Braze (NASDAQ:BRZE) Issues FY 2025 Earnings Guidance

Braze (NASDAQ:BRZE) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of -0.120–0.080 for the period, compared to the consensus estimate of -0.020. The company issued revenue guidance of $570.0 million-$575.0 million, compared to the consensus revenue estimate of $572.2 million. Braze also updated its FY25 guidance to $(0.12)-$(0.08) EPS.

Braze Stock Up 2.3 %

Shares of Braze stock traded up $1.16 during trading hours on Wednesday, reaching $50.58. 1,549,469 shares of the stock traded hands, compared to its average volume of 725,473. Braze has a one year low of $25.76 and a one year high of $61.53. The firm has a market capitalization of $5.05 billion, a price-to-earnings ratio of -36.02 and a beta of 1.21. The company has a 50 day moving average price of $55.12 and a 200 day moving average price of $51.25.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Canaccord Genuity Group increased their price target on shares of Braze from $55.00 to $70.00 and gave the stock a buy rating in a research report on Thursday, December 7th. JMP Securities raised their target price on Braze from $56.00 to $68.00 and gave the stock a market outperform rating in a report on Thursday, December 7th. JPMorgan Chase & Co. upped their price target on Braze from $52.00 to $57.00 and gave the stock an overweight rating in a research report on Wednesday, November 29th. DA Davidson reaffirmed a buy rating and issued a $65.00 price objective on shares of Braze in a research note on Monday. Finally, Scotiabank boosted their price objective on Braze from $54.00 to $65.00 and gave the company a sector perform rating in a research note on Thursday, December 7th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, Braze presently has an average rating of Moderate Buy and an average price target of $63.76.

Insider Buying and Selling at Braze

In other news, Director Phillip M. Fernandez sold 1,500 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $51.32, for a total transaction of $76,980.00. Following the completion of the transaction, the director now directly owns 11,056 shares in the company, valued at approximately $567,393.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Phillip M. Fernandez sold 1,500 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $51.32, for a total value of $76,980.00. Following the sale, the director now directly owns 11,056 shares in the company, valued at approximately $567,393.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Pankaj Malik sold 1,000 shares of the company’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $53.73, for a total transaction of $53,730.00. Following the sale, the chief accounting officer now owns 77,853 shares in the company, valued at $4,183,041.69. The disclosure for this sale can be found here. Insiders sold 90,471 shares of company stock worth $5,013,803 in the last quarter. 26.48% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Braze

Several large investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its position in Braze by 45.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,127,398 shares of the company’s stock worth $59,900,000 after buying an additional 352,090 shares during the last quarter. GSA Capital Partners LLP raised its holdings in shares of Braze by 86.4% in the fourth quarter. GSA Capital Partners LLP now owns 21,817 shares of the company’s stock worth $1,159,000 after buying an additional 10,113 shares during the period. Blue Owl Capital Holdings LP bought a new stake in shares of Braze during the fourth quarter worth $942,000. Legal & General Group Plc lifted its holdings in Braze by 4.1% during the 4th quarter. Legal & General Group Plc now owns 43,394 shares of the company’s stock valued at $2,306,000 after buying an additional 1,712 shares in the last quarter. Finally, Barclays PLC raised its stake in shares of Braze by 384.3% during the fourth quarter. Barclays PLC now owns 81,273 shares of the company’s stock valued at $4,318,000 after acquiring an additional 64,492 shares in the last quarter. Institutional investors own 90.47% of the company’s stock.

About Braze

Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. The company offers data ingestion products, such as 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 cohort syncing, which allow brands to sync user cohorts from partners; and Braze Cloud Data Ingestion that enables brands to harness their customer data.