Braze, Inc. (NASDAQ:BRZE – Get Free Report) shares hit a new 52-week high on Tuesday. The company traded as high as $45.45 and last traded at $45.3010, with a volume of 2,610,332 shares. The stock had previously closed at $30.04.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on BRZE. BTIG Research reissued a “buy” rating and set a $35.00 price objective on shares of Braze in a research report on Thursday, October 1st. TD Cowen lifted their target price on Braze from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. JPMorgan Chase & Co. cut their price target on Braze from $35.00 to $34.00 and set an “overweight” rating for the company in a research note on Wednesday, September 9th. Mizuho set a $52.00 price target on Braze in a research report on Wednesday, September 9th. Finally, Citigroup reiterated a “market outperform” rating on shares of Braze in a research note on Monday, October 5th. Nineteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.21.
Read Our Latest Analysis on BRZE
Braze Stock Up 50.8%
The company has a debt-to-equity ratio of 0.02, a current ratio of 1.27 and a quick ratio of 1.27. The business has a fifty day moving average of $28.27 and a 200-day moving average of $24.93. The stock has a market cap of $5.15 billion, a PE ratio of -44.03 and a beta of 0.91.
Braze (NASDAQ:BRZE – Get Free Report) last released its earnings results on Tuesday, September 8th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.03. Braze had a negative return on equity of 16.11% and a negative net margin of 13.55%. The firm had revenue of $227.23 million for the quarter, compared to the consensus estimate of $220.27 million. During the same period in the prior year, the firm earned $0.15 EPS. The firm’s revenue was up 26.2% on a year-over-year basis. 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 anticipate that Braze, Inc. will post -0.70 earnings per share for the current year.
Insider Activity at Braze
In other Braze news, CRO Edward M. Mcdonnell sold 29,732 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $31.38, for a total transaction of $932,990.16. Following the transaction, the executive owned 409,630 shares in the company, valued at approximately $12,854,189.40. The trade was a 6.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Astha Malik sold 33,656 shares of Braze stock in a transaction on Monday, August 10th. The stock was sold at an average price of $27.65, for a total value of $930,588.40. Following the transaction, the insider directly owned 278,138 shares of the company’s stock, valued at $7,690,515.70. This trade represents a 10.79% 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. Over the last quarter, insiders sold 203,568 shares of company stock worth $6,096,461. Corporate insiders own 12.50% of the company’s stock.
Institutional Trading of Braze
Several institutional investors have recently added to or reduced their stakes in BRZE. The Manufacturers Life Insurance Company raised its holdings in shares of Braze by 30.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,885,577 shares of the company’s stock worth $44,518,000 after purchasing an additional 439,513 shares in the last quarter. Stephens Investment Management Group LLC raised its stake in shares of Braze by 11.2% in the 1st quarter. Stephens Investment Management Group LLC now owns 1,370,986 shares of the company’s stock valued at $32,369,000 after buying an additional 137,843 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in Braze during the 1st quarter valued at about $14,294,000. Bank of New York Mellon Corp bought a new stake in Braze during the second quarter worth about $11,814,000. Finally, Glenmede Trust Co. NA grew its position in Braze by 36.5% during the 1st quarter. Glenmede Trust Co. NA now owns 538,845 shares of the company’s stock worth $12,722,000 after acquiring an additional 144,176 shares during the last quarter. Institutional investors own 90.47% of the company’s stock.
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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