Braze, Inc. (NASDAQ:BRZE) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Braze, Inc. (NASDAQ:BRZE) have been assigned an average rating of “Moderate Buy” from the twenty-four ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, twenty-one have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $46.9524.

A number of analysts have commented on the stock. Wolfe Research raised shares of Braze to an “overweight” rating in a report on Wednesday, December 10th. Cantor Fitzgerald restated an “overweight” rating and issued a $38.00 price target on shares of Braze in a research report on Wednesday, December 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price objective on shares of Braze in a research note on Wednesday, December 31st. Barclays upped their price objective on Braze from $39.00 to $45.00 and gave the company an “overweight” rating in a report on Wednesday, December 10th. Finally, Wells Fargo & Company increased their target price on Braze from $40.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, December 10th.

Insider Buying and Selling at Braze

In other news, CTO Jonathan Hyman sold 9,789 shares of Braze stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $26.64, for a total transaction of $260,778.96. Following the transaction, the chief technology officer directly owned 195,317 shares of the company’s stock, valued at $5,203,244.88. This trade represents a 4.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 of the company’s stock, valued at $1,915,734.72. This trade represents a 9.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 69,923 shares of company stock worth $1,917,418 over the last ninety days. 18.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Braze

Several large investors have recently modified their holdings of the business. Champlain Investment Partners LLC lifted its holdings in shares of Braze by 10.8% during the 3rd quarter. Champlain Investment Partners LLC now owns 2,687,928 shares of the company’s stock valued at $76,445,000 after purchasing an additional 261,351 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Braze by 6.0% during the 3rd 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. Battery Management CORP. raised its holdings in Braze by 70.2% during the 3rd quarter. Battery Management CORP. now owns 2,425,000 shares of the company’s stock worth $68,967,000 after buying an additional 1,000,000 shares during the period. Alliancebernstein L.P. raised its holdings in Braze by 28.8% during the 2nd quarter. Alliancebernstein L.P. now owns 2,320,171 shares of the company’s stock worth $65,197,000 after buying an additional 518,103 shares during the period. Finally, Westfield Capital Management Co. LP lifted its stake in Braze by 36.1% in the third quarter. Westfield Capital Management Co. LP now owns 2,177,953 shares of the company’s stock valued at $61,941,000 after buying an additional 577,649 shares in the last quarter. 90.47% of the stock is currently owned by institutional investors.

Braze Stock Down 5.1%

Shares of BRZE stock opened at $32.55 on Wednesday. The firm has a market cap of $3.65 billion, a price-to-earnings ratio of -29.59 and a beta of 1.08. Braze has a 12 month low of $23.91 and a 12 month high of $48.33. The stock has a 50-day moving average price of $30.66 and a 200 day moving average price of $28.96.

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