Braze, Inc. (NASDAQ:BRZE - Get Free Report) CTO Jonathan Hyman sold 42,000 shares of the company's stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $32.47, for a total value of $1,363,740.00. Following the completion of the sale, the chief technology officer owned 1,143,219 shares in the company, valued at $37,120,320.93. This represents a 3.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 24th, Jonathan Hyman sold 10,000 shares of Braze stock. The stock was sold at an average price of $31.04, for a total transaction of $310,400.00.
- 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 value of $483,701.85.
Braze Stock Up 1.3%
Shares of Braze stock opened at $34.53 on Friday. Braze, Inc. has a fifty-two week low of $15.26 and a fifty-two week high of $37.33. The business's fifty day moving average is $25.85 and its two-hundred day moving average is $22.77. The firm has a market cap of $3.89 billion, a PE ratio of -30.83 and a beta of 0.83.
Braze (NASDAQ:BRZE - Get Free Report) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.10 EPS for the quarter, meeting analysts' consensus estimates of $0.10. The business had revenue of $211.00 million during the quarter, compared to the consensus estimate of $205.19 million. Braze had a negative return on equity of 17.52% and a negative net margin of 15.51%.The business's revenue for the quarter was up 30.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.07 earnings per share. Equities research analysts anticipate that Braze, Inc. will post -0.78 EPS for the current year.
Braze News Roundup
Here are the key news stories impacting Braze this week:
- Positive Sentiment: Oppenheimer raised its price target to $36 from $30 and maintained an “outperform” rating, citing improving AI momentum. The new target implies additional upside from recent trading levels. Oppenheimer raises Braze price target
- Positive Sentiment: Recent earnings momentum remains supportive. Braze reported quarterly revenue of $211 million, above the $205.2 million consensus estimate, with revenue up 30.2% year over year. Coverage also highlighted a quarterly earnings beat and raised guidance, reinforcing the growth narrative. Braze earnings beat and raised guidance
- Positive Sentiment: Analyst sentiment is broadly favorable. Braze has attracted positive coverage focused on its AI opportunity, and the stock’s consensus rating is “Moderate Buy,” with an average price target near $35.06. Braze AI momentum builds
- Neutral Sentiment: Analysts have differing views on Braze’s longer-term outlook, particularly regarding growth expectations in the second half of fiscal 2027. This could limit enthusiasm despite the favorable near-term AI narrative. Analysts have conflicting sentiments on Braze
- Negative Sentiment: CTO Jonathan Hyman sold 42,000 shares for approximately $1.36 million on August 27, following a 10,000-share sale earlier in the week and several other August sales. The transactions were conducted under a pre-arranged Rule 10b5-1 plan, reducing their signaling value, but the repeated selling may still weigh on sentiment. Braze CTO insider sale filing
Hedge Funds Weigh In On Braze
Several hedge funds and other institutional investors have recently modified their holdings of BRZE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Braze by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,224 shares of the company's stock worth $1,415,000 after purchasing an additional 1,700 shares during the period. Intech Investment Management LLC raised its holdings in Braze by 18.8% in the first quarter. Intech Investment Management LLC now owns 40,281 shares of the company's stock valued at $1,453,000 after buying an additional 6,379 shares during the period. Prudential Financial Inc. acquired a new position in Braze during the second quarter valued at approximately $272,000. Russell Investments Group Ltd. lifted its position in Braze by 1,353.0% during the second quarter. Russell Investments Group Ltd. now owns 9,619 shares of the company's stock valued at $270,000 after buying an additional 8,957 shares in the last quarter. Finally, Amundi grew its stake in Braze by 8.9% during the second quarter. Amundi now owns 32,581 shares of the company's stock worth $918,000 after buying an additional 2,657 shares during the period. 90.47% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several analysts have commented on BRZE shares. Stifel Nicolaus set a $30.00 price target on Braze in a report on Thursday, May 28th. DA Davidson reiterated a "buy" rating and set a $33.00 price objective on shares of Braze in a report on Thursday, May 28th. BTIG Research raised their target price on shares of Braze from $30.00 to $35.00 and gave the stock a "buy" rating in a research report on Friday, August 14th. JPMorgan Chase & Co. upped their price target on shares of Braze from $33.00 to $35.00 and gave the stock an "overweight" rating in a research report on Monday, July 6th. Finally, Oppenheimer increased their price target on shares of Braze from $30.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Braze has an average rating of "Moderate Buy" and an average price target of $35.76.
Check Out Our Latest Analysis on BRZE
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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