Key Points
- Insider sale: Astha Malik sold 33,656 Braze shares at an average price of $27.65, generating approximately $930,588. The transaction, conducted under a Rule 10b5-1 plan, reduced Malik’s ownership by 10.79%.
- Business performance: Braze reported quarterly revenue of $211 million, up 30.2% year over year and above analyst expectations, while EPS of $0.10 matched consensus estimates. The company continues to report negative net margin and return on equity.
- Market outlook: Braze shares opened at $27.68, while analysts maintained a consensus “Moderate Buy” rating with an average price target of $34.76. Institutional investors own approximately 90.47% of the company’s stock.
Braze, Inc. (NASDAQ:BRZE - Get Free Report) insider Astha Malik sold 33,656 shares of Braze stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $27.65, for a total value of $930,588.40. Following the completion of the transaction, the insider owned 278,138 shares of the company's stock, valued at approximately $7,690,515.70. The trade was a 10.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Braze Trading Down 1.9%
Shares of Braze stock opened at $27.68 on Thursday. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of -24.71 and a beta of 0.83. The business's 50 day simple moving average is $23.64 and its 200-day simple moving average is $21.98. Braze, Inc. has a twelve month low of $15.26 and a twelve month high of $37.33.
Braze (NASDAQ:BRZE - Get Free Report) last posted its earnings results on Wednesday, May 27th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.10. The company had revenue of $211.00 million for the quarter, compared to analysts' expectations of $205.19 million. Braze had a negative return on equity of 17.52% and a negative net margin of 15.51%.The firm's quarterly revenue was up 30.2% compared to the same quarter last year. During the same period last year, the business posted $0.07 earnings per share. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. Sell-side analysts predict that Braze, Inc. will post -0.78 earnings per share for the current year.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on BRZE shares. Citigroup cut their price target on Braze from $49.00 to $48.00 and set a "buy" rating on the stock in a report on Friday, May 29th. UBS Group restated an "outperform" rating on shares of Braze in a research report on Thursday, May 28th. Citizens Jmp reaffirmed a "market outperform" rating and set a $35.00 target price on shares of Braze in a research note on Thursday, May 28th. Mizuho reduced their price target on Braze from $40.00 to $32.00 and set an "outperform" rating for the company in a research report on Thursday, May 28th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $38.00 price target on shares of Braze in a research note on Thursday, May 28th. 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.76.
Read Our Latest Stock Report on BRZE
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp acquired a new position in shares of Braze during the second quarter valued at approximately $11,814,000. Handelsbanken Fonder AB lifted its position in Braze by 18.9% in the second quarter. Handelsbanken Fonder AB now owns 28,900 shares of the company's stock worth $627,000 after purchasing an additional 4,600 shares during the period. Harbor Investment Advisory LLC acquired a new stake in Braze in the second quarter worth approximately $36,000. Versant Capital Management Inc lifted its position in Braze by 13.3% in the second quarter. Versant Capital Management Inc now owns 4,692 shares of the company's stock worth $102,000 after purchasing an additional 552 shares during the period. Finally, Optiver Holding B.V. boosted its stake in Braze by 532.2% during the 1st quarter. Optiver Holding B.V. now owns 2,712 shares of the company's stock valued at $64,000 after purchasing an additional 2,283 shares in the last quarter. 90.47% of the stock is currently owned by institutional investors.
Braze Company Profile
(
Get Free Report)
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.
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