Braze (NASDAQ:BRZE) Releases Earnings Results, Beats Estimates By $0.02 EPS

Braze (NASDAQ:BRZE - Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.02, Briefing.com reports. Braze had a negative return on equity of 24.88% and a negative net margin of 20.41%. The firm had revenue of $162.06 million for the quarter, compared to analysts' expectations of $158.60 million. During the same period in the previous year, the firm earned ($0.05) EPS. The business's quarterly revenue was up 19.6% on a year-over-year basis. Braze updated its FY 2026 guidance to 0.150-0.180 EPS and its Q2 2026 guidance to 0.020-0.030 EPS.

Braze Stock Performance

NASDAQ:BRZE traded down $6.37 during trading hours on Friday, reaching $29.73. The stock had a trading volume of 7,732,131 shares, compared to its average volume of 1,280,621. Braze has a 52 week low of $27.45 and a 52 week high of $48.33. The company has a 50 day moving average price of $32.78 and a two-hundred day moving average price of $37.97. The stock has a market capitalization of $3.11 billion, a PE ratio of -26.08 and a beta of 1.22.

Insiders Place Their Bets

In other news, CEO William Magnuson sold 25,089 shares of Braze stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $35.88, for a total value of $900,193.32. Following the completion of the transaction, the chief executive officer now owns 745,769 shares in the company, valued at approximately $26,758,191.72. The trade was a 3.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Pankaj Malik sold 3,405 shares of Braze stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $35.88, for a total value of $122,171.40. Following the completion of the transaction, the chief accounting officer now owns 69,274 shares of the company's stock, valued at approximately $2,485,551.12. This trade represents a 4.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 71,150 shares of company stock valued at $2,540,814 in the last quarter. 18.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Braze

A hedge fund recently raised its stake in Braze stock. Intech Investment Management LLC lifted its stake in Braze, Inc. (NASDAQ:BRZE - Free Report) by 18.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 40,281 shares of the company's stock after purchasing an additional 6,379 shares during the quarter. Intech Investment Management LLC's holdings in Braze were worth $1,453,000 at the end of the most recent reporting period. 90.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BRZE has been the topic of a number of analyst reports. Raymond James lowered their price objective on Braze from $48.00 to $43.00 and set an "outperform" rating on the stock in a research report on Friday. Piper Sandler decreased their target price on Braze from $48.00 to $38.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Stifel Nicolaus set a $50.00 target price on Braze and gave the company a "buy" rating in a research note on Friday, March 28th. JPMorgan Chase & Co. decreased their target price on Braze from $47.00 to $45.00 and set an "overweight" rating on the stock in a research note on Friday. Finally, Macquarie decreased their target price on Braze from $40.00 to $35.00 and set a "neutral" rating on the stock in a research note on Friday. One analyst has rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, Braze currently has a consensus rating of "Moderate Buy" and a consensus price target of $46.60.

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.