Braze (NASDAQ:BRZE) Hits New 1-Year High – Should You Buy?

Braze, Inc. (NASDAQ:BRZE) hit a new 52-week high during trading on Wednesday. The company traded as high as $45.99 and last traded at $45.9040, with a volume of 676,290 shares traded. The stock had previously closed at $45.79.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on BRZE shares. Piper Sandler cut shares of Braze from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $30.00 to $47.50 in a research report on Tuesday, October 20th. TD Cowen lowered shares of Braze from a “buy” rating to a “hold” rating and increased their price target for the stock from $36.00 to $47.50 in a research report on Tuesday, October 20th. BTIG Research cut shares of Braze from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 20th. Citigroup downgraded shares of Braze from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $48.00 to $47.50 in a research report on Wednesday, October 21st. Finally, JPMorgan Chase & Co. cut their target price on Braze from $35.00 to $34.00 and set an “overweight” rating for the company in a research note on Wednesday, September 9th. Five research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $43.95.

Braze Stock Down 0.1%

The firm’s fifty day moving average price is $32.39 and its 200-day moving average price is $25.04. The company has a market capitalization of $5.20 billion, a price-to-earnings ratio of -44.47 and a beta of 0.77. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.27 and a quick ratio of 1.27.

Braze (NASDAQ:BRZE) last released its quarterly earnings data on Tuesday, September 8th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.03. The company had revenue of $227.23 million for the quarter, compared to the consensus estimate of $220.27 million. Braze had a negative return on equity of 16.11% and a negative net margin of 13.55%. Braze’s revenue for the quarter was up 26.2% on a year-over-year basis. During the same quarter last year, the business posted $0.15 EPS. Braze has set its FY 2027 guidance at 0.640-0.650 EPS and its Q3 2027 guidance at 0.130-0.140 EPS. Sell-side analysts expect that Braze, Inc. will post -0.70 earnings per share for the current fiscal year.

Insider Transactions at Braze

In related news, CRO Edward Mcdonnell sold 29,732 shares of Braze stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $31.38, for a total transaction of $932,990.16. Following the sale, the executive directly owned 409,630 shares in the company, valued at $12,854,189.40. This trade represents a 6.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Astha Malik sold 15,724 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $29.57, for a total transaction of $464,958.68. Following the sale, the insider directly owned 326,233 shares in the company, valued at $9,646,709.81. The trade was a 4.60% 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. Over the last three months, insiders have sold 500,673 shares of company stock worth $19,747,409. Insiders own 12.50% of the company’s stock.

Institutional Investors Weigh In On Braze

Several institutional investors and hedge funds have recently made changes to their positions in the business. Commonwealth Equity Services LLC grew its position in shares of Braze by 12.6% in the third quarter. Commonwealth Equity Services LLC now owns 16,231 shares of the company’s stock valued at $407,000 after purchasing an additional 1,816 shares in the last quarter. Vise Technologies Inc. purchased a new stake in Braze during the 3rd quarter worth about $210,000. State of Wyoming boosted its stake in Braze by 103.5% in the 3rd quarter. State of Wyoming now owns 6,037 shares of the company’s stock worth $152,000 after purchasing an additional 3,070 shares during the period. Sterling Capital Management LLC boosted its stake in Braze by 840.2% in the 3rd quarter. Sterling Capital Management LLC now owns 3,159 shares of the company’s stock worth $79,000 after purchasing an additional 2,823 shares during the period. Finally, Capstone Capital Management Ltd boosted its stake in Braze by 306.7% in the 3rd quarter. Capstone Capital Management Ltd now owns 47,986 shares of the company’s stock worth $1,204,000 after purchasing an additional 36,186 shares during the period. Institutional investors own 90.47% of the company’s stock.

Braze Company Profile

Braze, Inc is a customer engagement software company that provides a platform for businesses to build, manage and measure personalized interactions with consumers. Its technology is designed to help brands communicate with customers across digital channels, including mobile applications, websites, email, SMS and messaging services.

The Braze platform supports customer data collection and segmentation, campaign creation, journey orchestration, experimentation and engagement analytics. Its capabilities include in-app and web messaging, push notifications, email marketing, content personalization and automated lifecycle campaigns.