Braze (NASDAQ:BRZE – Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 0.060-0.070 for the period, compared to the consensus EPS estimate of -0.070. The company issued revenue guidance of $582.5 million-$585.5 million, compared to the consensus revenue estimate of $579.9 million. Braze also updated its FY25 guidance to $0.06-$0.07 EPS.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on BRZE. Raymond James cut their target price on shares of Braze from $65.00 to $55.00 and set an outperform rating on the stock in a research note on Friday, June 7th. Scotiabank raised shares of Braze from a sector perform rating to a sector outperform rating and boosted their price objective for the company from $48.00 to $56.00 in a research report on Wednesday, July 10th. Citigroup boosted their price objective on shares of Braze from $52.00 to $58.00 and gave the company a buy rating in a research report on Friday, June 7th. Needham & Company LLC reaffirmed a buy rating and set a $70.00 price objective on shares of Braze in a research report on Friday. Finally, JMP Securities reaffirmed a market outperform rating and set a $68.00 price objective on shares of Braze in a research report on Friday, June 7th. Seventeen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of Buy and a consensus target price of $60.50.
Get Our Latest Report on Braze
Braze Stock Down 18.3 %
Braze (NASDAQ:BRZE – Get Free Report) last posted its quarterly earnings data on Thursday, September 5th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.12. The business had revenue of $145.50 million during the quarter, compared to analysts’ expectations of $141.32 million. Braze had a negative net margin of 25.06% and a negative return on equity of 27.85%. The business’s revenue was up 26.4% on a year-over-year basis. During the same period last year, the firm posted ($0.30) earnings per share. On average, sell-side analysts anticipate that Braze will post -1.21 earnings per share for the current year.
Insider Activity
In other 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 value of $379,693.86. Following the completion of the transaction, the insider now directly owns 206,340 shares in the company, valued at $8,536,285.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related 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 $8,536,285.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Isabelle Winkles sold 4,500 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $39.06, for a total transaction of $175,770.00. Following the sale, the chief financial officer now directly owns 242,627 shares of the company’s stock, valued at $9,477,010.62. The disclosure for this sale can be found here. Insiders sold 187,898 shares of company stock worth $8,081,257 over the last three months. Corporate 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.
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