Braze (NASDAQ:BRZE) Trading 4.8% Higher – Here’s Why

Braze, Inc. (NASDAQ:BRZE) was up 4.8% during trading on Tuesday . The company traded as high as $29.45 and last traded at $29.2890. 749,968 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 2,920,198 shares. The stock had previously closed at $27.95.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on BRZE shares. JPMorgan Chase & Co. upped their price objective on shares of Braze from $33.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. UBS Group restated an “outperform” rating on shares of Braze in a research report on Thursday, May 28th. DA Davidson reissued a “buy” rating and set a $33.00 target price on shares of Braze in a research note on Thursday, May 28th. Canaccord Genuity Group decreased their price target on Braze from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, May 28th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Braze in a report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $35.06.

Braze Trading Up 5.3%

The company’s 50 day simple moving average is $24.31 and its 200-day simple moving average is $22.17. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of -27.37 and a beta of 0.83.

Braze (NASDAQ:BRZE) last released its earnings results on Wednesday, May 27th. The company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. Braze had a negative return on equity of 17.52% and a negative net margin of 15.51%.The firm had revenue of $211.00 million during the quarter, compared to analyst estimates of $205.19 million. During the same period in the prior year, the firm posted $0.07 earnings per share. The business’s quarterly revenue was up 30.2% compared to the same quarter last year. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. Sell-side analysts anticipate that Braze, Inc. will post -0.78 EPS for the current year.

Insider Transactions at Braze

In related news, CTO Jonathan Hyman sold 35,000 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $30.03, for a total value of $1,051,050.00. Following the completion of the transaction, the chief technology officer owned 1,220,416 shares of the company’s stock, valued at approximately $36,649,092.48. This represents a 2.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Astha Malik sold 33,656 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $27.65, for a total transaction of $930,588.40. Following the completion of the sale, the insider directly owned 278,138 shares in the company, valued at $7,690,515.70. This represents a 10.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 96,699 shares of company stock valued at $2,742,076 in the last quarter. Company insiders own 12.50% of the company’s stock.

Institutional Trading of Braze

Several institutional investors and hedge funds have recently bought and sold shares of BRZE. Versant Capital Management Inc raised its position in shares of Braze by 13.3% during the 2nd quarter. Versant Capital Management Inc now owns 4,692 shares of the company’s stock valued at $102,000 after acquiring an additional 552 shares in the last quarter. Arizona State Retirement System boosted its stake in Braze by 3.2% in the fourth quarter. Arizona State Retirement System now owns 22,437 shares of the company’s stock valued at $769,000 after acquiring an additional 688 shares during the period. Envestnet Asset Management Inc. boosted its stake in Braze by 7.2% in the third quarter. Envestnet Asset Management Inc. now owns 11,080 shares of the company’s stock valued at $315,000 after acquiring an additional 746 shares during the period. NBC Securities Inc. bought a new position in shares of Braze during the fourth quarter valued at approximately $27,000. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Braze by 3,650.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company’s stock worth $28,000 after purchasing an additional 803 shares during the period. Institutional investors and hedge funds own 90.47% of the company’s stock.

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.