Cantor Fitzgerald Forecasts Braze FY2026 Earnings

Braze, Inc. (NASDAQ:BRZE - Free Report) - Analysts at Cantor Fitzgerald issued their FY2026 earnings estimates for shares of Braze in a research report issued to clients and investors on Monday, June 9th. Cantor Fitzgerald analyst M. Vanvliet forecasts that the company will post earnings of ($0.98) per share for the year. Cantor Fitzgerald currently has a "Overweight" rating and a $45.00 target price on the stock. The consensus estimate for Braze's current full-year earnings is ($0.98) per share.

Several other analysts have also recently commented on the stock. Stifel Nicolaus set a $50.00 price target on shares of Braze and gave the company a "buy" rating in a research note on Friday, March 28th. Piper Sandler dropped their target price on Braze from $48.00 to $38.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Macquarie decreased their price target on Braze from $40.00 to $35.00 and set a "neutral" rating on the stock in a report on Friday, June 6th. Oppenheimer dropped their price objective on Braze from $51.00 to $44.00 and set an "outperform" rating for the company in a report on Friday, June 6th. Finally, Raymond James cut their target price on shares of Braze from $48.00 to $43.00 and set an "outperform" rating on the stock in a research report on Friday, June 6th. One equities research analyst has rated the stock with a hold rating and twenty have assigned a buy rating to the company's stock. Based on data from MarketBeat, Braze currently has an average rating of "Moderate Buy" and a consensus price target of $46.60.

Braze Trading Down 0.8%

Shares of Braze stock traded down $0.24 during trading on Wednesday, reaching $28.19. The company's stock had a trading volume of 550,288 shares, compared to its average volume of 1,280,612. Braze has a one year low of $27.45 and a one year high of $48.33. The stock has a market capitalization of $2.95 billion, a P/E ratio of -24.73 and a beta of 1.22. The stock has a 50-day moving average price of $32.54 and a two-hundred day moving average price of $37.80.

Braze (NASDAQ:BRZE - Get Free Report) last posted its earnings results on Thursday, June 5th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.02. Braze had a negative net margin of 20.41% and a negative return on equity of 24.88%. The company had revenue of $162.06 million during the quarter, compared to analysts' expectations of $158.60 million. During the same quarter in the previous year, the company posted ($0.05) earnings per share. Braze's quarterly revenue was up 19.6% compared to the same quarter last year.

Insiders Place Their Bets

In other Braze news, General Counsel Susan Wiseman sold 4,167 shares of Braze stock in a transaction on Friday, April 4th. The shares were sold at an average price of $30.98, for a total value of $129,093.66. Following the sale, the general counsel now directly owns 248,999 shares in the company, valued at approximately $7,713,989.02. The trade was a 1.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Phillip M. Fernandez sold 1,500 shares of the business's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $41.46, for a total transaction of $62,190.00. Following the sale, the director now directly owns 15,269 shares in the company, valued at $633,052.74. This trade represents a 8.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 71,150 shares of company stock worth $2,540,814. Company insiders own 18.20% of the company's stock.

Institutional Trading of Braze

A number of hedge funds and other institutional investors have recently modified their holdings of BRZE. Rhumbline Advisers grew its stake in Braze by 6.3% in the first quarter. Rhumbline Advisers now owns 93,189 shares of the company's stock valued at $3,362,000 after purchasing an additional 5,532 shares in the last quarter. Strs Ohio acquired a new position in shares of Braze during the 1st quarter worth approximately $220,000. Intech Investment Management LLC raised its stake in Braze by 18.8% in the 1st quarter. Intech Investment Management LLC now owns 40,281 shares of the company's stock valued at $1,453,000 after acquiring an additional 6,379 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Braze during the first quarter worth $691,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Braze by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,224 shares of the company's stock valued at $1,415,000 after purchasing an additional 1,700 shares during the last quarter. Institutional investors and hedge funds 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 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 Data Integrations, which allow brands to sync user cohorts from partners; Data Transformation, in which brands can programmatically sync and transform user data; and Braze Cloud Data Ingestion that enables brands to harness their customer data.