Braze (NASDAQ:BRZE) Announces Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Braze (NASDAQ:BRZE) announced its quarterly earnings data on Thursday. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.02, Briefing.com reports. Braze had a negative net margin of 20.41% and a negative return on equity of 24.88%. The company had revenue of $162.06 million during the quarter, compared to analysts’ expectations of $158.60 million. During the same quarter in the prior year, the company earned ($0.05) EPS. Braze’s revenue was up 19.6% compared to the same quarter last year. Braze updated its FY 2026 guidance to 0.150-0.180 EPS and its Q2 2026 guidance to 0.020-0.030 EPS.

Braze Stock Performance

NASDAQ:BRZE opened at $36.10 on Friday. The stock has a market capitalization of $3.78 billion, a P/E ratio of -31.67 and a beta of 1.22. The company has a 50 day moving average price of $32.91 and a 200 day moving average price of $38.01. Braze has a fifty-two week low of $27.45 and a fifty-two week high of $48.33.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BRZE. Stifel Nicolaus set a $50.00 price objective on shares of Braze and gave the company a “buy” rating in a research note on Friday, March 28th. Barclays dropped their price objective on shares of Braze from $70.00 to $47.00 and set an “overweight” rating for the company in a research note on Friday, May 16th. Citigroup upped their price objective on shares of Braze from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, March 28th. Stephens began coverage on shares of Braze in a research note on Wednesday, March 19th. They set an “overweight” rating and a $43.00 price objective for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price objective on shares of Braze in a research note on Friday, March 28th. One analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Braze has an average rating of “Buy” and an average price target of $49.25.

Insider Buying and Selling

In related news, insider Myles Kleeger sold 9,189 shares of the stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $35.88, for a total transaction of $329,701.32. Following the completion of the transaction, the insider now owns 159,693 shares of the company’s stock, valued at approximately $5,729,784.84. This trade represents a 5.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William Magnuson sold 25,089 shares of the stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $35.88, for a total transaction of $900,193.32. Following the sale, the chief executive officer now owns 745,769 shares in the company, valued at approximately $26,758,191.72. This trade represents a 3.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 71,150 shares of company stock valued at $2,540,814. Company insiders own 18.20% of the company’s stock.

Institutional Investors Weigh In On Braze

A hedge fund recently raised its stake in Braze stock. Intech Investment Management LLC boosted its holdings in shares of Braze, Inc. (NASDAQ:BRZE) by 18.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,281 shares of the company’s stock after buying an additional 6,379 shares during the quarter. Intech Investment Management LLC’s holdings in Braze were worth $1,453,000 as of its most recent SEC filing. 90.47% of the stock is owned by institutional investors and hedge funds.

About Braze

Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. The company offers 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 Data Integrations, which allow brands to sync user cohorts from partners; Data Transformation, in which brands can programmatically sync and transform user data; and Braze Cloud Data Ingestion that enables brands to harness their customer data.