Braze (NASDAQ:BRZE) Sees Strong Trading Volume - What's Next?

Key Points

• Braze shares traded actively, with about 1.92 million shares changing hands and the stock closing at $31.61, up from $31.06.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $35.06, although several firms recently reduced their targets.
• The company reported quarterly revenue of $211 million, up 30.2% year over year and above estimates, while EPS met expectations at $0.10; Braze remains unprofitable, with a negative net margin of 15.51%.

Braze, Inc. (NASDAQ:BRZE - Get Free Report) shares saw strong trading volume on Monday . Approximately 1,920,196 shares traded hands during trading, a decline of 35% from the previous session's volume of 2,938,358 shares.The stock last traded at $31.6060 and had previously closed at $31.06.

Wall Street Analysts Forecast Growth

BRZE has been the topic of a number of research reports. DA Davidson reiterated a "buy" rating and issued a $33.00 price objective on shares of Braze in a research note on Thursday, May 28th. Piper Sandler restated an "overweight" rating and set a $27.00 target price on shares of Braze in a research report on Thursday, May 28th. UBS Group reaffirmed an "outperform" rating on shares of Braze in a report on Thursday, May 28th. Citigroup cut their price target on Braze from $49.00 to $48.00 and set a "buy" rating on the stock in a research report on Friday, May 29th. Finally, Canaccord Genuity Group reduced their price objective on Braze from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $35.06.

Braze Stock Performance

The business's 50 day moving average price is $24.68 and its 200 day moving average price is $22.31. The firm has a market cap of $3.55 billion, a price-to-earnings ratio of -28.11 and a beta of 0.83.

Braze (NASDAQ:BRZE - Get Free Report) last released its quarterly earnings results on Wednesday, May 27th. The company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. Braze had a negative net margin of 15.51% and a negative return on equity of 17.52%. The company had revenue of $211.00 million for the quarter, compared to analyst estimates of $205.19 million. During the same quarter last year, the business earned $0.07 earnings per share. The firm's revenue was up 30.2% on a year-over-year basis. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. Sell-side analysts anticipate that Braze, Inc. will post -0.78 earnings per share for the current fiscal year.

Insider Activity

In related news, CTO Jonathan Hyman sold 9,413 shares of Braze stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $29.99, for a total value of $282,295.87. Following the completion of the transaction, the chief technology officer owned 1,195,219 shares in the company, valued at $35,844,617.81. The trade was a 0.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Astha Malik sold 15,724 shares of the company's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $29.57, for a total value of $464,958.68. Following the completion of the transaction, the insider directly owned 326,233 shares of the company's stock, valued at $9,646,709.81. The trade was a 4.60% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 121,836 shares of company stock worth $3,489,331. Corporate insiders own 12.50% of the company's stock.

Institutional Trading of Braze

Several institutional investors have recently bought and sold shares of BRZE. NBC Securities Inc. acquired a new position in shares of Braze during the 4th quarter worth approximately $27,000. Fifth Third Bancorp acquired a new stake in Braze in the 1st quarter valued at $27,000. Caitong International Asset Management Co. Ltd increased its holdings in Braze by 3,650.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company's stock worth $28,000 after acquiring an additional 803 shares in the last quarter. Harbor Investment Advisory LLC purchased a new stake in Braze in the 2nd quarter worth $36,000. Finally, Osaic Holdings Inc. raised its position in Braze by 821.1% during the second quarter. Osaic Holdings Inc. now owns 1,575 shares of the company's stock worth $44,000 after acquiring an additional 1,404 shares during the period. 90.47% of the stock is owned by institutional investors and hedge funds.

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.

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