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Jonathan Hyman, the Chief Technology Officer of Braze , Inc. (NASDAQ:BRZE), recently sold shares of the company’s Class A common stock, according to a filing with the Securities and Exchange Commission. The company, currently valued at $3.7 billion, has maintained strong liquidity with a current ratio of 1.98x, according to InvestingPro data. On May 19, Hyman executed a sale of 9,197 shares at a weighted average price of $35.88 per share, totaling approximately $329,988. This transaction was part of a non-discretionary sell-to-cover program to meet tax obligations related to the vesting of restricted stock units. After the sale, Hyman retains ownership of 214,024 shares, including 161,753 shares represented by restricted stock units. The stock, which has seen a 26% revenue growth over the last twelve months, currently trades near its InvestingPro Fair Value. Notably, 13 analysts have recently revised their earnings expectations upward for the upcoming period, with comprehensive insider trading analysis available through InvestingPro’s detailed research reports.
In other recent news, Braze Inc. has seen a series of analyst updates following its fiscal year 2025 performance and strategic initiatives. The company reported a 22.5% revenue growth in the fourth quarter, aligning with Wall Street expectations and showcasing strong new business momentum. Braze’s acquisition of OfferFit, valued at $325 million, is expected to enhance its AI capabilities and contribute to its growth strategy, with analysts like DA Davidson and TD Cowen viewing it as a positive development.
Analysts have adjusted their price targets for Braze, reflecting confidence in its future prospects. Citi raised its target to $55, citing strong business momentum and a solid fiscal year 2026 guidance. TD Cowen increased its target to $47, noting Braze’s consistent performance and strategic initiatives. Meanwhile, UBS maintained its Buy rating with a $51 target, highlighting Braze’s robust revenue growth and new customer acquisition.
Macquarie also adjusted its price target to $40, maintaining a neutral stance while acknowledging Braze’s progress toward profitability and future growth potential. The company’s guidance for fiscal year 2026 includes a 16% organic growth forecast, excluding OfferFit’s contributions, and a non-GAAP operating income projection of $27.5 million at the midpoint. These developments, alongside the analysts’ updates, indicate Braze’s strategic focus on expanding its market presence and enhancing its technological offerings.
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