Braze (NASDAQ:BRZE) Shares Gap Up – What’s Next?

Shares of Braze, Inc. (NASDAQ:BRZE) gapped up before the market opened on Wednesday . The stock had previously closed at $21.69, but opened at $22.64. Braze shares last traded at $23.0950, with a volume of 168,820 shares.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Stifel Nicolaus set a $30.00 price objective on shares of Braze in a research report on Thursday, May 28th. Needham & Company LLC reissued a “buy” rating and set a $50.00 target price on shares of Braze in a research report on Wednesday, March 25th. BTIG Research restated a “buy” rating and set a $30.00 price target on shares of Braze in a research note on Tuesday, May 26th. Mizuho decreased their price target on shares of Braze from $40.00 to $32.00 and set an “outperform” rating for the company in a report on Thursday, May 28th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Braze from $32.00 to $33.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 25th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Braze presently has an average rating of “Moderate Buy” and a consensus target price of $34.65.

Braze Price Performance

The stock has a fifty day moving average of $22.28 and a 200 day moving average of $23.38. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of -20.44 and a beta of 0.83.

Braze (NASDAQ:BRZE) last issued its quarterly earnings results on Wednesday, May 27th. The company reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. Braze had a negative net margin of 15.51% and a negative return on equity of 17.52%. The company had revenue of $211.00 million for the quarter, compared to the consensus estimate of $205.19 million. During the same quarter in the prior year, the company earned $0.07 EPS. Braze’s quarterly revenue was up 30.2% on a year-over-year basis. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. As a group, equities analysts expect that Braze, Inc. will post -0.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Braze

In other news, General Counsel Susan Wiseman sold 35,000 shares of the stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $20.29, for a total value of $710,150.00. Following the sale, the general counsel owned 209,424 shares in the company, valued at $4,249,212.96. This represents a 14.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 12.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Braze

Several hedge funds have recently added to or reduced their stakes in BRZE. NBC Securities Inc. purchased a new position in shares of Braze during the 4th quarter valued at about $27,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Braze by 3,650.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company’s stock worth $28,000 after buying an additional 803 shares during the last quarter. Fifth Third Bancorp acquired a new stake in Braze during the first quarter worth about $27,000. Kemnay Advisory Services Inc. acquired a new stake in Braze during the fourth quarter worth about $52,000. Finally, Osaic Holdings Inc. raised its position in Braze by 821.1% during the second quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock valued at $44,000 after acquiring an additional 1,404 shares in the last quarter. 90.47% of the stock is owned by hedge funds and other institutional investors.

About Braze

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.