Braze (NASDAQ:BRZE) Stock Price Up 5.3% After Analyst Upgrade

Braze, Inc. (NASDAQ:BRZE) shares rose 5.3% during trading on Wednesday after BTIG Research upgraded the stock to a strong-buy rating. The stock traded as high as $35.99 and last traded at $35.7410. Approximately 685,646 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 1,591,624 shares. The stock had previously closed at $33.94.

Several other research analysts have also issued reports on the company. Stifel Nicolaus upped their target price on Braze from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. JMP Securities restated a “market outperform” rating and set a $68.00 price target on shares of Braze in a research note on Friday, September 5th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $68.00 price objective on shares of Braze in a research report on Wednesday, December 10th. DA Davidson lifted their target price on shares of Braze from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Finally, Barclays boosted their target price on shares of Braze from $39.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.95.

Insider Buying and Selling at Braze

In related news, CAO Pankaj Malik sold 5,540 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $35.76, for a total transaction of $198,110.40. Following the completion of the transaction, the chief accounting officer directly owned 53,572 shares in the company, valued at $1,915,734.72. The trade was a 9.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Susan Wiseman sold 4,456 shares of the stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $27.57, for a total value of $122,851.92. Following the sale, the general counsel directly owned 219,794 shares in the company, valued at $6,059,720.58. This represents a 1.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 69,923 shares of company stock worth $1,917,418. Corporate insiders own 18.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Quarry LP boosted its position in Braze by 296.0% in the 1st quarter. Quarry LP now owns 796 shares of the company’s stock worth $29,000 after purchasing an additional 595 shares in the last quarter. SBI Securities Co. Ltd. lifted its stake in shares of Braze by 173.3% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,372 shares of the company’s stock valued at $39,000 after purchasing an additional 870 shares during the period. Osaic Holdings Inc. lifted its stake in shares of Braze by 821.1% in the 2nd quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock valued at $44,000 after purchasing an additional 1,404 shares during the period. Clearstead Advisors LLC boosted its holdings in Braze by 58.2% during the third quarter. Clearstead Advisors LLC now owns 1,685 shares of the company’s stock worth $48,000 after buying an additional 620 shares in the last quarter. Finally, Covestor Ltd grew its position in Braze by 35.7% during the third quarter. Covestor Ltd now owns 2,894 shares of the company’s stock valued at $82,000 after buying an additional 761 shares during the period. 90.47% of the stock is currently owned by hedge funds and other institutional investors.

Braze Stock Down 0.5%

The company’s 50-day moving average is $28.90 and its 200 day moving average is $28.66. The company has a market cap of $3.95 billion, a price-to-earnings ratio of -32.25 and a beta of 1.10.

Braze (NASDAQ:BRZE) last posted its earnings results on Tuesday, December 9th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. Braze had a negative net margin of 16.85% and a negative return on equity of 17.87%. The business had revenue of $190.84 million for the quarter, compared to analyst estimates of $198.25 million. During the same period in the prior year, the company posted $0.02 EPS. The company’s revenue for the quarter was up 25.5% on a year-over-year basis. Braze has set its FY 2026 guidance at 0.420-0.430 EPS and its Q4 2026 guidance at 0.130-0.140 EPS. Analysts predict that Braze, Inc. will post -0.98 EPS for the current fiscal year.

Braze Company Profile

Braze, Inc is a publicly traded software company (NASDAQ: BRZE) that offers a customer engagement platform designed to help brands build personalized relationships with their users. Founded in 2011 as Appboy by Bill Magnuson, Jon Hyman and Mark Ghermezian, the company adopted the Braze name in 2017 to underscore its focus on fostering strong connections between businesses and consumers. Its cloud-based platform consolidates messaging channels including push notifications, in-app messages, email and SMS, enabling companies to deliver timely, context-driven communications at scale.

The core functionality of Braze’s platform centers on data-driven segmentation, customer journey orchestration and real-time analytics.