Braze (NASDAQ:BRZE) Releases Q3 Earnings Guidance

Braze (NASDAQ:BRZE) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.00-$(0.01) for the period, compared to the consensus earnings per share estimate of ($0.02). The company issued revenue guidance of $147.5-$148.5 million, compared to the consensus revenue estimate of $148.02 million. Braze also updated its FY 2025 guidance to 0.060-0.070 EPS.

Braze Stock Performance

Shares of NASDAQ BRZE opened at $35.57 on Friday. The company has a 50 day simple moving average of $41.21 and a two-hundred day simple moving average of $43.01. Braze has a fifty-two week low of $33.93 and a fifty-two week high of $61.53. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of -27.79 and a beta of 1.07.

Braze (NASDAQ:BRZE) last issued its quarterly earnings results on Thursday, September 5th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.12. Braze had a negative return on equity of 27.85% and a negative net margin of 25.06%. The firm had revenue of $145.50 million during the quarter, compared to the consensus estimate of $141.32 million. During the same period last year, the company earned ($0.30) earnings per share. The company’s revenue was up 26.4% on a year-over-year basis. On average, analysts forecast that Braze will post -1.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. JMP Securities reissued a market outperform rating and set a $68.00 price target on shares of Braze in a research report on Friday. Citigroup boosted their price target on Braze from $52.00 to $58.00 and gave the stock a buy rating in a research note on Friday, June 7th. Canaccord Genuity Group increased their price objective on Braze from $50.00 to $53.00 and gave the company a buy rating in a research report on Friday, June 7th. Oppenheimer reissued an outperform rating and issued a $60.00 target price on shares of Braze in a research report on Wednesday, June 12th. Finally, TD Cowen dropped their price target on shares of Braze from $65.00 to $52.00 and set a buy rating on the stock in a report on Friday, May 31st. Seventeen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of Buy and an average price target of $60.50.

Insider Buying and Selling

In other news, CAO Pankaj Malik sold 2,618 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $35.23, for a total value of $92,232.14. Following the completion of the transaction, the chief accounting officer now owns 76,623 shares of the company’s stock, valued at $2,699,428.29. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CAO Pankaj Malik sold 2,618 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $35.23, for a total transaction of $92,232.14. Following the completion of the transaction, the chief accounting officer now owns 76,623 shares in the company, valued at $2,699,428.29. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO William Magnuson sold 17,840 shares of Braze stock in a transaction on Friday, August 16th. The shares were sold at an average price of $41.37, for a total transaction of $738,040.80. Following the completion of the sale, the chief executive officer now owns 600,749 shares in the company, valued at $24,852,986.13. The disclosure for this sale can be found here. In the last quarter, insiders sold 187,898 shares of company stock valued at $8,081,257. Company insiders own 24.03% of the company’s stock.

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.