Jonathan Hyman Sells 1,000 Shares of Braze, Inc. (NASDAQ:BRZE) Stock

Braze, Inc. (NASDAQ:BRZE) CTO Jonathan Hyman sold 1,000 shares of Braze stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $42.44, for a total value of $42,440.00. Following the sale, the chief technology officer now owns 183,258 shares of the company’s stock, valued at $7,777,469.52. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Friday, February 16th, Jonathan Hyman sold 3,730 shares of Braze stock. The shares were sold at an average price of $57.51, for a total transaction of $214,512.30.

Braze Price Performance

Braze stock opened at $42.08 on Wednesday. Braze, Inc. has a 52-week low of $27.98 and a 52-week high of $61.53. The stock has a fifty day moving average price of $46.48 and a two-hundred day moving average price of $50.37. The firm has a market capitalization of $4.24 billion, a P/E ratio of -31.64 and a beta of 1.13.

Braze (NASDAQ:BRZE) last announced its earnings results on Wednesday, March 27th. The company reported ($0.29) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.02. The business had revenue of $130.96 million during the quarter, compared to analysts’ expectations of $124.55 million. Braze had a negative net margin of 27.44% and a negative return on equity of 28.24%. On average, equities research analysts predict that Braze, Inc. will post -1.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BRZE. 1832 Asset Management L.P. increased its holdings in Braze by 537.4% during the 4th quarter. 1832 Asset Management L.P. now owns 1,527,100 shares of the company’s stock valued at $81,135,000 after purchasing an additional 1,287,500 shares in the last quarter. Morgan Stanley grew its holdings in shares of Braze by 20.1% during the third quarter. Morgan Stanley now owns 5,387,736 shares of the company’s stock worth $251,769,000 after purchasing an additional 899,894 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Braze by 180.0% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,285,100 shares of the company’s stock valued at $60,053,000 after buying an additional 826,100 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Braze by 167.5% in the third quarter. Invesco Ltd. now owns 1,293,974 shares of the company’s stock valued at $60,467,000 after buying an additional 810,295 shares during the last quarter. Finally, Norges Bank acquired a new position in Braze during the 4th quarter worth about $37,584,000. 90.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on BRZE shares. DA Davidson reissued a “buy” rating and issued a $65.00 target price on shares of Braze in a research report on Monday, March 25th. Scotiabank reduced their price objective on Braze from $65.00 to $58.00 and set a “sector perform” rating for the company in a research report on Thursday, March 28th. Oppenheimer reaffirmed an “outperform” rating and set a $75.00 target price on shares of Braze in a research report on Thursday, March 28th. Piper Sandler reissued an “overweight” rating and issued a $66.00 price target on shares of Braze in a report on Friday, April 5th. Finally, Canaccord Genuity Group dropped their price objective on shares of Braze from $65.00 to $50.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $64.12.

About Braze

Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. The company offers 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 Data Integrations, which allow brands to sync user cohorts from partners; Data Transformation, in which brands can programmatically sync and transform user data; and Braze Cloud Data Ingestion that enables brands to harness their customer data.