Key Points
- Braze CTO Jonathan Hyman sold 9,413 shares at an average price of $29.99, generating approximately $282,296 under a pre-arranged Rule 10b5-1 plan. He retained 1.20 million shares, and has also sold additional shares in recent weeks.
- Braze reported quarterly revenue of $211 million, up 30.2% year over year, while meeting analysts’ EPS estimate of $0.10; however, the company continues to post a negative net margin and return on equity.
- Wall Street remains broadly positive, with a “Moderate Buy” consensus rating and an average price target of $35.06. Institutional investors own approximately 90.5% of the company.
Braze, Inc. (NASDAQ:BRZE - Get Free Report) CTO Jonathan Hyman sold 9,413 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $29.99, for a total transaction of $282,295.87. Following the completion of the transaction, the chief technology officer owned 1,195,219 shares in the company, valued at $35,844,617.81. The trade was a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 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 Performance
NASDAQ BRZE opened at $31.06 on Friday. The business's fifty day moving average is $24.68 and its 200 day moving average is $22.30. Braze, Inc. has a fifty-two week low of $15.26 and a fifty-two week high of $37.33. The company has a market capitalization of $3.50 billion, a PE ratio of -27.73 and a beta of 0.83.
Braze (NASDAQ:BRZE - Get Free Report) last issued its quarterly earnings results on Wednesday, May 27th. The company reported $0.10 EPS for the quarter, hitting analysts' consensus estimates of $0.10. Braze had a negative return on equity of 17.52% and a negative net margin of 15.51%.The business had revenue of $211.00 million during the quarter, compared to analysts' expectations of $205.19 million. During the same quarter in the prior year, the business posted $0.07 earnings per share. The business's quarterly revenue was up 30.2% on a year-over-year basis. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. On average, sell-side analysts forecast that Braze, Inc. will post -0.78 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc grew its position in shares of Braze by 13.3% during the second quarter. Versant Capital Management Inc now owns 4,692 shares of the company's stock valued at $102,000 after purchasing an additional 552 shares in the last quarter. Arizona State Retirement System boosted its stake in Braze by 3.2% during the fourth quarter. Arizona State Retirement System now owns 22,437 shares of the company's stock valued at $769,000 after buying an additional 688 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Braze by 7.2% during the third quarter. Envestnet Asset Management Inc. now owns 11,080 shares of the company's stock valued at $315,000 after buying an additional 746 shares during the last quarter. NBC Securities Inc. purchased a new position in Braze during the 4th quarter valued at approximately $27,000. Finally, Caitong International Asset Management Co. Ltd increased 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 acquiring an additional 803 shares during the last quarter. Institutional investors own 90.47% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on BRZE shares. Canaccord Genuity Group dropped their price target on shares of Braze from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Thursday, May 28th. Citigroup lowered their target price on shares of Braze from $49.00 to $48.00 and set a "buy" rating on the stock in a research note on Friday, May 29th. UBS Group reiterated an "outperform" rating on shares of Braze in a research note on Thursday, May 28th. Citizens Jmp restated a "market outperform" rating and issued a $35.00 price objective on shares of Braze in a research report on Thursday, May 28th. Finally, Mizuho dropped their price objective on Braze from $40.00 to $32.00 and set an "outperform" rating for the company in a research note on Thursday, May 28th. One equities research 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's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $35.06.
Read Our Latest Stock Analysis on Braze
Braze Company Profile
(
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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