Braze (NASDAQ:BRZE) Trading Up 7.4% – Here’s What Happened

Braze, Inc. (NASDAQ:BRZE)’s stock price was up 7.4% on Thursday . The company traded as high as $20.85 and last traded at $20.80. Approximately 1,856,116 shares were traded during mid-day trading, a decline of 41% from the average daily volume of 3,126,695 shares. The stock had previously closed at $19.36.

Analysts Set New Price Targets

A number of brokerages have issued reports on BRZE. DA Davidson boosted their price target on Braze from $40.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. Mizuho increased their price objective on shares of Braze from $45.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday, December 10th. Citigroup boosted their target price on shares of Braze from $52.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. The Goldman Sachs Group reduced their price target on shares of Braze from $55.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, January 28th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $50.00 price objective on shares of Braze in a research note on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Braze presently has an average rating of “Moderate Buy” and a consensus price target of $44.30.

Braze Stock Down 3.5%

The stock’s 50-day moving average price is $23.14 and its 200 day moving average price is $27.25. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of -18.31 and a beta of 1.08.

Braze (NASDAQ:BRZE) last posted its quarterly earnings results on Tuesday, December 9th. The company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. Braze had a negative net margin of 16.85% and a negative return on equity of 17.87%. The firm had revenue of $190.84 million for the quarter, compared to analyst estimates of $198.25 million. During the same period in the previous year, the business posted $0.02 earnings per share. Braze’s quarterly revenue was up 25.5% on a year-over-year basis. Braze has set its FY 2026 guidance at 0.420-0.430 EPS and its Q4 2026 guidance at 0.130-0.140 EPS. On average, sell-side analysts anticipate that Braze, Inc. will post -0.98 earnings per share for the current year.

Insider Transactions at Braze

In related news, General Counsel Susan Wiseman sold 4,167 shares of Braze stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $17.03, for a total transaction of $70,964.01. Following the transaction, the general counsel owned 209,864 shares in the company, valued at approximately $3,573,983.92. This trade represents a 1.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Pankaj Malik sold 2,893 shares of the business’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $16.93, for a total value of $48,978.49. Following the transaction, the chief accounting officer directly owned 50,679 shares in the company, valued at $857,995.47. This trade represents a 5.40% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 66,216 shares of company stock valued at $1,225,772. 18.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BRZE. JPMorgan Chase & Co. boosted its holdings in Braze by 6.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,455,367 shares of the company’s stock valued at $69,831,000 after purchasing an additional 139,133 shares during the last quarter. Citizens Financial Group Inc. RI purchased a new stake in shares of Braze in the 2nd quarter valued at approximately $736,000. Geode Capital Management LLC increased its holdings in shares of Braze by 10.9% during the 2nd quarter. Geode Capital Management LLC now owns 1,797,546 shares of the company’s stock worth $50,517,000 after buying an additional 177,391 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Braze during the 2nd quarter valued at approximately $3,273,000. Finally, Rede Wealth LLC purchased a new stake in shares of Braze during the 3rd quarter valued at approximately $864,000. 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.