Braze (NASDAQ:BRZE) Issues Q1 Earnings Guidance

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

Braze Stock Performance

NASDAQ:BRZE traded down $0.63 during mid-day trading on Thursday, hitting $36.70. The company had a trading volume of 2,179,451 shares, compared to its average volume of 1,127,796. The firm has a market cap of $3.80 billion, a P/E ratio of -32.19 and a beta of 1.17. Braze has a fifty-two week low of $29.18 and a fifty-two week high of $50.84. The business’s fifty day moving average is $39.94 and its two-hundred day moving average is $37.98.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BRZE shares. Macquarie boosted their price objective on Braze from $30.00 to $39.00 and gave the company a “neutral” rating in a research report on Wednesday, December 11th. Stifel Nicolaus upped their price target on shares of Braze from $37.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. DA Davidson restated a “buy” rating and set a $50.00 price objective on shares of Braze in a report on Wednesday. Raymond James reduced their target price on shares of Braze from $48.00 to $45.00 and set an “outperform” rating for the company in a research note on Thursday, March 20th. Finally, Stephens assumed 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 research analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Braze has a consensus rating of “Buy” and an average price target of $52.05.

Insider Activity at Braze

In related news, insider Myles Kleeger sold 10,000 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $45.43, for a total value of $454,300.00. Following the transaction, the insider now directly owns 184,396 shares in the company, valued at approximately $8,377,110.28. This represents a 5.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Pankaj Malik sold 3,700 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $45.77, for a total transaction of $169,349.00. Following the transaction, the chief accounting officer now directly owns 54,784 shares in the company, valued at $2,507,463.68. This represents a 6.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 89,470 shares of company stock worth $3,841,921. Insiders own 24.03% of the company’s stock.

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.