Braze (BRZE) Expected to Announce Earnings on Thursday

Braze (NASDAQ:BRZE) is projected to post its quarterly earnings results after the market closes on Thursday, March 27th. Analysts expect Braze to post earnings of $0.05 per share and revenue of $155.72 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Braze Stock Performance

NASDAQ:BRZE opened at $39.14 on Wednesday. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of -34.33 and a beta of 1.17. Braze has a one year low of $29.18 and a one year high of $51.20. The firm’s fifty day moving average is $40.07 and its two-hundred day moving average is $37.99.

Insiders Place Their Bets

In related news, General Counsel Susan Wiseman sold 3,486 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $40.02, for a total value of $139,509.72. Following the sale, the general counsel now owns 182,109 shares in the company, valued at approximately $7,288,002.18. The trade was a 1.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Pankaj Malik sold 3,700 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $45.77, for a total value of $169,349.00. Following the transaction, the chief accounting officer now directly owns 54,784 shares in the company, valued at approximately $2,507,463.68. The trade was a 6.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 89,470 shares of company stock valued at $3,841,921 over the last 90 days. 24.03% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BRZE. DA Davidson reduced their price objective on shares of Braze from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, December 10th. Citigroup raised their price objective on Braze from $47.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Raymond James dropped their target price on shares of Braze from $48.00 to $45.00 and set an “outperform” rating for the company in a report on Thursday, March 20th. Stephens began coverage on shares of Braze in a research note on Wednesday, March 19th. They issued an “overweight” rating and a $43.00 price target on the stock. Finally, Wells Fargo & Company lowered their price target on shares of Braze from $55.00 to $50.00 and set an “overweight” rating on the stock in a research report on Friday, March 21st. One investment analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Braze has an average rating of “Buy” and a consensus target price of $52.45.

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.