DA Davidson Lowers Braze (NASDAQ:BRZE) Price Target to $30.00

Key Points

• DA Davidson cut its price target on Braze to $30 from $42 but kept a "buy" rating, with the new target implying roughly a 57% upside from the stock's current level.
• The analyst consensus remains a Moderate Buy (22 buys, 1 hold, 1 sell) with an average price target of $41.48, though individual targets range widely from about $25 to $68.
• BRAZE shares traded at $19.07 (market cap ~$2.14B) with a one‑year range of $15.26–$43.89; insiders sold ~60,676 shares in the past 90 days and institutions own roughly 90.5% of the stock.

Braze (NASDAQ:BRZE - Get Free Report) had its price objective lowered by investment analysts at DA Davidson from $42.00 to $30.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. DA Davidson's target price would suggest a potential upside of 57.34% from the stock's current price.

Several other brokerages also recently commented on BRZE. Needham & Company LLC reiterated a "buy" rating and set a $50.00 price target on shares of Braze in a report on Wednesday, January 14th. The Goldman Sachs Group dropped their target price on Braze from $55.00 to $45.00 and set a "buy" rating for the company in a research report on Wednesday, January 28th. Wolfe Research raised Braze to an "overweight" rating in a research note on Wednesday, December 10th. BTIG Research reduced their price target on Braze from $45.00 to $25.00 and set a "buy" rating on the stock in a report on Friday. Finally, Citizens Jmp reissued a "market outperform" rating and set a $68.00 price target on shares of Braze in a research note on Wednesday, December 10th. Twenty-two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $41.48.

Braze Price Performance

Shares of NASDAQ:BRZE traded down $0.14 during trading on Friday, hitting $19.07. The company had a trading volume of 489,898 shares, compared to its average volume of 2,859,477. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of -17.34 and a beta of 1.08. The company has a fifty day simple moving average of $20.64 and a two-hundred day simple moving average of $26.79. Braze has a one year low of $15.26 and a one year high of $43.89.

Insider Buying and Selling at Braze

In other news, insider Astha Malik sold 14,049 shares of the company's 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 sale, the insider directly owned 205,289 shares of the company's stock, valued at $3,475,542.77. This represents a 6.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Susan Wiseman sold 4,167 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $17.03, for a total transaction of $70,964.01. Following the completion of the sale, the general counsel owned 209,864 shares in the company, valued at $3,573,983.92. The trade was a 1.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 60,676 shares of company stock worth $1,027,661. Corporate insiders own 18.20% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Alyeska Investment Group L.P. lifted its holdings in Braze by 592.4% in the fourth quarter. Alyeska Investment Group L.P. now owns 2,105,024 shares of the company's stock valued at $72,181,000 after acquiring an additional 1,801,019 shares during the period. Barclays PLC increased its holdings in shares of Braze by 443.0% during the 3rd quarter. Barclays PLC now owns 1,404,395 shares of the company's stock valued at $39,941,000 after purchasing an additional 1,145,748 shares in the last quarter. UBS Group AG lifted its stake in shares of Braze by 421.1% in the 3rd quarter. UBS Group AG now owns 1,279,678 shares of the company's stock valued at $36,394,000 after purchasing an additional 1,034,087 shares during the period. Battery Management CORP. boosted its holdings in Braze by 70.2% during the third quarter. Battery Management CORP. now owns 2,425,000 shares of the company's stock worth $68,967,000 after buying an additional 1,000,000 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Braze by 238.2% during the 3rd quarter. Bank of America Corp DE now owns 1,351,227 shares of the company's stock worth $38,429,000 after purchasing an additional 951,674 shares during the last quarter. 90.47% of the stock is currently owned by hedge funds and other institutional investors.

Braze Company Profile

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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