Braze (NASDAQ:BRZE) Stock Price Down 5.9% – Time to Sell?

Braze, Inc. (NASDAQ:BRZE) fell 5.9% on Monday. The stock traded as low as $22.27 and last traded at $22.9270. 382,565 shares traded hands during trading, a decline of 87% from the average session volume of 2,918,352 shares. The stock had previously closed at $24.37.

Analyst Upgrades and Downgrades

BRZE has been the topic of several recent analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Braze in a research note on Tuesday, July 7th. Stephens reiterated a “hold” rating on shares of Braze in a research report on Wednesday, September 9th. The Goldman Sachs Group reissued a “buy” rating and set a $38.00 target price on shares of Braze in a research note on Wednesday, September 9th. Citigroup reissued a “market outperform” rating on shares of Braze in a report on Wednesday, September 9th. Finally, TD Cowen lifted their price target on shares of Braze from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, August 27th. Twenty investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Braze has an average rating of “Moderate Buy” and a consensus price target of $38.21.

Braze Stock Down 4.4%

The firm has a 50-day simple moving average of $27.54 and a 200 day simple moving average of $24.11. The stock has a market capitalization of $2.65 billion, a P/E ratio of -22.60 and a beta of 0.88. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.27 and a quick ratio of 1.27.

Braze (NASDAQ:BRZE) last released its quarterly earnings results on Tuesday, September 8th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. The company had revenue of $227.23 million for the quarter, compared to analysts’ expectations of $220.27 million. Braze had a negative return on equity of 16.11% and a negative net margin of 13.55%.The business’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.15 earnings per share. Braze has set its FY 2027 guidance at 0.640-0.650 EPS and its Q3 2027 guidance at 0.130-0.140 EPS. On average, equities research analysts forecast that Braze, Inc. will post -0.7 EPS for the current year.

Insiders Place Their Bets

In other Braze news, CTO Jonathan Hyman sold 42,000 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $32.47, for a total value of $1,363,740.00. Following the completion of the transaction, the chief technology officer directly owned 1,143,219 shares in the company, valued at approximately $37,120,320.93. This represents a 3.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Edward Mcdonnell sold 29,732 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $31.38, for a total transaction of $932,990.16. Following the transaction, the executive directly owned 409,630 shares of the company’s stock, valued at $12,854,189.40. The trade was a 6.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 203,568 shares of company stock valued at $6,096,461 in the last ninety days. 12.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BRZE. Versant Capital Management Inc raised its holdings in Braze by 13.3% during the second quarter. Versant Capital Management Inc now owns 4,692 shares of the company’s stock worth $102,000 after buying an additional 552 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of Braze by 3,650.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company’s stock valued at $28,000 after buying an additional 803 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Braze by 8.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,628 shares of the company’s stock worth $467,000 after acquiring an additional 1,020 shares in the last quarter. Citizens Financial Group Inc. RI raised its holdings in shares of Braze by 4.0% in the 1st quarter. Citizens Financial Group Inc. RI now owns 27,287 shares of the company’s stock worth $644,000 after acquiring an additional 1,062 shares during the last quarter. Finally, Fifth Third Bancorp acquired a new stake in shares of Braze in the 1st quarter worth about $27,000. 90.47% of the stock is owned by institutional investors and hedge funds.

About Braze

Braze, Inc is a customer engagement software company that helps businesses build and manage personalized interactions with consumers. Its platform enables organizations to collect and analyze customer data, create audience segments, and coordinate marketing campaigns across multiple digital channels.

The Braze platform supports messaging through mobile and web push notifications, in-app messages, email, SMS, and other communication channels. It also provides tools for campaign orchestration, automation, experimentation, analytics, and artificial intelligence to help brands deliver more relevant and timely customer experiences.

Founded in 2011 as Appboy, the company later adopted the Braze name as it expanded its customer engagement offerings.