DA Davidson Analysts Reduce Earnings Estimates for Braze, Inc. (NASDAQ:BRZE)

Braze, Inc. (NASDAQ:BRZE - Free Report) - Analysts at DA Davidson lowered their FY2025 earnings estimates for shares of Braze in a report released on Monday, April 1st. DA Davidson analyst G. Luria now forecasts that the company will post earnings per share of ($1.16) for the year, down from their prior forecast of ($1.07). DA Davidson currently has a "Buy" rating and a $65.00 price objective on the stock. The consensus estimate for Braze's current full-year earnings is ($1.15) per share.

Several other equities research analysts also recently weighed in on the company. Scotiabank decreased their target price on Braze from $65.00 to $58.00 and set a "sector perform" rating for the company in a research report on Thursday, March 28th. Piper Sandler reaffirmed an "overweight" rating and issued a $66.00 price objective on shares of Braze in a research report on Thursday, March 28th. UBS Group upgraded shares of Braze from a "neutral" rating to a "buy" rating and set a $62.00 price objective on the stock in a research note on Thursday, March 21st. BTIG Research upped their target price on shares of Braze from $60.00 to $75.00 and gave the company a "buy" rating in a research note on Thursday, December 7th. Finally, Canaccord Genuity Group dropped their price target on shares of Braze from $70.00 to $65.00 and set a "buy" rating on the stock in a research note on Thursday, March 28th. One investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $64.29.

Braze Trading Down 3.2 %

NASDAQ:BRZE traded down $1.40 on Wednesday, hitting $41.84. 1,381,820 shares of the stock were exchanged, compared to its average volume of 827,361. Braze has a fifty-two week low of $25.76 and a fifty-two week high of $61.53. The stock has a fifty day moving average of $54.19 and a 200-day moving average of $51.18. The stock has a market cap of $4.18 billion, a PE ratio of -31.20 and a beta of 1.13.

Insider Buying and Selling

In other Braze news, CAO Pankaj Malik sold 1,000 shares of the company's stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $53.73, for a total value of $53,730.00. Following the completion of the transaction, the chief accounting officer now owns 77,853 shares in the company, valued at approximately $4,183,041.69. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CAO Pankaj Malik sold 1,000 shares of the stock in a transaction on Friday, January 12th. The stock was sold at an average price of $53.73, for a total value of $53,730.00. Following the completion of the transaction, the chief accounting officer now owns 77,853 shares of the company's stock, valued at $4,183,041.69. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Phillip M. Fernandez sold 1,500 shares of the company's stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $59.91, for a total transaction of $89,865.00. Following the completion of the sale, the director now directly owns 11,056 shares of the company's stock, valued at approximately $662,364.96. The disclosure for this sale can be found here. Insiders sold a total of 75,471 shares of company stock worth $4,196,153 in the last three months. 26.48% of the stock is owned by insiders.

Hedge Funds Weigh In On Braze

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BRZE. BlackRock Inc. lifted its holdings in shares of Braze by 296.6% in the second quarter. BlackRock Inc. now owns 2,604,483 shares of the company's stock valued at $114,050,000 after buying an additional 1,947,831 shares during the period. 1832 Asset Management L.P. increased its holdings in shares of Braze by 537.4% in the 4th quarter. 1832 Asset Management L.P. now owns 1,527,100 shares of the company's stock valued at $81,135,000 after purchasing an additional 1,287,500 shares during the period. Morgan Stanley boosted its position in Braze by 20.1% during the third quarter. Morgan Stanley now owns 5,387,736 shares of the company's stock valued at $251,769,000 after purchasing an additional 899,894 shares during the last quarter. Deutsche Bank AG grew its stake in Braze by 12,400.1% in the first quarter. Deutsche Bank AG now owns 852,010 shares of the company's stock valued at $29,454,000 after purchasing an additional 845,194 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in Braze by 180.0% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,285,100 shares of the company's stock worth $60,053,000 after purchasing an additional 826,100 shares during the last quarter. 90.47% of the stock is owned by institutional investors.

Braze Company Profile

Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. The company offers data ingestion products, such as 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 cohort syncing, which allow brands to sync user cohorts from partners; and Braze Cloud Data Ingestion that enables brands to harness their customer data.