Braze (NASDAQ:BRZE) Shares Gap Up – Time to Buy?

Shares of Braze, Inc. (NASDAQ:BRZE) gapped up prior to trading on Thursday. The stock had previously closed at $25.10, but opened at $26.29. Braze shares last traded at $25.70, with a volume of 253,820 shares trading hands.

Wall Street Analyst Weigh In

BRZE has been the topic of a number of recent analyst reports. Citizens Jmp reaffirmed a “market outperform” rating and issued a $35.00 price objective on shares of Braze in a research note on Wednesday, September 9th. Cantor Fitzgerald reissued an “overweight” rating and set a $38.00 target price on shares of Braze in a research report on Wednesday. UBS Group raised their price target on shares of Braze from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, September 9th. Barclays boosted their price target on shares of Braze from $31.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 2nd. Finally, DA Davidson reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Braze in a research note on Wednesday, September 9th. Nineteen equities research 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 MarketBeat.com, Braze has an average rating of “Moderate Buy” and a consensus target price of $38.21.

Braze Trading Up 0.5%

The business has a 50 day moving average of $27.51 and a two-hundred day moving average of $24.22. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of -24.46 and a beta of 0.88. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.27 and a current ratio of 1.27.

Braze (NASDAQ:BRZE) last announced its quarterly earnings data on Tuesday, September 8th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. The firm had revenue of $227.23 million during the quarter, compared to analysts’ expectations of $220.27 million. Braze had a negative return on equity of 16.11% and a negative net margin of 13.55%.The company’s revenue for the quarter was up 26.2% compared to the same quarter last year. During the same quarter last year, the firm posted $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 analysts predict that Braze, Inc. will post -0.7 EPS for the current year.

Insider Activity at Braze

In related news, insider Astha Malik sold 15,724 shares of Braze stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $29.57, for a total value of $464,958.68. Following the completion of the sale, the insider owned 326,233 shares of the company’s stock, valued at approximately $9,646,709.81. This trade represents a 4.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jonathan Hyman sold 42,000 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were 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 trade represents a 3.54% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 203,568 shares of company stock valued at $6,096,461. 12.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Braze

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Versant Capital Management Inc raised its holdings in shares of Braze by 13.3% in the 2nd quarter. Versant Capital Management Inc now owns 4,692 shares of the company’s stock worth $102,000 after acquiring an additional 552 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in Braze by 3,650.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company’s stock valued at $28,000 after acquiring an additional 803 shares in the last quarter. Citizens Financial Group Inc. RI boosted its stake in Braze by 4.0% during the 1st quarter. Citizens Financial Group Inc. RI now owns 27,287 shares of the company’s stock valued at $644,000 after purchasing an additional 1,062 shares during the last quarter. Fifth Third Bancorp acquired a new position in Braze during the 1st quarter valued at about $27,000. Finally, Essential Partners LLC increased its holdings in Braze by 109.8% during the 1st quarter. Essential Partners LLC now owns 2,174 shares of the company’s stock worth $51,000 after purchasing an additional 1,138 shares in the last quarter. 90.47% of the stock is owned by institutional investors.

Braze Company Profile

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.