Braze (NASDAQ:BRZE) Issues Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Braze (NASDAQ:BRZE) posted its earnings results on Thursday. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.02, Briefing.com reports. Braze had a negative return on equity of 24.88% and a negative net margin of 20.41%. The firm had revenue of $162.06 million during the quarter, compared to analyst estimates of $158.60 million. During the same period in the previous year, the company earned ($0.05) EPS. The company’s revenue for the quarter was up 19.6% on a year-over-year basis. Braze updated its FY 2026 guidance to 0.150-0.180 EPS and its Q2 2026 guidance to 0.020-0.030 EPS.

Braze Trading Down 17.6%

BRZE opened at $29.73 on Friday. The stock’s 50 day simple moving average is $32.78 and its 200-day simple moving average is $37.97. Braze has a 1 year low of $27.45 and a 1 year high of $48.33. The stock has a market cap of $3.11 billion, a PE ratio of -26.08 and a beta of 1.22.

Insider Buying and Selling at Braze

In other Braze news, insider Astha Malik sold 13,460 shares of the company’s stock in a transaction on Monday, May 19th. The stock was sold at an average price of $35.88, for a total value of $482,944.80. Following the sale, the insider now directly owns 258,395 shares in the company, valued at $9,271,212.60. This represents a 4.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Myles Kleeger sold 9,189 shares of the company’s stock in a transaction on Monday, May 19th. The shares were sold at an average price of $35.88, for a total value of $329,701.32. Following the completion of the sale, the insider now owns 159,693 shares in the company, valued at $5,729,784.84. This trade represents a 5.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 71,150 shares of company stock worth $2,540,814 over the last three months. Company insiders own 18.20% of the company’s stock.

Institutional Trading of Braze

A hedge fund recently raised its stake in Braze stock. Intech Investment Management LLC grew its holdings in Braze, Inc. (NASDAQ:BRZE) by 18.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 40,281 shares of the company’s stock after purchasing an additional 6,379 shares during the quarter. Intech Investment Management LLC’s holdings in Braze were worth $1,453,000 as of its most recent filing with the SEC. 90.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BRZE has been the topic of several recent analyst reports. Wells Fargo & Company dropped their price target on Braze from $55.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Stephens dropped their price target on Braze from $51.00 to $41.00 and set an “overweight” rating on the stock in a research report on Friday. JPMorgan Chase & Co. dropped their price target on Braze from $47.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday. Macquarie dropped their price target on Braze from $40.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Stifel Nicolaus set a $50.00 price target on Braze and gave the stock a “buy” rating in a research report on Friday, March 28th. One research analyst has rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $46.60.

About Braze

Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. The company offers 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 Data Integrations, which allow brands to sync user cohorts from partners; Data Transformation, in which brands can programmatically sync and transform user data; and Braze Cloud Data Ingestion that enables brands to harness their customer data.