Braze (NASDAQ:BRZE) Sets New 12-Month High – Time to Buy?

Shares of Braze, Inc. (NASDAQ:BRZE) reached a new 52-week high during trading on Tuesday. The stock traded as high as $45.45 and last traded at $45.3010, with a volume of 2,610,332 shares changing hands. The stock had previously closed at $30.04.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Mizuho set a $52.00 price target on Braze in a research report on Wednesday, September 9th. TD Cowen boosted their target price on Braze from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. Cantor Fitzgerald reissued an “overweight” rating and issued a $38.00 price objective on shares of Braze in a research report on Wednesday, September 30th. Needham & Company LLC reissued a “buy” rating and set a $50.00 target price on shares of Braze in a research report on Wednesday, September 9th. Finally, Canaccord Genuity Group increased their price target on Braze from $35.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, September 9th. Nineteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Braze presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.21.

Braze Trading Up 50.8%

The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of -44.03 and a beta of 0.91. The company has a fifty day moving average price of $28.27 and a 200-day moving average price of $24.93.

Braze (NASDAQ:BRZE) last posted its quarterly earnings data on Tuesday, September 8th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.03. Braze had a negative return on equity of 16.11% and a negative net margin of 13.55%. The company had revenue of $227.23 million during the quarter, compared to analysts’ expectations of $220.27 million. During the same period in the prior year, the business earned $0.15 earnings per share. Braze’s revenue for the quarter was up 26.2% compared to the same quarter last year. Braze has set its FY 2027 guidance at 0.640-0.650 EPS and its Q3 2027 guidance at 0.130-0.140 EPS. On average, equities research analysts predict that Braze, Inc. will post -0.70 EPS for the current year.

Insider Transactions at Braze

In other Braze news, CTO Jonathan Hyman sold 42,000 shares of the stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $32.47, for a total value of $1,363,740.00. Following the completion of the sale, the chief technology officer owned 1,143,219 shares in the company, valued at $37,120,320.93. This trade represents a 3.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Edward M. Mcdonnell sold 29,732 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $31.38, for a total transaction of $932,990.16. Following the sale, the executive owned 409,630 shares of the company’s stock, valued at $12,854,189.40. This trade represents a 6.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 203,568 shares of company stock valued at $6,096,461 over the last three months. 12.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Braze

A number of hedge funds have recently made changes to their positions in BRZE. State of Alaska Department of Revenue lifted its position in shares of Braze by 32.5% during the third quarter. State of Alaska Department of Revenue now owns 5,578 shares of the company’s stock valued at $140,000 after purchasing an additional 1,367 shares in the last quarter. Juncture Wealth Strategies LLC purchased a new position in Braze in the 3rd quarter valued at approximately $210,000. Whetstone Capital Advisors LLC purchased a new position in shares of Braze in the second quarter valued at $671,000. Integrated Wealth Concepts LLC bought a new position in Braze in the 2nd quarter worth about $50,000. Finally, Squarepoint Ops LLC grew its stake in Braze by 13.3% during the second quarter. Squarepoint Ops LLC now owns 391,337 shares of the company’s stock valued at $8,488,000 after acquiring an additional 46,049 shares in the last quarter. 90.47% of the stock is currently owned by institutional investors.

Braze Company Profile

Braze, Inc is a customer engagement software company that helps businesses build and manage personalized interactions with consumers. Its cloud-based platform enables organizations to collect and analyze customer data, create audience segments, and deliver marketing messages across multiple channels.

The Braze platform supports communication through mobile and web applications, email, SMS, messaging services, and other digital channels. Its offerings include campaign orchestration, customer journey management, in-app and browser messaging, personalization, analytics, experimentation, and artificial intelligence tools designed to help companies improve customer retention and engagement.

The company was founded in 2011 as Appboy by Bill Magnuson, Mark Ghermezian, and Jon Hyman, and later adopted the Braze name.