Braze (NASDAQ:BRZE) Stock Price Up 4.8% - Here's What Happened

Key Points

• Braze shares rose 4.8% to approximately $29.29 in Tuesday trading, though volume was 74% below the stock’s average session volume.
• Analyst sentiment remains broadly positive: the stock has a consensus “Moderate Buy” rating and an average price target of $35.06, with BTIG raising its target to $35 while maintaining a Buy rating.
• Braze reported quarterly revenue of $211 million, up 30.2% year over year and above estimates, while matching consensus earnings of $0.10 per share. Insiders have sold nearly 96,700 shares worth $2.74 million over the past 90 days.

Braze, Inc. (NASDAQ:BRZE - Get Free Report)'s stock price was up 4.8% during trading on Tuesday . The company traded as high as $29.45 and last traded at $29.2890. 749,968 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 2,920,198 shares. The stock had previously closed at $27.95.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. BTIG Research upped their price target on shares of Braze from $30.00 to $35.00 and gave the company a "buy" rating in a research report on Friday. TD Cowen reiterated a "buy" rating on shares of Braze in a research report on Monday, June 15th. Canaccord Genuity Group cut their target price on shares of Braze from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Thursday, May 28th. Cantor Fitzgerald reiterated an "overweight" rating and set a $38.00 price target on shares of Braze in a report on Thursday, May 28th. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of Braze in a report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $35.06.

Braze Price Performance

The stock's 50 day moving average is $23.99 and its 200-day moving average is $22.07. The company has a market capitalization of $3.30 billion, a P/E ratio of -26.14 and a beta of 0.83.

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

Insiders Place Their Bets

In other news, CTO Jonathan Hyman sold 35,000 shares of the company's stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $30.03, for a total value of $1,051,050.00. Following the sale, the chief technology officer directly owned 1,220,416 shares of the company's stock, valued at $36,649,092.48. This represents a 2.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Astha Malik sold 33,656 shares of Braze stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $27.65, for a total transaction of $930,588.40. Following the transaction, the insider directly owned 278,138 shares of the company's stock, valued at approximately $7,690,515.70. This trade represents a 10.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 96,699 shares of company stock worth $2,742,076. Company insiders own 12.50% of the company's stock.

Institutional Investors Weigh In On Braze

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Braze by 10.0% during the 4th quarter. Vanguard Group Inc. now owns 9,851,050 shares of the company's stock valued at $337,793,000 after purchasing an additional 892,635 shares in the last quarter. Dana Investment Advisors Inc. bought a new position in shares of Braze in the fourth quarter worth approximately $1,980,000. Stephens Investment Management Group LLC lifted its stake in shares of Braze by 8.7% in the fourth quarter. Stephens Investment Management Group LLC now owns 1,233,143 shares of the company's stock worth $42,284,000 after buying an additional 98,854 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Braze by 232,716.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 100,111 shares of the company's stock valued at $3,433,000 after buying an additional 100,068 shares during the last quarter. Finally, Dimensional Fund Advisors LP bought a new stake in shares of Braze during the first quarter valued at approximately $14,294,000. 90.47% of the stock is owned by institutional investors.

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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