Jonathan Hyman, Chief Technology Officer at Braze , Inc. (NASDAQ:BRZE), recently sold 6,930 shares of the company's Class A common stock. The shares were sold at an average price of $34.45, totaling approximately $238,738. This transaction was part of a non-discretionary sell-to-cover program aimed at fulfilling tax obligations related to the vesting of restricted stock units. Following this sale, Hyman retains ownership of 163,020 shares, including 125,040 shares represented by restricted stock units. The shares were sold in a series of transactions with prices ranging from $34.12 to $34.45.
In other recent news, Braze Inc. reported a 26% increase in its fiscal second quarter 2025 revenue, reaching $145.5 million, and added 61 new customers, bringing the total to 2,163. The company's third quarter revenue is projected to be between $147.5 million and $148.5 million, with full fiscal year 2025 revenue expected to be between $582.5 million and $585.5 million. Stifel initiated coverage on Braze with a Buy rating and a price target of $37.00, acknowledging Braze's strong positioning in the customer engagement software space. Other firms including DA Davidson, BTIG, JPMorgan (NYSE:JPM), and Goldman Sachs (NYSE:GS) have also maintained their Buy ratings on Braze, citing the company's strong market position and growth potential. DA Davidson has revised the price target for Braze shares to $55, while BTIG maintained a $62.00 price target. These recent developments suggest a positive outlook for Braze Inc, with analysts from multiple firms expressing increased confidence in Braze's long-term growth prospects.
InvestingPro Insights
As we delve deeper into Braze, Inc.'s recent insider transaction, it's worth considering some key financial metrics and insights from InvestingPro that provide context to the company's current position.
According to InvestingPro data, Braze has a market capitalization of $3.72 billion, reflecting its significant presence in the software industry. The company's revenue for the last twelve months as of Q2 2025 stood at $535.87 million, with an impressive revenue growth of 31.12% over the same period. This strong top-line performance underscores the company's ability to expand its customer base and increase sales in a competitive market.
InvestingPro Tips highlight that Braze holds more cash than debt on its balance sheet, indicating a strong liquidity position. This financial flexibility could be particularly valuable as the company continues to invest in growth initiatives. Additionally, Braze's liquid assets exceed its short-term obligations, further reinforcing its solid financial footing.
However, it's important to note that Braze is not currently profitable, with a negative P/E ratio of -30.29. This is not uncommon for high-growth technology companies that prioritize market expansion over immediate profitability. Interestingly, InvestingPro Tips reveal that analysts predict the company will turn profitable this year, which could be a significant catalyst for the stock if realized.
The company's Price to Book ratio stands at 8.2, which some investors might consider high. This valuation metric suggests that the market has high expectations for Braze's future growth and profitability.
For investors seeking more comprehensive analysis, InvestingPro offers additional tips and insights. In fact, there are 6 more InvestingPro Tips available for Braze, which could provide valuable perspective on the company's financial health and market position.
As Jonathan Hyman's recent stock sale was part of a tax-related program and not necessarily indicative of his outlook on the company, these financial metrics and InvestingPro insights offer a more holistic view of Braze's current standing and potential future performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.