Key Points
- Braze CRO Edward Mcdonnell sold 29,732 shares at an average price of $31.38, generating approximately $933,000. The Rule 10b5-1 transaction reduced his direct ownership by 6.77% to 409,630 shares.
- Braze reported quarterly EPS of $0.10, in line with analyst expectations, while revenue of $211 million exceeded estimates and grew 30.2% year over year. Analysts expect a full-year loss of approximately $0.78 per share.
- Institutional investors own 90.47% of Braze’s shares, and Wall Street maintains a “Moderate Buy” consensus with an average price target of $35.06, above the stock’s reported opening price of $30.81.
Braze, Inc. (NASDAQ:BRZE - Get Free Report) CTO Jonathan Hyman sold 10,000 shares of the business's stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $31.04, for a total transaction of $310,400.00. Following the completion of the transaction, the chief technology officer directly owned 1,185,219 shares in the company, valued at $36,789,197.76. This trade represents a 0.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 Wednesday, August 19th, Jonathan Hyman sold 9,413 shares of Braze stock. The shares were sold at an average price of $29.99, for a total transaction of $282,295.87.
- On Thursday, August 13th, Jonathan Hyman sold 35,000 shares of Braze stock. The stock was 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 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 Up 0.0%
Braze stock opened at $30.81 on Thursday. The firm has a 50 day moving average price of $25.28 and a 200-day moving average price of $22.57. Braze, Inc. has a twelve month low of $15.26 and a twelve month high of $37.33. The company has a market capitalization of $3.47 billion, a P/E ratio of -27.51 and a beta of 0.83.
Braze (NASDAQ:BRZE - Get Free Report) last posted its quarterly earnings data on Wednesday, May 27th. The company reported $0.10 EPS for the quarter, meeting the consensus estimate 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 for the quarter, compared to the consensus estimate of $205.19 million. During the same quarter in the prior year, the business earned $0.07 earnings per share. Braze's revenue for the quarter was up 30.2% on a year-over-year basis. Equities analysts expect that Braze, Inc. will post -0.78 EPS for the current fiscal year.
Analysts Set New Price Targets
BRZE has been the subject of several research reports. The Goldman Sachs Group set a $34.00 price target on Braze and gave the stock a "buy" rating in a research note on Wednesday, June 24th. Cantor Fitzgerald reiterated an "overweight" rating and set a $38.00 target price on shares of Braze in a research report on Thursday, May 28th. Canaccord Genuity Group lowered their price target on shares of Braze from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Thursday, May 28th. Citizens Jmp restated a "market outperform" rating and set a $35.00 price target on shares of Braze in a research note on Thursday, May 28th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $33.00 price objective on shares of Braze in a report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Braze currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.06.
Get Our Latest Stock Report on BRZE
Institutional Investors Weigh In On Braze
Institutional investors and hedge funds have recently made changes to their positions in the business. NBC Securities Inc. bought a new stake in 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 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. Harbor Investment Advisory LLC purchased a new stake in shares of Braze in the 2nd quarter valued at about $36,000. Finally, Osaic Holdings Inc. raised its holdings in shares of 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 acquiring an additional 1,404 shares in the last quarter. Hedge funds and other institutional investors own 90.47% of the company's stock.
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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