Jonathan Hyman Sells 6,930 Shares of Braze, Inc. (NASDAQ:BRZE) Stock

Braze, Inc. (NASDAQ:BRZE) CTO Jonathan Hyman sold 6,930 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $34.45, for a total value of $238,738.50. Following the completion of the transaction, the chief technology officer now owns 163,020 shares of the company’s stock, valued at $5,616,039. The trade was a 4.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Braze Stock Performance

NASDAQ:BRZE opened at $37.90 on Friday. The stock’s 50-day simple moving average is $32.92 and its 200 day simple moving average is $37.48. The company has a market cap of $3.89 billion, a P/E ratio of -32.12 and a beta of 1.03. Braze, Inc. has a 52-week low of $29.18 and a 52-week high of $61.53.

Braze (NASDAQ:BRZE) last posted its earnings results on Thursday, September 5th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.12. Braze had a negative return on equity of 25.89% and a negative net margin of 22.01%. The company had revenue of $145.50 million for the quarter, compared to the consensus estimate of $141.32 million. During the same quarter in the prior year, the business earned ($0.30) earnings per share. The firm’s revenue for the quarter was up 26.4% on a year-over-year basis. As a group, equities analysts predict that Braze, Inc. will post -1.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BRZE. Comerica Bank grew its holdings in Braze by 29.4% during the 1st quarter. Comerica Bank now owns 1,216 shares of the company’s stock worth $54,000 after acquiring an additional 276 shares during the period. Blair William & Co. IL lifted its position in shares of Braze by 2.2% during the 2nd quarter. Blair William & Co. IL now owns 12,928 shares of the company’s stock worth $502,000 after buying an additional 283 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of Braze by 17.8% during the 1st quarter. Advisors Asset Management Inc. now owns 1,917 shares of the company’s stock worth $85,000 after purchasing an additional 290 shares during the last quarter. American International Group Inc. grew its stake in Braze by 1.2% in the 1st quarter. American International Group Inc. now owns 26,369 shares of the company’s stock valued at $1,168,000 after buying an additional 310 shares in the last quarter. Finally, Amalgamated Bank grew its stake in Braze by 18.9% in the 3rd quarter. Amalgamated Bank now owns 2,253 shares of the company’s stock valued at $73,000 after buying an additional 358 shares in the last quarter. 90.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. The Goldman Sachs Group decreased their price objective on Braze from $65.00 to $47.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Piper Sandler cut their price objective on Braze from $51.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, October 10th. Loop Capital reiterated a “buy” rating and set a $75.00 target price on shares of Braze in a report on Tuesday, September 24th. UBS Group dropped their price objective on Braze from $56.00 to $51.00 and set a “buy” rating on the stock in a report on Wednesday, September 25th. Finally, Oppenheimer decreased their target price on Braze from $60.00 to $51.00 and set an “outperform” rating for the company in a research report on Tuesday, September 24th. One research analyst has rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $54.47.

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.