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

Braze, Inc. (NASDAQ:BRZE) CTO Jonathan Hyman sold 6,100 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $50.50, for a total value of $308,050.00. Following the sale, 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 filing with the SEC, which is available through the SEC website.

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 shares were 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 shares were 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 shares were sold at an average price of $42.49, for a total value of $849,800.00.

Braze Stock Performance

Braze stock traded up $1.04 during mid-day trading on Monday, reaching $51.09. 713,528 shares of the company were exchanged, compared to its average volume of 752,658. The business has a fifty day moving average of $45.90 and a 200 day moving average of $41.95. The firm has a market cap of $5.05 billion, a P/E ratio of -35.73 and a beta of 1.01. Braze, Inc. has a 12-month low of $23.10 and a 12-month high of $51.48.

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

Hedge Funds Weigh In On Braze

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Braze by 296.6% during the 2nd quarter. BlackRock Inc. now owns 2,604,483 shares of the company’s stock valued at $114,050,000 after acquiring an additional 1,947,831 shares during the period. Morgan Stanley boosted its holdings in Braze by 20.1% in the 3rd quarter. Morgan Stanley now owns 5,387,736 shares of the company’s stock worth $251,769,000 after buying an additional 899,894 shares during the last quarter. Deutsche Bank AG boosted its holdings in Braze by 12,400.1% in the 1st quarter. Deutsche Bank AG now owns 852,010 shares of the company’s stock worth $29,454,000 after buying an additional 845,194 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Braze by 180.0% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,285,100 shares of the company’s stock worth $60,053,000 after buying an additional 826,100 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Braze by 167.5% in the 3rd quarter. Invesco Ltd. now owns 1,293,974 shares of the company’s stock worth $60,467,000 after buying an additional 810,295 shares during the last quarter. Hedge funds and other institutional investors own 49.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. JMP Securities raised their price objective on Braze from $46.00 to $56.00 and gave the company a “market outperform” rating in a research report on Friday, September 8th. Scotiabank increased their target price on Braze from $46.00 to $55.00 and gave the company a “sector perform” rating in a research note on Friday, September 8th. Barclays raised their price target on Braze from $50.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, September 8th. JPMorgan Chase & Co. boosted their price target on Braze from $45.00 to $52.00 and gave the company an “overweight” rating in a report on Friday, September 8th. Finally, BTIG Research boosted their price target on Braze from $50.00 to $54.00 and gave the company a “buy” rating in a report on Friday, September 8th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $53.74.

About Braze

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.