Braze, Inc. (NASDAQ:BRZE - Get Free Report) CTO Jonathan Hyman sold 20,000 shares of the firm's stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $45.76, for a total value of $915,200.00. Following the completion of the sale, the chief technology officer directly owned 828,219 shares in the company, valued at $37,899,301.44. The trade was a 2.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 Tuesday, October 20th, Jonathan Hyman sold 285,000 shares of Braze stock. The shares were sold at an average price of $45.33, for a total value of $12,919,050.00.
- 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 value 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 stock was sold at an average price of $30.03, for a total value of $1,051,050.00.
- 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 value 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 Price Performance
Shares of Braze stock opened at $45.67 on Tuesday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.02. The company has a market cap of $5.19 billion, a PE ratio of -44.34 and a beta of 0.91. The business has a 50 day moving average of $31.50 and a 200 day moving average of $24.73. Braze, Inc. has a 52 week low of $15.26 and a 52 week high of $45.94.
Braze (NASDAQ:BRZE - Get Free Report) last announced its quarterly earnings results on Tuesday, September 8th. The company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.03. The company had revenue of $227.23 million during the quarter, compared to analyst estimates of $220.27 million. Braze had a negative return on equity of 16.11% and a negative net margin of 13.55%. The firm's revenue was up 26.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 earnings per share. Braze has set its FY 2027 guidance at 0.640-0.650 EPS and its Q3 2027 guidance at 0.130-0.140 EPS. As a group, equities research analysts forecast that Braze, Inc. will post -0.70 earnings per share for the current year.
Institutional Investors Weigh In On Braze
Several hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp bought a new position in Braze in the first quarter worth $27,000. Harbor Investment Advisory LLC purchased a new position in Braze during the second quarter valued at $36,000. Integrated Wealth Concepts LLC purchased a new position in Braze during the second quarter valued at $50,000. Essential Partners LLC lifted its position in Braze by 109.8% during the first quarter. Essential Partners LLC now owns 2,174 shares of the company's stock valued at $51,000 after buying an additional 1,138 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Braze by 185.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,355 shares of the company's stock valued at $56,000 after buying an additional 1,531 shares in the last quarter. 90.47% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
BRZE has been the subject of several research analyst reports. BTIG Research cut shares of Braze from a "buy" rating to a "neutral" rating in a research report on Tuesday, October 20th. Stephens cut shares of Braze from an "overweight" rating to a "buy" rating and boosted their price target for the company from $34.00 to $47.50 in a research report on Wednesday, October 21st. Loop Capital cut shares of Braze from a "buy" rating to a "hold" rating and set a $47.50 price target on the stock. in a research report on Tuesday, October 20th. Wells Fargo & Company downgraded shares of Braze from an "overweight" rating to an "equal weight" rating and increased their price target for the stock from $45.00 to $47.50 in a research note on Tuesday, October 20th. Finally, Canaccord Genuity Group set a $47.50 price objective on shares of Braze in a report on Tuesday, October 20th. Five research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $43.95.
View Our Latest Stock Analysis on BRZE
About Braze
(
Get Free Report)
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.
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