Braze (NASDAQ:BRZE) Trading 8% Higher – Still a Buy?

Braze, Inc. (NASDAQ:BRZE) shot up 8% during trading on Tuesday . The stock traded as high as $17.15 and last traded at $17.0510. 794,261 shares traded hands during trading, a decline of 75% from the average session volume of 3,141,956 shares. The stock had previously closed at $15.79.

Wall Street Analysts Forecast Growth

BRZE has been the topic of several recent analyst reports. DA Davidson boosted their price target on Braze from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Needham & Company LLC reiterated a “buy” rating and set a $50.00 target price on shares of Braze in a research report on Wednesday, January 14th. The Goldman Sachs Group cut their target price on shares of Braze from $55.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. Wolfe Research upgraded shares of Braze to an “overweight” rating in a report on Wednesday, December 10th. Finally, Wells Fargo & Company upped their price objective on shares of Braze from $40.00 to $45.00 and gave the company an “overweight” rating in a report on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $44.30.

Braze Stock Performance

The stock’s 50 day simple moving average is $25.41 and its 200 day simple moving average is $27.53. The firm has a market cap of $2.15 billion, a P/E ratio of -17.45 and a beta of 1.07.

Braze (NASDAQ:BRZE) last issued its quarterly earnings data on Tuesday, December 9th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting 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 during the quarter, compared to analysts’ expectations of $198.25 million. During the same period last year, the company earned $0.02 earnings per share. The business’s 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. As a group, analysts forecast that Braze, Inc. will post -0.98 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO William Magnuson sold 26,413 shares of Braze stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $16.93, for a total transaction of $447,172.09. Following the transaction, the chief executive officer owned 4,491,098 shares of the company’s stock, valued at $76,034,289.14. The trade was a 0.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Astha Malik sold 14,049 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $16.93, for a total value of $237,849.57. Following the completion of the sale, the insider directly owned 205,289 shares of the company’s stock, valued at $3,475,542.77. The trade was a 6.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety 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

A number of large investors have recently made changes to their positions in the company. Arizona State Retirement System grew its position in Braze by 1.7% in the 3rd quarter. Arizona State Retirement System now owns 21,749 shares of the company’s stock worth $619,000 after purchasing an additional 363 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its position in shares of Braze by 2.4% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 19,621 shares of the company’s stock worth $551,000 after buying an additional 461 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in shares of Braze by 34.3% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,843 shares of the company’s stock worth $52,000 after buying an additional 471 shares during the last quarter. CWM LLC boosted its stake in shares of Braze by 9.7% in the 2nd quarter. CWM LLC now owns 6,009 shares of the company’s stock worth $169,000 after buying an additional 532 shares during the last quarter. Finally, Clearstead Advisors LLC grew its holdings in shares of Braze by 58.2% in the third quarter. Clearstead Advisors LLC now owns 1,685 shares of the company’s stock valued at $48,000 after acquiring an additional 620 shares in the last quarter. 90.47% of the stock is owned by institutional investors.

About Braze

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.