Braze (NASDAQ:BRZE) Releases Q1 Earnings Guidance

Braze (NASDAQ:BRZE) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $(0.11)-$(0.10) for the period, compared to the consensus earnings per share estimate of ($0.05). The company issued revenue guidance of $131-132 million, compared to the consensus revenue estimate of $127.74 million. Braze also updated its FY 2025 guidance to -0.120–0.080 EPS.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. BTIG Research upped their price objective on shares of Braze from $60.00 to $75.00 and gave the company a buy rating in a research note on Thursday, December 7th. The Goldman Sachs Group increased their price target on Braze from $55.00 to $63.00 and gave the company a buy rating in a report on Thursday, December 7th. Canaccord Genuity Group lowered their price objective on Braze from $70.00 to $65.00 and set a buy rating on the stock in a research note on Thursday. JMP Securities upped their target price on Braze from $56.00 to $68.00 and gave the company a market outperform rating in a report on Thursday, December 7th. Finally, TD Cowen lowered their price target on shares of Braze from $68.00 to $65.00 and set a buy rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $64.29.

Braze Stock Down 12.4 %

Braze stock opened at $44.30 on Friday. Braze has a 52-week low of $25.76 and a 52-week high of $61.53. The firm has a market cap of $4.42 billion, a PE ratio of -31.87 and a beta of 1.21. The company’s 50 day moving average is $54.88 and its two-hundred day moving average is $51.19.

Insider Activity

In other Braze news, CAO Pankaj Malik sold 1,000 shares of the company’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $53.73, for a total transaction of $53,730.00. Following the sale, the chief accounting officer now owns 77,853 shares in the company, valued at approximately $4,183,041.69. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CAO Pankaj Malik sold 1,000 shares of the stock in a transaction on Friday, January 12th. The stock was sold at an average price of $53.73, for a total value of $53,730.00. Following the transaction, the chief accounting officer now owns 77,853 shares of the company’s stock, valued at $4,183,041.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Isabelle Winkles sold 5,489 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $57.51, for a total value of $315,672.39. Following the completion of the sale, the chief financial officer now owns 282,564 shares in the company, valued at $16,250,255.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 75,471 shares of company stock worth $4,196,153. Corporate insiders own 26.48% of the company’s stock.

Institutional Investors Weigh In On Braze

Several institutional investors have recently added to or reduced their stakes in BRZE. Tower Research Capital LLC TRC raised its holdings in Braze by 3,058.5% during the second quarter. Tower Research Capital LLC TRC now owns 5,022 shares of the company’s stock worth $220,000 after purchasing an additional 4,863 shares in the last quarter. Gotham Asset Management LLC purchased a new position in shares of Braze in the 3rd quarter valued at $213,000. Royal Bank of Canada raised its stake in Braze by 788.6% during the 2nd quarter. Royal Bank of Canada now owns 4,603 shares of the company’s stock worth $202,000 after acquiring an additional 4,085 shares in the last quarter. Amundi acquired a new stake in Braze during the 4th quarter worth $179,000. Finally, JPMorgan Chase & Co. purchased a new stake in Braze in the second quarter valued at $140,000. Hedge funds and other institutional investors own 90.47% of the company’s stock.

About Braze

Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. The company offers data ingestion products, such as Braze software development kits that automatically manage data ingestion and deliver mobile and web notifications, in-application/in-browser interstitial messages, and content cards; REST API that can be used to import or export data or to trigger workflows between Braze and brands' existing technology stacks; partner cohort syncing, which allow brands to sync user cohorts from partners; and Braze Cloud Data Ingestion that enables brands to harness their customer data.