Braze (BRZE) CTO Jonathan Hyman Sells $13M of Stock
Key Points
- Braze, Inc. Chief Technology Officer Jonathan Hyman sold 285,000 shares on October 20, 2026, at a price of $45.33 per share.
- After the trade, Jonathan Hyman holds 848,219 $BRZE shares, down 25.15% from before the trade.
- The stock recently traded near its 52-week high around $45.86 as of October 22, 2026, sitting well above its 50-day moving average.
- Several Wall Street firms adjusted their views on the software company following recent market moves, with a consensus hold rating.
Since the trade, $BRZE is up 0.6% to date (from the $45.57 close on Oct 20, 2026).
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Braze, Inc. Chief Technology Officer Jonathan Hyman sold 285,000 shares of the company on October 20, 2026. According to a Form 4 filed with the SEC, the transaction took place at a price of $45.33 per share, totaling roughly $12.9 million.
BRZE
Braze, Inc.
Inside Jonathan Hyman's Braze Trade
The sale was executed under a pre-arranged Rule 10b5-1 trading plan. Following the transaction, Hyman directly holds 848,219 shares of Braze, cutting his personal stake by about 25.1%. The stock closed at $45.57 on the day of the trade.
Other Institutional Activity in Braze
Other large funds have adjusted their positions in the software maker over recent reporting periods. Pictet Asset Management Holding SA lifted its holdings significantly, ending with 5,049,223 shares valued at about $231.6 million. Battery Management Corp. kept its holdings steady at 4,628,289 shares worth approximately $212.3 million. Meanwhile, Millennium Management Llc reduced its stake by 594,498 shares, finishing with 3,789,708 shares valued at roughly $173.8 million.
Braze, Inc. Stock Up 0.4%
Trading near $45.86 as of October 22, 2026, shares of Braze sit just below their 52-week high of $45.94. The recent price remains well above the 50-day moving average of $28.89 and towers over the 200-day moving average of $24.05. This strong run puts the stock right near analyst price targets, trading just 3.5% below the mean target of $47.54 ahead of the next earnings report scheduled for December 8, 2026.
Recent Earnings
Braze reported trailing twelve month revenue of $834.2 million alongside a net margin of -13.6% and a return on equity of -18.5%.
Insider Buying and Selling at Braze, Inc.
Earlier insider transactions included multiple sales by Chief Technology Officer Jonathan Hyman and other officers during August 2026.
Analysts Set New Price Targets
On October 20, 2026, Wells Fargo downgraded the stock to an Equal-Weight rating with a $47.50 price target. Later, firms including Stephens & Co., TD Cowen, Barclays, and Citigroup also adjusted their ratings and targets.
About Braze, Inc.
Braze, Inc. builds customer engagement software that helps brands manage real-time interactions with consumers across different channels. The New York-based technology company operates in the application software sector, serving clients worldwide.
Bottom Line
Investors will look toward the company's next earnings report on December 8, 2026, for further details on financial growth and customer engagement metrics.
Related Filing Alerts
Source: Jonathan Hyman's Form 4 filing on $BRZE (Oct 20, 2026). Written by software, not financial advice. How we make alerts