Jonathan Hyman Sells 38,588 Shares of Braze, Inc. (NASDAQ:BRZE) Stock

Braze, Inc. (NASDAQ:BRZE) CTO Jonathan Hyman sold 38,588 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $49.95, for a total transaction of $1,927,470.60. Following the completion of the sale, the chief technology officer now owns 129,830 shares of the company’s stock, valued at approximately $6,485,008.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Jonathan Hyman also recently made the following trade(s):

• On Monday, November 20th, Jonathan Hyman sold 6,100 shares of Braze stock. The shares were sold at an average price of $50.50, for a total value of $308,050.00.
• On Wednesday, November 15th, Jonathan Hyman sold 16,809 shares of Braze stock. The shares were sold at an average price of $50.10, for a total value of $842,130.90.
• On Wednesday, October 25th, Jonathan Hyman sold 15,000 shares of Braze stock. The shares were sold at an average price of $42.71, for a total transaction of $640,650.00.
• On Wednesday, September 27th, Jonathan Hyman sold 15,000 shares of Braze stock. The stock was sold at an average price of $46.19, for a total value of $692,850.00.
• On Friday, September 8th, Jonathan Hyman sold 3,503 shares of Braze stock. The stock was sold at an average price of $50.10, for a total transaction of $175,500.30.
• On Wednesday, August 23rd, Jonathan Hyman sold 20,000 shares of Braze stock. The shares were sold at an average price of $42.49, for a total transaction of $849,800.00.

Braze Trading Up 2.1 %

NASDAQ:BRZE traded up $1.04 during trading hours on Monday, hitting $51.09. The stock had a trading volume of 713,528 shares, compared to its average volume of 752,658. The company has a market cap of $5.05 billion, a PE ratio of -35.73 and a beta of 1.01. The business has a 50 day simple moving average of $45.90 and a two-hundred day simple moving average of $41.95. Braze, Inc. has a 1-year low of $23.10 and a 1-year high of $51.48.

Braze (NASDAQ:BRZE) last released its quarterly earnings results on Thursday, September 7th. The company reported ($0.30) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.09. Braze had a negative net margin of 33.51% and a negative return on equity of 29.85%. The business had revenue of $115.11 million during the quarter, compared to analyst estimates of $108.47 million. Research analysts expect that Braze, Inc. will post -1.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BRZE. Diversified Trust Co acquired a new stake in shares of Braze in the 3rd quarter valued at about $572,000. Morgan Stanley raised its stake in Braze by 20.1% during the third quarter. Morgan Stanley now owns 5,387,736 shares of the company’s stock valued at $251,769,000 after buying an additional 899,894 shares in the last quarter. Penserra Capital Management LLC lifted its holdings in Braze by 375.8% during the 3rd quarter. Penserra Capital Management LLC now owns 55,982 shares of the company’s stock worth $2,616,000 after buying an additional 44,217 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Braze by 76.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 25,914 shares of the company’s stock valued at $1,211,000 after acquiring an additional 11,260 shares during the last quarter. Finally, GSA Capital Partners LLP raised its position in shares of Braze by 55.6% during the 3rd quarter. GSA Capital Partners LLP now owns 11,704 shares of the company’s stock valued at $547,000 after acquiring an additional 4,181 shares in the last quarter. Institutional investors and hedge funds own 49.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on BRZE shares. Wells Fargo & Company lifted their target price on shares of Braze from $43.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $60.00 target price on shares of Braze in a research note on Wednesday, October 18th. The Goldman Sachs Group raised their price target on Braze from $48.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, September 8th. Oppenheimer upped their price objective on Braze from $42.00 to $52.00 and gave the company an “outperform” rating in a research report on Friday, September 8th. Finally, Canaccord Genuity Group lifted their price objective on Braze from $48.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, September 8th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $53.74.

Braze Company Profile

Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. The company offers data ingestion products, such as Braze software development kits that automatically manage data ingestion and deliver mobile and web notifications, in-application/in-browser interstitial messages, and content cards; REST API that can be used to import or export data or to trigger workflows between Braze and brands' existing technology stacks; partner cohort syncing, which allow brands to sync user cohorts from partners; and Braze Cloud Data Ingestion that enables brands to harness their customer data.