Braze (NASDAQ:BRZE) Trading Up 5.3% – Still a Buy?

Braze, Inc. (NASDAQ:BRZE)’s share price shot up 5.3% on Wednesday . The company traded as high as $35.99 and last traded at $35.7410. 685,646 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 1,591,624 shares. The stock had previously closed at $33.94.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on BRZE shares. Stifel Nicolaus upped their price target on shares of Braze from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Oppenheimer restated an “outperform” rating and set a $40.00 price objective on shares of Braze in a research report on Wednesday, December 10th. Mizuho increased their target price on Braze from $45.00 to $50.00 and gave the company an “outperform” rating in a research report on Wednesday, December 10th. The Goldman Sachs Group set a $52.00 price target on Braze and gave the company a “buy” rating in a research note on Saturday, September 6th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Braze in a research note on Friday, September 5th. Twenty-two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $46.95.

Braze Price Performance

The company’s 50-day moving average price is $28.60 and its two-hundred day moving average price is $28.56. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of -32.40 and a beta of 1.10.

Braze (NASDAQ:BRZE) last issued its quarterly earnings results on Tuesday, December 9th. The company reported $0.06 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 business had revenue of $190.84 million for the quarter, compared to analysts’ expectations of $198.25 million. During the same quarter in the prior year, the firm posted $0.02 earnings per share. The business’s quarterly 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. On average, equities research analysts expect that Braze, Inc. will post -0.98 EPS for the current fiscal year.

Insider Buying and Selling at Braze

In other news, General Counsel Susan Wiseman sold 4,456 shares of the firm’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $27.57, for a total value of $122,851.92. Following the completion of the sale, the general counsel directly owned 219,794 shares in the company, valued at $6,059,720.58. This trade represents a 1.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Pankaj Malik sold 3,644 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $26.64, for a total value of $97,076.16. Following the sale, the chief accounting officer owned 59,112 shares of the company’s stock, valued at approximately $1,574,743.68. This represents a 5.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 68,557 shares of company stock valued at $1,856,089 over the last ninety days. Insiders own 18.20% of the company’s stock.

Hedge Funds Weigh In On Braze

A number of large investors have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in shares of Braze by 2.8% in the second quarter. JPMorgan Chase & Co. now owns 2,316,234 shares of the company’s stock valued at $65,086,000 after buying an additional 64,025 shares in the last quarter. Citizens Financial Group Inc. RI acquired a new stake in shares of Braze in the 2nd quarter worth about $736,000. Dynamic Technology Lab Private Ltd bought a new position in Braze in the 1st quarter valued at about $691,000. Versor Investments LP acquired a new position in Braze during the 2nd quarter valued at about $638,000. Finally, AlphaQuest LLC boosted its stake in Braze by 250.6% during the 2nd quarter. AlphaQuest LLC now owns 17,899 shares of the company’s stock valued at $503,000 after purchasing an additional 12,794 shares during the last quarter. 90.47% of the stock is currently owned by institutional investors.

Braze Company Profile

Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. The company offers Braze software development kits that automatically manage data ingestion and deliver mobile and web notifications, in-application/in-browser interstitial messages, and content cards; REST API that can be used to import or export data or to trigger workflows between Braze and brands' existing technology stacks; Partner Data Integrations, which allow brands to sync user cohorts from partners; Data Transformation, in which brands can programmatically sync and transform user data; and Braze Cloud Data Ingestion that enables brands to harness their customer data.