Braze, Inc. (NASDAQ:BRZE – Get Free Report) CTO Jonathan Hyman sold 9,413 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $29.99, for a total transaction of $282,295.87. Following the sale, the chief technology officer directly owned 1,195,219 shares in the company, valued at approximately $35,844,617.81. The trade was a 0.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Jonathan Hyman also recently made the following trade(s):
- On Thursday, August 13th, Jonathan Hyman sold 35,000 shares of Braze stock. The shares were sold at an average price of $30.03, for a total transaction of $1,051,050.00.
- On Monday, August 10th, Jonathan Hyman sold 10,148 shares of Braze stock. The stock was sold at an average price of $27.27, for a total transaction of $276,735.96.
- On Friday, August 7th, Jonathan Hyman sold 17,895 shares of Braze stock. The stock was sold at an average price of $27.03, for a total value of $483,701.85.
Braze Price Performance
Shares of NASDAQ BRZE traded up $0.35 during mid-day trading on Friday, hitting $31.06. The company had a trading volume of 3,314,998 shares, compared to its average volume of 2,944,995. The company has a market capitalization of $3.50 billion, a PE ratio of -27.73 and a beta of 0.83. Braze, Inc. has a 1-year low of $15.26 and a 1-year high of $37.33. The business’s 50-day simple moving average is $24.49 and its 200 day simple moving average is $22.24.
Hedge Funds Weigh In On Braze
A number of large investors have recently modified their holdings of BRZE. NBC Securities Inc. acquired a new stake in shares of Braze in the 4th quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd grew its holdings in Braze by 3,650.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company’s stock worth $28,000 after acquiring an additional 803 shares during the period. Fifth Third Bancorp acquired a new position in Braze during the first quarter worth $27,000. Kemnay Advisory Services Inc. purchased a new position in Braze in the fourth quarter worth $52,000. Finally, Osaic Holdings Inc. raised its position in Braze by 821.1% in the second quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock worth $44,000 after acquiring an additional 1,404 shares in the last quarter. 90.47% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts recently commented on BRZE shares. Piper Sandler reiterated an “overweight” rating and set a $27.00 price target on shares of Braze in a research note on Thursday, May 28th. Weiss Ratings restated a “sell (e+)” rating on shares of Braze in a research note on Tuesday, July 7th. The Goldman Sachs Group set a $34.00 price objective on Braze and gave the stock a “buy” rating in a report on Wednesday, June 24th. BTIG Research lifted their target price on Braze from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Finally, Citizens Jmp reissued a “market outperform” rating and issued a $35.00 target price on shares of Braze in a report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Braze has an average rating of “Moderate Buy” and a consensus price target of $35.06.
Check Out Our Latest Analysis on BRZE
About Braze
Braze, Inc is a publicly traded software company (NASDAQ: BRZE) that offers a customer engagement platform designed to help brands build personalized relationships with their users. Founded in 2011 as Appboy by Bill Magnuson, Jon Hyman and Mark Ghermezian, the company adopted the Braze name in 2017 to underscore its focus on fostering strong connections between businesses and consumers. Its cloud-based platform consolidates messaging channels including push notifications, in-app messages, email and SMS, enabling companies to deliver timely, context-driven communications at scale.
The core functionality of Braze’s platform centers on data-driven segmentation, customer journey orchestration and real-time analytics.
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