Braze (NASDAQ:BRZE) Releases FY 2027 Earnings Guidance

Braze (NASDAQ:BRZE) issued an update on its FY 2027 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.640-0.650 for the period, compared to the consensus EPS estimate of 0.350. The company issued revenue guidance of $910.0 million-$913.0 million, compared to the consensus revenue estimate of $898.4 million. Braze also updated its Q3 2027 guidance to 0.130-0.140 EPS.

Wall Street Analyst Weigh In

A number of research firms recently commented on BRZE. Mizuho lowered their price objective on shares of Braze from $40.00 to $32.00 and set an “outperform” rating for the company in a research report on Thursday, May 28th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Braze in a research report on Tuesday, July 7th. Piper Sandler reiterated an “overweight” rating and issued a $27.00 price objective on shares of Braze in a research report on Thursday, May 28th. TD Cowen increased their target price on Braze from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, August 27th. Finally, BTIG Research raised their target price on shares of Braze from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Braze currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.59.

Braze Price Performance

Shares of BRZE traded down $1.65 during midday trading on Tuesday, hitting $30.31. The stock had a trading volume of 6,186,471 shares, compared to its average volume of 2,934,892. The company has a 50 day simple moving average of $27.40 and a two-hundred day simple moving average of $23.45. Braze has a twelve month low of $15.26 and a twelve month high of $37.33. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of -27.06 and a beta of 0.88.

Braze (NASDAQ:BRZE) last posted its quarterly earnings data 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 company had revenue of $227.23 million during the quarter, compared to analysts’ expectations of $220.27 million. Braze had a negative return on equity of 17.52% and a negative net margin of 15.51%.Braze has set its FY 2027 guidance at 0.640-0.650 EPS and its Q3 2027 guidance at 0.130-0.140 EPS. Analysts forecast that Braze will post -0.78 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Astha Malik sold 33,656 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $27.65, for a total value of $930,588.40. Following the sale, the insider owned 278,138 shares of the company’s stock, valued at $7,690,515.70. The trade was a 10.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jonathan Hyman sold 42,000 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $32.47, for a total transaction of $1,363,740.00. Following the transaction, the chief technology officer owned 1,143,219 shares of the company’s stock, valued at $37,120,320.93. The trade was a 3.54% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 203,568 shares of company stock valued at $6,096,461 in the last quarter. 12.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Braze

A number of large investors have recently modified their holdings of the business. Battery Management CORP. increased its position in shares of Braze by 70.2% in the third quarter. Battery Management CORP. now owns 2,425,000 shares of the company’s stock valued at $68,967,000 after acquiring an additional 1,000,000 shares during the last quarter. Alliancebernstein L.P. raised its holdings in 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 acquiring an additional 518,103 shares in the last quarter. Alyeska Investment Group L.P. boosted its position in Braze by 592.4% during the fourth quarter. Alyeska Investment Group L.P. now owns 2,105,024 shares of the company’s stock valued at $72,181,000 after purchasing an additional 1,801,019 shares during the last quarter. State Street Corp boosted its position in Braze by 5.0% during the fourth quarter. State Street Corp now owns 2,084,626 shares of the company’s stock valued at $71,482,000 after purchasing an additional 99,563 shares during the last quarter. Finally, Optimus Prime Fund Management Co. Ltd. grew its stake in Braze by 30.5% in the second quarter. Optimus Prime Fund Management Co. Ltd. now owns 1,540,000 shares of the company’s stock valued at $43,274,000 after purchasing an additional 360,000 shares in the last quarter. 90.47% of the stock is currently owned by institutional investors and hedge funds.

About Braze

Braze, Inc is a publicly traded software company (NASDAQ: BRZE) that offers a customer engagement platform designed to help brands build personalized relationships with their users. Founded in 2011 as Appboy by Bill Magnuson, Jon Hyman and Mark Ghermezian, the company adopted the Braze name in 2017 to underscore its focus on fostering strong connections between businesses and consumers. Its cloud-based platform consolidates messaging channels including push notifications, in-app messages, email and SMS, enabling companies to deliver timely, context-driven communications at scale.

The core functionality of Braze’s platform centers on data-driven segmentation, customer journey orchestration and real-time analytics.