Braze, Inc. (NASDAQ:BRZE) CTO Jonathan Hyman Sells 5,000 Shares of Stock

Braze, Inc. (NASDAQ:BRZE – Get Rating) CTO Jonathan Hyman sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $42.53, for a total value of $212,650.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, July 25th, Jonathan Hyman sold 10,000 shares of Braze stock. The stock was sold at an average price of $39.89, for a total value of $398,900.00.
• On Monday, June 27th, Jonathan Hyman sold 10,000 shares of Braze stock. The stock was sold at an average price of $40.03, for a total value of $400,300.00.
• On Friday, June 24th, Jonathan Hyman sold 10,000 shares of Braze stock. The stock was sold at an average price of $40.00, for a total value of $400,000.00.
• On Thursday, June 16th, Jonathan Hyman sold 43,500 shares of Braze stock. The shares were sold at an average price of $32.59, for a total value of $1,417,665.00.

Braze Stock Up 1.9 %

Shares of Braze stock opened at $44.28 on Tuesday. Braze, Inc. has a 12 month low of $27.09 and a 12 month high of $98.78. The business has a fifty day simple moving average of $38.05 and a 200 day simple moving average of $41.69.

Braze (NASDAQ:BRZE – Get Rating) last announced its quarterly earnings data on Monday, June 13th. The company reported ($0.37) EPS for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.07. The company had revenue of $77.50 million for the quarter, compared to analyst estimates of $72.50 million. As a group, equities research analysts expect that Braze, Inc. will post -1.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Braze

A number of institutional investors have recently made changes to their positions in the stock. ICONIQ Capital LLC grew its stake in shares of Braze by 134.2% during the first quarter. ICONIQ Capital LLC now owns 7,206,133 shares of the company’s stock worth $298,839,000 after purchasing an additional 4,128,680 shares during the period. Interwest Venture Management Co. acquired a new position in Braze in the first quarter valued at about $140,758,000. Sapphire Ventures L.L.C. acquired a new position in Braze in the fourth quarter valued at about $134,674,000. Spark Growth Management Partners II LLC acquired a new position in Braze in the first quarter valued at about $55,888,000. Finally, Alliancebernstein L.P. acquired a new position in Braze in the fourth quarter valued at about $68,082,000. 23.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BRZE. Cowen cut their price objective on Braze from $60.00 to $54.00 and set an “outperform” rating for the company in a research report on Thursday, June 23rd. JPMorgan Chase & Co. cut their price objective on Braze from $65.00 to $42.00 in a research report on Tuesday, June 14th. UBS Group began coverage on Braze in a research report on Tuesday, July 12th. They issued a “buy” rating and a $53.00 price objective for the company. Cowen cut their price objective on Braze from $60.00 to $54.00 and set an “outperform” rating for the company in a research report on Thursday, June 23rd. Finally, JMP Securities cut their price objective on Braze from $75.00 to $52.00 and set a “market outperform” rating for the company in a research report on Tuesday, June 14th. Sixteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $52.80.

Braze Company Profile

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Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. It offers data ingestion products, such as Braze software development kits that automatically manage data ingestion and the delivery of mobile and web notifications, in-application/in-browser interstitial messages, and content cards, as well as can be integrated into a range of digital interfaces and application development frameworks; REST API that can be used to import or export data or to trigger workflows between Braze and brands' existing technology stacks; and partner cohort syncing, which allow brands to sync user cohorts from partners.