Braze (NASDAQ:BRZE) Hits New 1-Year High – Time to Buy?

Braze, Inc. (NASDAQ:BRZE) shares reached a new 52-week high on Wednesday. The stock traded as high as $45.99 and last traded at $45.9040, with a volume of 676,290 shares trading hands. The stock had previously closed at $45.79.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. BTIG Research lowered shares of Braze from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 20th. Stephens lowered shares of Braze from an “overweight” rating to a “buy” rating and raised their price target for the stock from $34.00 to $47.50 in a research report on Wednesday, October 21st. TD Cowen lowered shares of Braze from a “buy” rating to a “hold” rating and upped their price objective for the company from $36.00 to $47.50 in a research report on Tuesday, October 20th. The Goldman Sachs Group reiterated a “buy” rating and issued a $38.00 target price on shares of Braze in a research note on Wednesday, September 9th. Finally, Raymond James Financial downgraded Braze from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 21st. Five research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $43.95.

Braze Stock Up 0.3%

The company has a market capitalization of $5.22 billion, a price-to-earnings ratio of -44.58 and a beta of 0.77. The business has a fifty day simple moving average of $31.79 and a two-hundred day simple moving average of $24.82. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.02.

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

Insider Activity

In other Braze news, CRO Edward M. Mcdonnell sold 29,732 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $31.38, for a total value of $932,990.16. Following the transaction, the executive owned 409,630 shares of the company’s stock, valued at approximately $12,854,189.40. The trade was a 6.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jonathan Hyman sold 285,000 shares of the firm’s stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $45.33, for a total value of $12,919,050.00. Following the completion of the sale, the chief technology officer owned 848,219 shares of the company’s stock, valued at approximately $38,449,767.27. This trade represents a 25.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 518,568 shares of company stock worth $20,231,111. Insiders own 12.50% of the company’s stock.

Institutional Trading of Braze

Several hedge funds have recently modified their holdings of the stock. Commonwealth Equity Services LLC boosted its position in Braze by 12.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 16,231 shares of the company’s stock valued at $407,000 after buying an additional 1,816 shares during the last quarter. Vise Technologies Inc. acquired a new stake in Braze in the third quarter worth about $210,000. State of Wyoming raised its holdings in Braze by 103.5% during the 3rd quarter. State of Wyoming now owns 6,037 shares of the company’s stock worth $152,000 after purchasing an additional 3,070 shares during the last quarter. Sterling Capital Management LLC raised its holdings in Braze by 840.2% during the 3rd quarter. Sterling Capital Management LLC now owns 3,159 shares of the company’s stock worth $79,000 after purchasing an additional 2,823 shares during the last quarter. Finally, Capstone Capital Management Ltd lifted its position in Braze by 306.7% during the 3rd quarter. Capstone Capital Management Ltd now owns 47,986 shares of the company’s stock valued at $1,204,000 after purchasing an additional 36,186 shares during the period. 90.47% of the stock is owned by institutional investors.

Braze Company Profile

Braze, Inc is a customer engagement software company that provides a platform for businesses to build, manage and measure personalized interactions with consumers. Its technology is designed to help brands communicate with customers across digital channels, including mobile applications, websites, email, SMS and messaging services.

The Braze platform supports customer data collection and segmentation, campaign creation, journey orchestration, experimentation and engagement analytics. Its capabilities include in-app and web messaging, push notifications, email marketing, content personalization and automated lifecycle campaigns.