Braze (NASDAQ:BRZE) Releases Q1 Earnings Guidance

Braze (NASDAQ:BRZE) issued an update on its first quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.04-$0.05 for the period, compared to the consensus estimate of $0.03. The company issued revenue guidance of $158.0-$159.0 million, compared to the consensus revenue estimate of $158.44 million. Braze also updated its FY26 guidance to $0.31-$0.35 EPS.

Analysts Set New Price Targets

A number of research firms have recently commented on BRZE. William Blair reissued an “outperform” rating on shares of Braze in a research note on Thursday, December 19th. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price target on shares of Braze in a report on Monday, February 3rd. Oppenheimer reaffirmed an “outperform” rating and issued a $51.00 price objective on shares of Braze in a research note on Tuesday, December 10th. Raymond James cut their price objective on Braze from $48.00 to $45.00 and set an “outperform” rating for the company in a research report on Thursday, March 20th. Finally, Stephens initiated coverage on Braze in a research note on Wednesday, March 19th. They issued an “overweight” rating and a $43.00 price target on the stock. One analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Braze currently has an average rating of “Buy” and an average price target of $52.05.

Braze Trading Down 1.7 %

NASDAQ BRZE traded down $0.63 during trading on Thursday, hitting $36.70. 2,179,451 shares of the company traded hands, compared to its average volume of 1,127,796. The business has a fifty day simple moving average of $39.94 and a 200 day simple moving average of $37.98. Braze has a 12 month low of $29.18 and a 12 month high of $50.84. The company has a market capitalization of $3.80 billion, a P/E ratio of -32.19 and a beta of 1.17.

Insider Activity

In other Braze news, General Counsel Susan Wiseman sold 3,486 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $40.02, for a total transaction of $139,509.72. Following the completion of the sale, the general counsel now directly owns 182,109 shares in the company, valued at $7,288,002.18. This represents a 1.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Myles Kleeger sold 8,365 shares of Braze stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $40.12, for a total value of $335,603.80. Following the completion of the transaction, the insider now owns 168,882 shares in the company, valued at $6,775,545.84. The trade was a 4.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have 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 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.