Braze (NASDAQ:BRZE) Stock Rating Upgraded by BTIG Research

Braze (NASDAQ:BRZE) was upgraded by BTIG Research to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other research analysts have also issued reports about the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Braze in a research report on Tuesday. Oppenheimer reissued an “outperform” rating and set a $40.00 price target on shares of Braze in a research note on Wednesday, December 10th. William Blair reaffirmed an “outperform” rating on shares of Braze in a research note on Wednesday, October 1st. UBS Group reduced their price objective on Braze from $48.00 to $43.00 and set a “buy” rating for the company in a report on Friday, September 5th. Finally, Mizuho upped their target price on Braze from $45.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $46.95.

Braze Stock Performance

NASDAQ:BRZE opened at $35.54 on Tuesday. Braze has a 1 year low of $23.91 and a 1 year high of $48.33. The stock has a fifty day moving average price of $28.73 and a two-hundred day moving average price of $28.61. The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of -31.87 and a beta of 1.10.

Braze (NASDAQ:BRZE) last issued its earnings results on Tuesday, December 9th. The company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. The company had revenue of $190.84 million for the quarter, compared to analyst estimates of $198.25 million. Braze had a negative net margin of 16.85% and a negative return on equity of 17.87%. The business’s revenue was up 25.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.02 EPS. Braze has set its FY 2026 guidance at 0.420-0.430 EPS and its Q4 2026 guidance at 0.130-0.140 EPS. On average, analysts predict that Braze will post -0.98 EPS for the current year.

Insider Activity at Braze

In other news, insider Astha Malik sold 14,322 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $26.64, for a total value of $381,538.08. Following the completion of the transaction, the insider directly owned 219,338 shares of the company’s stock, valued at $5,843,164.32. The trade was a 6.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CTO Jonathan Hyman sold 9,789 shares of the company’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $26.64, for a total value of $260,778.96. Following the completion of the sale, the chief technology officer owned 195,317 shares in the company, valued at $5,203,244.88. This represents a 4.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 64,383 shares of company stock valued at $1,719,307 in the last ninety days. 18.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Braze

A number of hedge funds and other institutional investors have recently modified their holdings of BRZE. Champlain Investment Partners LLC lifted its stake in shares of Braze by 10.8% during the third quarter. Champlain Investment Partners LLC now owns 2,687,928 shares of the company’s stock valued at $76,445,000 after buying an additional 261,351 shares during the period. JPMorgan Chase & Co. raised its holdings in Braze by 6.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,455,367 shares of the company’s stock valued at $69,831,000 after acquiring an additional 139,133 shares during the last quarter. Battery Management CORP. lifted its stake in shares of Braze by 70.2% during the 3rd quarter. Battery Management CORP. now owns 2,425,000 shares of the company’s stock worth $68,967,000 after purchasing an additional 1,000,000 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Braze by 28.8% during the second quarter. Alliancebernstein L.P. now owns 2,320,171 shares of the company’s stock worth $65,197,000 after purchasing an additional 518,103 shares during the last quarter. Finally, Westfield Capital Management Co. LP grew its position in shares of Braze by 36.1% in the third quarter. Westfield Capital Management Co. LP now owns 2,177,953 shares of the company’s stock valued at $61,941,000 after purchasing an additional 577,649 shares during the period. 90.47% of the stock is currently owned by hedge funds and other institutional investors.

Braze Company Profile

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.