Braze (NASDAQ:BRZE) Shares Gap Up – What’s Next?

Shares of Braze, Inc. (NASDAQ:BRZE) gapped up before the market opened on Wednesday . The stock had previously closed at $21.69, but opened at $22.64. Braze shares last traded at $23.0950, with a volume of 168,820 shares traded.

Wall Street Analysts Forecast Growth

BRZE has been the subject of several research reports. Piper Sandler reiterated an “overweight” rating and set a $27.00 price objective on shares of Braze in a research note on Thursday, May 28th. DA Davidson reaffirmed a “buy” rating and set a $33.00 price objective on shares of Braze in a research note on Thursday, May 28th. The Goldman Sachs Group set a $34.00 target price on shares of Braze and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Barclays upped their price target on Braze from $29.00 to $31.00 and gave the company an “overweight” rating in a research report on Wednesday, March 25th. Finally, Needham & Company LLC reissued a “buy” rating and set a $50.00 price objective on shares of Braze in a research note on Wednesday, March 25th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $34.65.

Braze Price Performance

The company has a market cap of $2.68 billion, a PE ratio of -21.26 and a beta of 0.85. The company’s 50 day simple moving average is $22.26 and its two-hundred day simple moving average is $23.23.

Braze (NASDAQ:BRZE) last released its quarterly earnings results on Wednesday, May 27th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. Braze had a negative net margin of 15.51% and a negative return on equity of 17.52%. The business had revenue of $211.00 million for the quarter, compared to the consensus estimate of $205.19 million. During the same period in the previous year, the firm earned $0.07 EPS. The business’s revenue was up 30.2% on a year-over-year basis. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. Sell-side analysts expect that Braze, Inc. will post -0.76 EPS for the current fiscal year.

Insider Transactions at Braze

In other Braze news, General Counsel Susan Wiseman sold 35,000 shares of the business’s stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $20.29, for a total value of $710,150.00. Following the sale, the general counsel owned 209,424 shares of the company’s stock, valued at $4,249,212.96. The trade was a 14.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 12.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Braze

A number of institutional investors have recently modified their holdings of BRZE. Vanguard Group Inc. boosted its holdings in Braze by 10.0% during the 4th quarter. Vanguard Group Inc. now owns 9,851,050 shares of the company’s stock valued at $337,793,000 after acquiring an additional 892,635 shares during the period. Dana Investment Advisors Inc. purchased a new stake in Braze during the fourth quarter worth about $1,980,000. SG Americas Securities LLC increased its stake in Braze by 5,412.5% during the fourth quarter. SG Americas Securities LLC now owns 289,790 shares of the company’s stock worth $9,937,000 after purchasing an additional 284,533 shares during the period. Jefferies Financial Group Inc. lifted its position in shares of Braze by 412.2% during the third quarter. Jefferies Financial Group Inc. now owns 99,761 shares of the company’s stock worth $2,837,000 after purchasing an additional 80,285 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Braze by 6.0% during the third quarter. JPMorgan Chase & Co. now owns 2,455,367 shares of the company’s stock worth $69,831,000 after purchasing an additional 139,133 shares in the last quarter. 90.47% of the stock is owned by institutional investors and hedge funds.

About Braze

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.