Braze (NASDAQ:BRZE) Shares Up 4.8% – Still a Buy?

Braze, Inc. (NASDAQ:BRZE)’s share price traded up 4.8% during trading on Tuesday . The company traded as high as $29.45 and last traded at $29.2890. Approximately 749,968 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 2,920,198 shares. The stock had previously closed at $27.95.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on BRZE shares. Citizens Jmp reaffirmed a “market outperform” rating and set a $35.00 price target on shares of Braze in a report on Thursday, May 28th. Piper Sandler reaffirmed an “overweight” rating and set a $27.00 price target on shares of Braze in a report on Thursday, May 28th. Stifel Nicolaus set a $30.00 price target on shares of Braze in a research note on Thursday, May 28th. DA Davidson reissued a “buy” rating and set a $33.00 price objective on shares of Braze in a report on Thursday, May 28th. Finally, TD Cowen restated a “buy” rating on shares of Braze in a report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Braze has a consensus rating of “Moderate Buy” and a consensus target price of $35.06.

Braze Stock Performance

The company’s 50-day moving average price is $23.99 and its 200 day moving average price is $22.07. The stock has a market cap of $3.30 billion, a PE ratio of -26.14 and a beta of 0.83.

Braze (NASDAQ:BRZE) last announced its earnings results on Wednesday, May 27th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. Braze had a negative net margin of 15.51% and a negative return on equity of 17.52%. The company had revenue of $211.00 million during the quarter, compared to analyst estimates of $205.19 million. During the same period in the previous year, the business posted $0.07 earnings per share. The firm’s quarterly revenue was up 30.2% compared to the same quarter last year. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. On average, sell-side analysts anticipate that Braze, Inc. will post -0.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Astha Malik sold 33,656 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $27.65, for a total transaction of $930,588.40. Following the completion of the transaction, the insider directly owned 278,138 shares in the company, valued at approximately $7,690,515.70. The trade was a 10.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jonathan Hyman sold 35,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $30.03, for a total transaction of $1,051,050.00. Following the completion of the sale, the chief technology officer directly owned 1,220,416 shares of the company’s stock, valued at $36,649,092.48. This represents a 2.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 96,699 shares of company stock worth $2,742,076. 12.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Braze

A number of hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp purchased a new stake in shares of Braze in the second quarter worth $11,814,000. Handelsbanken Fonder AB lifted its stake in shares of Braze by 18.9% during the 2nd quarter. Handelsbanken Fonder AB now owns 28,900 shares of the company’s stock valued at $627,000 after buying an additional 4,600 shares in the last quarter. Harbor Investment Advisory LLC bought a new position in Braze in the 2nd quarter worth $36,000. Versant Capital Management Inc boosted its holdings in 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 buying an additional 552 shares during the period. Finally, Optiver Holding B.V. increased its stake in Braze by 532.2% in the 1st quarter. Optiver Holding B.V. now owns 2,712 shares of the company’s stock worth $64,000 after buying an additional 2,283 shares in the last quarter. 90.47% of the stock is currently owned by institutional investors.

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.