Shares of Braze, Inc. (NASDAQ:BRZE – Get Free Report) have earned an average recommendation of “Moderate Buy” from the twenty ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $35.0588.
Several analysts have recently issued reports on the stock. TD Cowen reissued a “buy” rating on shares of Braze in a research report on Monday, June 15th. Citigroup dropped their price objective on shares of Braze from $49.00 to $48.00 and set a “buy” rating for the company in a report on Friday, May 29th. JPMorgan Chase & Co. upped their target price on shares of Braze from $33.00 to $35.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. The Goldman Sachs Group set a $34.00 price target on shares of Braze and gave the company a “buy” rating in a research report on Wednesday, June 24th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $38.00 price target on shares of Braze in a research note on Thursday, May 28th.
Read Our Latest Stock Analysis on BRZE
Braze Trading Up 5.3%
Braze (NASDAQ:BRZE – Get Free Report) last announced its earnings results on Wednesday, May 27th. The company reported $0.10 EPS for the quarter, meeting analysts’ consensus estimates of $0.10. The company had revenue of $211.00 million during the quarter, compared to analysts’ expectations of $205.19 million. Braze had a negative return on equity of 17.52% and a negative net margin of 15.51%.Braze’s revenue for the quarter was up 30.2% on a year-over-year basis. During the same period last year, the business posted $0.07 EPS. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. Research analysts predict that Braze will post -0.78 EPS for the current fiscal year.
Insiders Place Their Bets
In other Braze news, insider Astha Malik sold 33,656 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $27.65, for a total transaction of $930,588.40. Following the sale, the insider owned 278,138 shares in the company, valued at $7,690,515.70. This represents a 10.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jonathan Hyman sold 35,000 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $30.03, for a total value of $1,051,050.00. Following the completion of the sale, the chief technology officer directly owned 1,220,416 shares in the company, valued at $36,649,092.48. This represents a 2.79% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 96,699 shares of company stock valued at $2,742,076. 12.50% of the stock is currently owned by company insiders.
Institutional Trading of Braze
A number of large investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Braze by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,224 shares of the company’s stock valued at $1,415,000 after acquiring an additional 1,700 shares in the last quarter. Intech Investment Management LLC grew its holdings in Braze by 18.8% during the 1st quarter. Intech Investment Management LLC now owns 40,281 shares of the company’s stock worth $1,453,000 after acquiring an additional 6,379 shares in the last quarter. Prudential Financial Inc. acquired a new position in Braze during the 2nd quarter worth approximately $272,000. Russell Investments Group Ltd. increased its position in shares of Braze by 1,353.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 9,619 shares of the company’s stock valued at $270,000 after purchasing an additional 8,957 shares during the last quarter. Finally, Amundi increased its position in shares of Braze by 8.9% in the 2nd quarter. Amundi now owns 32,581 shares of the company’s stock valued at $918,000 after purchasing an additional 2,657 shares during the last quarter. 90.47% of the stock is currently owned by hedge funds and other institutional investors.
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.
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