Braze (NASDAQ:BRZE) Updates FY 2025 Earnings Guidance

Braze (NASDAQ:BRZE) updated its FY 2025 earnings guidance on Wednesday. The company provided EPS guidance of -0.120–0.080 for the period, compared to the consensus EPS estimate of -0.020. The company issued revenue guidance of $570.0 million-$575.0 million, compared to the consensus revenue estimate of $572.2 million. Braze also updated its FY25 guidance to $(0.12)-$(0.08) EPS.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Canaccord Genuity Group boosted their price target on Braze from $55.00 to $70.00 and gave the company a buy rating in a research note on Thursday, December 7th. BTIG Research boosted their price target on Braze from $60.00 to $75.00 and gave the company a buy rating in a research note on Thursday, December 7th. The Goldman Sachs Group boosted their price target on Braze from $55.00 to $63.00 and gave the company a buy rating in a research note on Thursday, December 7th. Needham & Company LLC boosted their price target on Braze from $60.00 to $70.00 and gave the company a buy rating in a research note on Thursday, December 7th. Finally, JPMorgan Chase & Co. boosted their price target on Braze from $52.00 to $57.00 and gave the company an overweight rating in a research note on Wednesday, November 29th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, Braze currently has an average rating of Moderate Buy and an average target price of $63.76.

Braze Stock Up 2.3 %

Shares of Braze stock traded up $1.16 during trading on Wednesday, hitting $50.58. 1,549,469 shares of the stock traded hands, compared to its average volume of 725,473. The firm’s fifty day moving average is $55.12 and its 200-day moving average is $51.25. Braze has a 52 week low of $25.76 and a 52 week high of $61.53. The stock has a market cap of $5.05 billion, a price-to-earnings ratio of -36.02 and a beta of 1.21.

Insider Buying and Selling

In related news, Director Phillip M. Fernandez sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $51.32, for a total transaction of $76,980.00. Following the transaction, the director now directly owns 11,056 shares in the company, valued at approximately $567,393.92. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Phillip M. Fernandez sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $51.32, for a total transaction of $76,980.00. Following the transaction, the director now directly owns 11,056 shares in the company, valued at approximately $567,393.92. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CTO Jonathan Hyman sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $54.51, for a total value of $817,650.00. Following the transaction, the chief technology officer now owns 129,830 shares in the company, valued at $7,077,033.30. The disclosure for this sale can be found here. Insiders have sold a total of 90,471 shares of company stock worth $5,013,803 in the last ninety days. 26.48% of the stock is owned by insiders.

Institutional Investors Weigh In On Braze

Several institutional investors and hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its holdings in Braze by 45.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,127,398 shares of the company’s stock worth $59,900,000 after buying an additional 352,090 shares during the period. GSA Capital Partners LLP lifted its holdings in Braze by 86.4% in the 4th quarter. GSA Capital Partners LLP now owns 21,817 shares of the company’s stock worth $1,159,000 after buying an additional 10,113 shares during the period. Blue Owl Capital Holdings LP purchased a new stake in Braze in the 4th quarter worth approximately $942,000. Legal & General Group Plc lifted its holdings in Braze by 4.1% in the 4th quarter. Legal & General Group Plc now owns 43,394 shares of the company’s stock worth $2,306,000 after buying an additional 1,712 shares during the period. Finally, Barclays PLC lifted its holdings in Braze by 384.3% in the 4th quarter. Barclays PLC now owns 81,273 shares of the company’s stock worth $4,318,000 after buying an additional 64,492 shares during the period. Hedge funds and other institutional investors own 90.47% 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 data ingestion products, such as 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 cohort syncing, which allow brands to sync user cohorts from partners; and Braze Cloud Data Ingestion that enables brands to harness their customer data.