Braze (NASDAQ:BRZE) Reaches New 12-Month High – Here’s Why

Braze, Inc. (NASDAQ:BRZE) hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $46.34 and last traded at $46.2650, with a volume of 280,128 shares. The stock had previously closed at $46.24.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Raymond James Financial cut shares of Braze from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 21st. Oppenheimer lowered shares of Braze from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 20th. Cantor Fitzgerald cut Braze from an “overweight” rating to a “hold” rating and set a $47.50 price objective on the stock. in a research report on Tuesday, October 20th. DA Davidson downgraded Braze from a “buy” rating to a “hold” rating and increased their target price for the company from $40.00 to $47.50 in a research note on Wednesday, October 21st. Finally, Mizuho set a $47.50 target price on Braze in a research note on Wednesday, October 21st. Five investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $43.95.

Braze Stock Performance

The company has a market cap of $5.27 billion, a P/E ratio of -45.02 and a beta of 0.77. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.02. The business has a fifty day simple moving average of $33.10 and a two-hundred day simple moving average of $25.36.

Braze (NASDAQ:BRZE) last announced its earnings results on Tuesday, September 8th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. Braze had a negative net margin of 13.55% and a negative return on equity of 16.11%. The business 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 company earned $0.15 earnings per share. The firm’s revenue was up 26.2% on a year-over-year basis. 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, sell-side analysts anticipate that Braze, Inc. will post -0.70 EPS for the current year.

Insider Activity at Braze

In other Braze news, insider Astha Malik sold 15,724 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $29.57, for a total transaction of $464,958.68. Following the completion of the sale, the insider directly owned 326,233 shares of the company’s stock, valued at $9,646,709.81. This trade represents a 4.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jonathan Hyman sold 20,000 shares of Braze stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $45.76, for a total transaction of $915,200.00. Following the completion of the sale, the chief technology officer owned 828,219 shares in the company, valued at approximately $37,899,301.44. This represents a 2.36% 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. In the last 90 days, insiders have sold 456,869 shares of company stock valued at $18,540,085. 12.50% of the stock is owned by company insiders.

Institutional Trading of Braze

Hedge funds have recently modified their holdings of the company. Focus Advisor Solutions LLC bought a new stake in Braze in the third quarter worth $211,000. Stephens Investment Management Group LLC lifted its position in Braze by 0.4% during the third quarter. Stephens Investment Management Group LLC now owns 1,525,716 shares of the company’s stock valued at $38,295,000 after purchasing an additional 5,475 shares during the last quarter. Public Sector Pension Investment Board bought a new position in Braze during the third quarter valued at $921,000. Virtus Advisers LLC grew its stake in shares of Braze by 25.0% in the 3rd quarter. Virtus Advisers LLC now owns 13,206 shares of the company’s stock worth $331,000 after buying an additional 2,645 shares in the last quarter. Finally, Diversified Trust Co grew its stake in shares of Braze by 33.9% in the 3rd quarter. Diversified Trust Co now owns 28,118 shares of the company’s stock worth $706,000 after buying an additional 7,123 shares in the last quarter. 90.47% of the stock is owned by hedge funds and other institutional investors.

About Braze

Braze, Inc. provides a cloud-based customer engagement platform that helps businesses communicate with customers through personalized, interactive experiences. Its software enables companies to use customer data to create and manage campaigns across channels such as email, mobile push notifications, in-app messages, web messaging and SMS. The Braze platform includes tools for audience segmentation, campaign and customer-journey orchestration, personalization and performance analysis. Businesses use these capabilities to coordinate communications and adapt them based on customer behavior and preferences.