Braze (NASDAQ:BRZE) Updates FY25 Earnings Guidance

Braze (NASDAQ:BRZE) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $(0.12)-$(0.08) for the period, compared to the consensus earnings per share estimate of ($0.02). The company issued revenue guidance of $570-575 million, compared to the consensus revenue estimate of $571.51 million. Braze also updated its Q1 guidance to $(0.11)-$(0.10) EPS.

Braze Stock Performance

Shares of NASDAQ BRZE traded up $1.16 during midday trading on Wednesday, reaching $50.58. The company’s stock had a trading volume of 1,509,212 shares, compared to its average volume of 724,589. Braze has a fifty-two week low of $25.76 and a fifty-two week high of $61.53. The business’s 50 day moving average price is $55.12 and its two-hundred day moving average price is $51.25. The company has a market cap of $5.05 billion, a P/E ratio of -36.02 and a beta of 1.21.

Analysts Set New Price Targets

Several research analysts have commented on the stock. The Goldman Sachs Group boosted their price objective on shares of Braze from $55.00 to $63.00 and gave the company a buy rating in a research report on Thursday, December 7th. BTIG Research boosted their price target on Braze from $60.00 to $75.00 and gave the stock a buy rating in a report on Thursday, December 7th. JMP Securities raised their price objective on Braze from $56.00 to $68.00 and gave the company a market outperform rating in a research note on Thursday, December 7th. JPMorgan Chase & Co. raised their price objective on Braze from $52.00 to $57.00 and gave the company an overweight rating in a research note on Wednesday, November 29th. Finally, DA Davidson reaffirmed a buy rating and issued a $65.00 price objective on shares of Braze in a research note on Monday. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $63.76.

Insider Buying and Selling

In related 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 sale, the chief accounting officer now directly owns 77,853 shares in the company, valued at $4,183,041.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related 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 sale, the chief accounting officer now directly owns 77,853 shares in the company, valued at $4,183,041.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Myles Kleeger sold 15,000 shares of Braze stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $49.78, for a total transaction of $746,700.00. Following the transaction, the insider now directly owns 171,709 shares of the company’s stock, valued at approximately $8,547,674.02. The disclosure for this sale can be found here. Insiders have sold 90,471 shares of company stock worth $5,013,803 in the last 90 days. Insiders own 26.48% of the company’s stock.

Institutional Trading of Braze

Large investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its position in Braze by 45.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,127,398 shares of the company’s stock worth $59,900,000 after buying an additional 352,090 shares in the last quarter. GSA Capital Partners LLP increased its stake in Braze by 86.4% in the fourth quarter. GSA Capital Partners LLP now owns 21,817 shares of the company’s stock valued at $1,159,000 after acquiring an additional 10,113 shares during the last quarter. Blue Owl Capital Holdings LP bought a new position in Braze in the fourth quarter valued at $942,000. Legal & General Group Plc raised its position in Braze by 4.1% in the 4th quarter. Legal & General Group Plc now owns 43,394 shares of the company’s stock worth $2,306,000 after purchasing an additional 1,712 shares during the period. Finally, Barclays PLC raised its position in Braze by 384.3% in the 4th quarter. Barclays PLC now owns 81,273 shares of the company’s stock worth $4,318,000 after purchasing an additional 64,492 shares during the period. Hedge funds and other institutional investors own 90.47% of the company’s stock.

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.