Braze (NASDAQ:BRZE) Sets New 12-Month High – Time to Buy?

Braze, Inc. (NASDAQ:BRZE)’s stock price reached a new 52-week high during trading on Wednesday. The stock traded as high as $46.34 and last traded at $46.2650, with a volume of 280,128 shares. The stock had previously closed at $46.24.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BRZE shares. BTIG Research downgraded shares of Braze from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 20th. William Blair lowered Braze from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 20th. Mizuho set a $47.50 price target on Braze in a report on Wednesday, October 21st. Cantor Fitzgerald cut shares of Braze from an “overweight” rating to a “hold” rating and set a $47.50 price objective on the stock. in a research note on Tuesday, October 20th. Finally, Piper Sandler cut shares of Braze from an “overweight” rating to a “neutral” rating and upped their target price for the company from $30.00 to $47.50 in a report on Tuesday, October 20th. Five investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $43.95.

Braze Price Performance

The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.02. The stock has a 50 day simple moving average of $33.65 and a 200-day simple moving average of $25.57. The firm has a market cap of $5.29 billion, a PE ratio of -45.25 and a beta of 0.77.

Braze (NASDAQ:BRZE) last announced its quarterly earnings data on Tuesday, September 8th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.16 by $0.03. The business had revenue of $227.23 million for the quarter, compared to the consensus estimate of $220.27 million. Braze had a negative return on equity of 16.11% and a negative net margin of 13.55%. The business’s revenue was up 26.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.15 earnings per share. Braze has set its FY 2027 guidance at 0.640-0.650 EPS and its Q3 2027 guidance at 0.130-0.140 EPS. Equities analysts anticipate that Braze, Inc. will post -0.70 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Astha Malik sold 15,724 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $29.57, for a total value of $464,958.68. Following the transaction, the insider directly owned 326,233 shares of the company’s stock, valued at approximately $9,646,709.81. The trade was a 4.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Edward Mcdonnell sold 29,732 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $31.38, for a total value of $932,990.16. Following the completion of the transaction, the executive owned 409,630 shares of the company’s stock, valued at $12,854,189.40. The trade was a 6.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 421,869 shares of company stock valued at $17,489,035. Corporate insiders own 12.50% of the company’s stock.

Hedge Funds Weigh In On Braze

A number of hedge funds and other institutional investors have recently modified their holdings of BRZE. First Trust Advisors LP increased its holdings in shares of Braze by 43.2% in the third quarter. First Trust Advisors LP now owns 121,489 shares of the company’s stock worth $3,049,000 after purchasing an additional 36,628 shares during the last quarter. Focus Advisor Solutions LLC purchased a new stake in shares of Braze in the third quarter worth about $211,000. Stephens Investment Management Group LLC lifted its position in shares of Braze by 0.4% in the third quarter. Stephens Investment Management Group LLC now owns 1,525,716 shares of the company’s stock worth $38,295,000 after buying an additional 5,475 shares in the last quarter. Public Sector Pension Investment Board bought a new position in Braze during the third quarter valued at approximately $921,000. Finally, Virtus Advisers LLC boosted its stake in Braze by 25.0% during the third quarter. Virtus Advisers LLC now owns 13,206 shares of the company’s stock valued at $331,000 after buying an additional 2,645 shares during the last quarter. Institutional investors own 90.47% of the company’s stock.

About Braze

Braze, Inc. provides a cloud-based customer engagement platform that helps businesses communicate with customers through personalized, interactive experiences. Its software enables companies to use customer data to create and manage campaigns across channels such as email, mobile push notifications, in-app messages, web messaging and SMS. The Braze platform includes tools for audience segmentation, campaign and customer-journey orchestration, personalization and performance analysis. Businesses use these capabilities to coordinate communications and adapt them based on customer behavior and preferences.