000. Finally, Osaic Holdings Inc. increased its position in shares of Braze by 821.1% during the second quarter. Osaic Holdings Inc. now owns 1,575 shares of the company's stock valued at $44,000 after acquiring an additional 1,404 shares in the last quarter. 90.47% of the stock is owned by institutional investors.
About Braze
(
Get Free Report)
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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