Braze (NASDAQ:BRZE – Get Free Report)‘s stock had its “buy” rating restated by BTIG Research in a research note issued on Thursday, Benzinga reports. They currently have a $35.00 price target on the stock. BTIG Research’s target price would indicate a potential upside of 37.74% from the stock’s current price.
Other analysts have also issued research reports about the company. Barclays upped their target price on Braze from $31.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, September 2nd. DA Davidson restated a “buy” rating and set a $40.00 target price on shares of Braze in a report on Wednesday, September 9th. Piper Sandler restated an “overweight” rating and set a $30.00 target price (up from $27.00) on shares of Braze in a report on Wednesday, September 9th. Citizens Jmp restated a “market outperform” rating and set a $35.00 target price on shares of Braze in a report on Wednesday, September 9th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $38.00 price target on shares of Braze in a research report on Wednesday, September 9th. Nineteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $38.21.
Check Out Our Latest Stock Analysis on Braze
Braze Trading Up 1.2%
Braze (NASDAQ:BRZE – Get Free Report) last posted its earnings results on Tuesday, September 8th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The company had revenue of $227.23 million during the quarter, compared to analyst estimates of $220.27 million. Braze had a negative return on equity of 16.11% and a negative net margin of 13.55%.Braze’s revenue was up 26.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $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. Equities research analysts predict that Braze will post -0.7 EPS for the current year.
Insider Buying and Selling at Braze
In other news, CRO Edward Mcdonnell sold 29,732 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive owned 409,630 shares in the company, valued at $12,854,189.40. This trade represents a 6.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jonathan Hyman sold 42,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $32.47, for a total transaction of $1,363,740.00. Following the sale, the chief technology officer owned 1,143,219 shares of the company’s stock, valued at $37,120,320.93. This represents a 3.54% 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. In the last quarter, insiders sold 203,568 shares of company stock worth $6,096,461. Insiders own 12.50% of the company’s stock.
Institutional Trading of Braze
Several large investors have recently modified their holdings of BRZE. Whetstone Capital Advisors LLC purchased a new position in Braze during the second quarter worth approximately $671,000. Integrated Wealth Concepts LLC purchased a new position in Braze during the second quarter worth approximately $50,000. Squarepoint Ops LLC raised its stake in Braze by 13.3% during the second quarter. Squarepoint Ops LLC now owns 391,337 shares of the company’s stock worth $8,488,000 after purchasing an additional 46,049 shares during the period. Corient Private Wealth LP raised its stake in Braze by 5.5% during the second quarter. Corient Private Wealth LP now owns 102,896 shares of the company’s stock worth $2,232,000 after purchasing an additional 5,360 shares during the period. Finally, Absolute Gestao de Investimentos Ltda. purchased a new position in Braze during the second quarter worth approximately $325,000. 90.47% of the stock is currently 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 cloud-based platform enables organizations to collect and analyze customer data, create audience segments, and deliver marketing messages across multiple channels.
The Braze platform supports communication through mobile and web applications, email, SMS, messaging services, and other digital channels. Its offerings include campaign orchestration, customer journey management, in-app and browser messaging, personalization, analytics, experimentation, and artificial intelligence tools designed to help companies improve customer retention and engagement.
The company was founded in 2011 as Appboy by Bill Magnuson, Mark Ghermezian, and Jon Hyman, and later adopted the Braze name.
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