BTIG Research Has Lowered Expectations for Braze (NASDAQ:BRZE) Stock Price

Key Points

• BTIG cut its price target for Braze from $45 to $25 while maintaining a "buy" rating, a target that implies about a 30% upside from the current stock price.
• Analyst sentiment remains generally positive: 21 firms rate BRZE a Buy and the market consensus price target is $42.65, though individual targets vary widely (e.g., Barclays $45, Citizens $68).
• Insider selling has occurred recently (60,676 shares sold in the past 90 days, including transactions at ~$16.93), and the stock opened Friday at $19.21 with a negative P/E and a one-year range of $15.26–$43.89.

Braze (NASDAQ:BRZE - Get Free Report) had its price objective dropped by equities research analysts at BTIG Research from $45.00 to $25.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. BTIG Research's target price suggests a potential upside of 30.14% from the stock's current price.

Several other equities analysts have also recently weighed in on BRZE. DA Davidson lifted their price objective on shares of Braze from $40.00 to $42.00 and gave the stock a "buy" rating in a research report on Wednesday, December 10th. Citizens Jmp restated a "market outperform" rating and issued a $68.00 price objective on shares of Braze in a research note on Wednesday, December 10th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $38.00 price objective on shares of Braze in a report on Wednesday, December 10th. Stifel Nicolaus set a $40.00 target price on shares of Braze in a research note on Monday, February 9th. Finally, Barclays boosted their target price on shares of Braze from $39.00 to $45.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 10th. Twenty-one investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Braze currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.65.

Braze Price Performance

Shares of BRZE opened at $19.21 on Friday. Braze has a one year low of $15.26 and a one year high of $43.89. The company has a 50-day moving average of $20.64 and a two-hundred day moving average of $26.79. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of -17.46 and a beta of 1.08.

Insiders Place Their Bets

In other news, insider Astha Malik sold 14,049 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $16.93, for a total value of $237,849.57. Following the completion of the transaction, the insider owned 205,289 shares in the company, valued at approximately $3,475,542.77. This represents a 6.41% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Jonathan Hyman sold 7,391 shares of the stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $16.93, for a total transaction of $125,129.63. Following the completion of the transaction, the chief technology officer directly owned 1,692,933 shares of the company's stock, valued at $28,661,355.69. This trade represents a 0.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 60,676 shares of company stock valued at $1,027,661 in the last ninety days. 18.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Braze

A number of hedge funds have recently modified their holdings of the stock. NBC Securities Inc. acquired a new stake in Braze in the 4th quarter valued at $27,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Braze by 3,650.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company's stock valued at $28,000 after acquiring an additional 803 shares during the period. Osaic Holdings Inc. lifted its holdings in shares of Braze by 821.1% during the second quarter. Osaic Holdings Inc. now owns 1,575 shares of the company's stock valued at $44,000 after acquiring an additional 1,404 shares during the period. Quarry LP acquired a new stake in shares of Braze in the 3rd quarter valued at $46,000. Finally, Clearstead Advisors LLC grew its holdings in shares of Braze by 58.2% in the 3rd quarter. Clearstead Advisors LLC now owns 1,685 shares of the company's stock worth $48,000 after purchasing an additional 620 shares during the last quarter. 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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