Braze (NASDAQ:BRZE) Releases Q3 Earnings Guidance

Braze (NASDAQ:BRZE) updated its third quarter earnings guidance on Thursday. 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

NASDAQ:BRZE opened at $35.57 on Friday. The firm has a market cap of $3.61 billion, a P/E ratio of -27.79 and a beta of 1.07. Braze has a fifty-two week low of $33.93 and a fifty-two week high of $61.53. The firm has a 50-day simple moving average of $41.21 and a two-hundred day simple moving average of $42.92.

Braze (NASDAQ:BRZE) last announced 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. The company had revenue of $145.50 million during the quarter, compared to the consensus estimate of $141.32 million. Braze had a negative net margin of 25.06% and a negative return on equity of 27.85%. The firm’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.30) earnings per share. On average, equities research analysts predict that Braze will post -1.21 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on BRZE shares. JMP Securities reaffirmed a market outperform rating and set a $68.00 price objective on shares of Braze in a research report on Friday. Citigroup lifted their price target on shares of Braze from $52.00 to $58.00 and gave the stock a buy rating in a research note on Friday, June 7th. Oppenheimer restated an outperform rating and set a $60.00 price objective on shares of Braze in a research report on Wednesday, June 12th. Piper Sandler reaffirmed an overweight rating and issued a $51.00 target price on shares of Braze in a research report on Friday. Finally, BTIG Research lowered their price target on Braze from $68.00 to $62.00 and set a buy rating on the stock in a report on Friday, May 31st. Seventeen investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of Buy and an average target price of $60.50.

Insider Transactions at Braze

In other Braze news, insider Myles Kleeger sold 9,178 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $41.37, for a total transaction of $379,693.86. Following the completion of the sale, the insider now directly owns 206,340 shares of the company’s stock, valued at approximately $8,536,285.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO William Magnuson sold 17,840 shares of Braze stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $41.37, for a total value of $738,040.80. Following the sale, the chief executive officer now directly owns 600,749 shares of the company’s stock, valued at $24,852,986.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Myles Kleeger sold 9,178 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $41.37, for a total value of $379,693.86. Following the transaction, the insider now owns 206,340 shares of the company’s stock, valued at $8,536,285.80. The disclosure for this sale can be found here. Insiders sold a total of 187,898 shares of company stock valued at $8,081,257 over the last 90 days. 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.