Braze (NASDAQ:BRZE) Issues FY25 Earnings Guidance

Braze (NASDAQ:BRZE) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share guidance of $(0.12)-$(0.08) for the period, compared to the consensus earnings per share estimate of ($0.02). The company issued revenue guidance of $570-575 million, compared to the consensus revenue estimate of $571.51 million. Braze also updated its FY 2025 guidance to -0.120–0.080 EPS.

Analyst Ratings Changes

A number of research firms recently commented on BRZE. JMP Securities increased their target price on shares of Braze from $56.00 to $68.00 and gave the company a market outperform rating in a research report on Thursday, December 7th. Piper Sandler restated an overweight rating and set a $66.00 target price on shares of Braze in a report on Thursday. JPMorgan Chase & Co. upped their target price on shares of Braze from $52.00 to $57.00 and gave the company an overweight rating in a research report on Wednesday, November 29th. Needham & Company LLC restated a buy rating and set a $70.00 target price on shares of Braze in a report on Thursday. Finally, BTIG Research increased their price objective on Braze from $60.00 to $75.00 and gave the company a buy rating in a research note on Thursday, December 7th. One investment analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, Braze has a consensus rating of Moderate Buy and a consensus price target of $64.82.

Braze Price Performance

NASDAQ BRZE opened at $50.58 on Thursday. Braze has a 1-year low of $25.76 and a 1-year high of $61.53. The company has a market capitalization of $5.05 billion, a P/E ratio of -36.39 and a beta of 1.21. The business has a 50 day moving average price of $55.05 and a 200 day moving average price of $51.24.

Insider Buying and Selling at Braze

In other news, CFO Isabelle Winkles sold 5,489 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $57.51, for a total transaction of $315,672.39. Following the transaction, the chief financial officer now directly owns 282,564 shares in the company, valued at approximately $16,250,255.64. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Braze news, CTO Jonathan Hyman sold 3,730 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $57.51, for a total transaction of $214,512.30. Following the completion of the sale, the chief technology officer now owns 183,258 shares in the company, valued at $10,539,167.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Isabelle Winkles sold 5,489 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $57.51, for a total value of $315,672.39. Following the transaction, the chief financial officer now owns 282,564 shares of the company’s stock, valued at $16,250,255.64. The disclosure for this sale can be found here. Insiders have sold 75,471 shares of company stock valued at $4,196,153 over the last quarter. Corporate insiders own 26.48% of the company’s stock.

Institutional Trading of Braze

A number of hedge funds have recently bought and sold shares of BRZE. Vanguard Group Inc. grew its holdings in shares of Braze by 9.1% during the fourth quarter. Vanguard Group Inc. now owns 5,746,572 shares of the company’s stock valued at $305,315,000 after buying an additional 480,179 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Braze by 21.4% during the fourth quarter. Morgan Stanley now owns 4,992,683 shares of the company’s stock worth $136,200,000 after purchasing an additional 880,451 shares during the period. BlackRock Inc. grew its position in Braze by 296.6% during the second quarter. BlackRock Inc. now owns 2,604,483 shares of the company’s stock valued at $114,050,000 after purchasing an additional 1,947,831 shares in the last quarter. Alliancebernstein L.P. increased its stake in Braze by 12.5% in the 2nd quarter. Alliancebernstein L.P. now owns 2,376,204 shares of the company’s stock valued at $104,054,000 after buying an additional 263,250 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in Braze by 62.6% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,090,100 shares of the company’s stock worth $111,047,000 after buying an additional 805,000 shares in the last quarter. 90.47% of the stock is owned by hedge funds and other institutional investors.

About Braze

Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. The company offers data ingestion products, such as 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 cohort syncing, which allow brands to sync user cohorts from partners; and Braze Cloud Data Ingestion that enables brands to harness their customer data.