Braze (NASDAQ:BRZE) Issues Q4 Earnings Guidance

Braze (NASDAQ:BRZE) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided EPS guidance of $0.05-0.06 for the period, compared to the consensus EPS estimate of $0.04. The company issued revenue guidance of $155-156 million, compared to the consensus revenue estimate of $155.23 million. Braze also updated its FY 2025 guidance to 0.100-0.110 EPS.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BRZE. Needham & Company LLC reissued a “buy” rating and set a $70.00 target price on shares of Braze in a research report on Tuesday, September 24th. Loop Capital reissued a “buy” rating and issued a $75.00 price objective on shares of Braze in a research note on Tuesday, September 24th. Macquarie assumed coverage on Braze in a research report on Thursday, October 31st. They set a “neutral” rating and a $30.00 target price on the stock. DA Davidson lowered their price target on Braze from $65.00 to $55.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Finally, Wells Fargo & Company dropped their price objective on Braze from $65.00 to $55.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $53.95.

Braze Stock Performance

BRZE stock opened at $41.80 on Tuesday. The stock has a fifty day moving average of $34.29 and a 200-day moving average of $37.25. Braze has a fifty-two week low of $29.18 and a fifty-two week high of $61.53. The company has a market capitalization of $4.29 billion, a price-to-earnings ratio of -35.42 and a beta of 1.15.

Insiders Place Their Bets

In related news, insider Myles Kleeger sold 9,225 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $34.45, for a total transaction of $317,801.25. Following the sale, the insider now directly owns 190,738 shares in the company, valued at approximately $6,570,924.10. The trade was a 4.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Roger H. Lee sold 56,830 shares of the firm’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $30.27, for a total value of $1,720,244.10. Following the completion of the transaction, the insider now owns 56,830 shares of the company’s stock, valued at approximately $1,720,244.10. This represents a 50.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 113,979 shares of company stock worth $3,688,914 over the last quarter. 24.03% of the stock is currently owned by company insiders.

About Braze

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.