Interactive Brokers shares jump as it secures spot in S&P 500
NEW YORK—Hyman Jonathan, the Chief Technology Officer of Braze Inc. (NASDAQ:BRZE), a $4.3 billion market cap company showing strong revenue growth of 28% year-over-year, recently executed a sale of company shares, according to a filing with the Securities and Exchange Commission. InvestingPro analysis shows the company maintains a healthy balance sheet with more cash than debt. On February 18, Jonathan sold 5,210 shares of Braze’s Class A common stock. The shares were sold at a weighted average price of $40.82, amounting to a total transaction value of approximately $212,672. The transaction occurred near the stock’s current trading level of $40.66, with analysts maintaining a bullish stance supported by 16 recent upward earnings revisions.
This transaction was part of a non-discretionary sell-to-cover program implemented by Braze to satisfy tax withholding obligations related to the vesting of Jonathan’s restricted stock units. Following this sale, Jonathan holds 157,810 shares, with 112,735 of those shares represented by restricted stock units.
The shares were sold in a series of transactions at prices ranging from $40.82 to $41.36. Jonathan has committed to providing detailed information about the number of shares sold at each price upon request.
In other recent news, Braze Inc. has been the subject of several analyst evaluations following its recent financial disclosures and strategic developments. JMP Securities has maintained a Market Outperform rating with a price target of $68, highlighting Braze’s record bookings for the fourth fiscal quarter of 2025 and suggesting confidence in the company’s ability to meet or exceed revenue expectations. Raymond (NSE:RYMD) James also reiterated an Outperform rating with a $48 price target, noting management changes and the potential for a more consistent bookings trajectory in the long term. Meanwhile, Needham adjusted its price target to $50, down from $70, but retained a Buy rating, citing the company’s positive third-quarter earnings and growth in calculated remaining performance obligations (cRPO). Piper Sandler increased its price target to $48 from $44, maintaining an Overweight rating, and emphasized Braze’s 24% increase in subscription revenue and cRPO, along with advancements in artificial intelligence initiatives. DA Davidson also adjusted its price target to $50 while maintaining a Buy rating, acknowledging Braze’s positive non-GAAP net income and strategic management amid current market dynamics. These developments indicate a mix of optimism and caution among analysts, with a focus on Braze’s financial performance and strategic initiatives.
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