Braze, Inc. (NASDAQ:BRZE) CTO Jonathan Hyman Sells 6,100 Shares

Braze, Inc. (NASDAQ:BRZE) CTO Jonathan Hyman sold 6,100 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $50.50, for a total value of $308,050.00. Following the transaction, the chief technology officer now owns 129,830 shares of the company’s stock, valued at $6,556,415. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, November 17th, Jonathan Hyman sold 38,588 shares of Braze stock. The stock was sold at an average price of $49.95, for a total value of $1,927,470.60.
• On Wednesday, November 15th, Jonathan Hyman sold 16,809 shares of Braze stock. The stock was 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 stock was sold at an average price of $42.71, for a total value 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 value of $175,500.30.
• On Wednesday, August 23rd, Jonathan Hyman sold 20,000 shares of Braze stock. The stock was sold at an average price of $42.49, for a total value of $849,800.00.

Braze Stock Up 2.1 %

BRZE stock traded up $1.04 during midday trading on Monday, hitting $51.09. The company’s stock had a trading volume of 713,528 shares, compared to its average volume of 752,658. The stock’s 50-day moving average price is $45.90 and its 200 day moving average price is $41.95. Braze, Inc. has a 1 year low of $23.10 and a 1 year high of $51.48. The stock has a market cap of $5.05 billion, a price-to-earnings ratio of -35.73 and a beta of 1.01.

Braze (NASDAQ:BRZE) last posted its quarterly earnings data on Thursday, September 7th. The company reported ($0.30) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.09. Braze had a negative return on equity of 29.85% and a negative net margin of 33.51%. The business had revenue of $115.11 million for the quarter, compared to analysts’ expectations of $108.47 million. As a group, equities analysts forecast that Braze, Inc. will post -1.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BRZE shares. Citigroup assumed coverage on Braze in a report on Tuesday, September 5th. They issued a “buy” rating and a $60.00 target price for the company. The Goldman Sachs Group boosted their price objective on Braze from $48.00 to $55.00 and gave the company a “buy” rating in a report on Friday, September 8th. Needham & Company LLC restated a “buy” rating and set a $60.00 price objective on shares of Braze in a report on Wednesday, October 18th. JMP Securities boosted their price objective on Braze from $46.00 to $56.00 and gave the company a “market outperform” rating in a report on Friday, September 8th. Finally, Wells Fargo & Company boosted their price objective on Braze from $43.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, September 5th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Braze currently has an average rating of “Moderate Buy” and a consensus price target of $53.74.

Institutional Trading of Braze

Several hedge funds have recently made changes to their positions in the company. Diversified Trust Co bought a new stake in shares of Braze in the third quarter valued at $572,000. Morgan Stanley raised its stake in shares of Braze by 20.1% in 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 during the period. Penserra Capital Management LLC raised its stake in shares of Braze by 375.8% in the third quarter. Penserra Capital Management LLC now owns 55,982 shares of the company’s stock valued at $2,616,000 after buying an additional 44,217 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Braze by 76.8% in the third quarter. The Manufacturers Life Insurance Company now owns 25,914 shares of the company’s stock valued at $1,211,000 after buying an additional 11,260 shares during the period. Finally, GSA Capital Partners LLP raised its stake in shares of Braze by 55.6% in the third quarter. GSA Capital Partners LLP now owns 11,704 shares of the company’s stock valued at $547,000 after buying an additional 4,181 shares during the period. 49.47% of the stock is currently owned by institutional investors.

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.