Braze (NASDAQ:BRZE) Issues FY25 Earnings Guidance

Braze (NASDAQ:BRZE) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided EPS guidance of $(0.12)-$(0.08) for the period, compared to the consensus EPS estimate of ($0.02). The company issued revenue guidance of $570-575 million, compared to the consensus revenue estimate of $571.51 million. Braze also updated its Q1 guidance to $(0.11)-$(0.10) EPS.

Braze Stock Performance

Shares of NASDAQ BRZE traded up $1.16 during mid-day trading on Wednesday, reaching $50.58. The company had a trading volume of 1,509,212 shares, compared to its average volume of 724,589. The stock has a fifty day moving average of $55.12 and a two-hundred day moving average of $51.25. The company has a market capitalization of $5.05 billion, a price-to-earnings ratio of -36.02 and a beta of 1.21. Braze has a 12-month low of $25.76 and a 12-month high of $61.53.

Analyst Ratings Changes

BRZE has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target on Braze from $52.00 to $57.00 and gave the company an overweight rating in a report on Wednesday, November 29th. Scotiabank lifted their price target on Braze from $54.00 to $65.00 and gave the company a sector perform rating in a report on Thursday, December 7th. Barclays lifted their price target on Braze from $65.00 to $80.00 and gave the company an overweight rating in a report on Thursday, December 7th. Piper Sandler upped their price target on Braze from $57.00 to $66.00 and gave the stock an overweight rating in a research note on Thursday, December 7th. Finally, JMP Securities raised their price objective on Braze from $56.00 to $68.00 and gave the company a market outperform rating in a research note on Thursday, December 7th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $63.76.

Insider Activity at Braze

In related news, insider Myles Kleeger sold 15,000 shares of the company’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $49.78, for a total value of $746,700.00. Following the completion of the transaction, the insider now directly owns 171,709 shares in the company, valued at $8,547,674.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Myles Kleeger sold 15,000 shares of the company’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $49.78, for a total value of $746,700.00. Following the completion of the transaction, the insider now directly owns 171,709 shares in the company, valued at $8,547,674.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Phillip M. Fernandez sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $51.32, for a total value of $76,980.00. Following the transaction, the director now owns 11,056 shares of the company’s stock, valued at approximately $567,393.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 90,471 shares of company stock worth $5,013,803. 26.48% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Braze

Several hedge funds and other institutional investors have recently modified their holdings of BRZE. Comerica Bank boosted its holdings in shares of Braze by 377.2% in the 4th quarter. Comerica Bank now owns 940 shares of the company’s stock worth $50,000 after acquiring an additional 743 shares in the last quarter. KBC Group NV acquired a new position in shares of Braze in the 4th quarter worth approximately $56,000. Royal Bank of Canada boosted its holdings in shares of Braze by 189.3% in the 3rd quarter. Royal Bank of Canada now owns 1,160 shares of the company’s stock worth $40,000 after acquiring an additional 759 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Braze by 70.0% during the third quarter. Advisors Asset Management Inc. now owns 1,406 shares of the company’s stock valued at $66,000 after purchasing an additional 579 shares during the last quarter. Finally, State of Wyoming bought a new stake in shares of Braze during the second quarter valued at approximately $73,000. Institutional investors own 90.47% of the company’s stock.

Braze Company Profile

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.