Braze (NASDAQ:BRZE) Issues Q3 Earnings Guidance

Braze (NASDAQ:BRZE) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.00-$(0.01) for the period, compared to the consensus 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.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on BRZE shares. JMP Securities reiterated a market outperform rating and issued a $68.00 price target on shares of Braze in a report on Friday. DA Davidson reiterated a buy rating and set a $65.00 target price on shares of Braze in a research report on Friday. Citigroup upped their price target on shares of Braze from $52.00 to $58.00 and gave the stock a buy rating in a report on Friday, June 7th. Oppenheimer reissued an outperform rating and issued a $60.00 price objective on shares of Braze in a research report on Wednesday, June 12th. Finally, Barclays reduced their target price on shares of Braze from $80.00 to $70.00 and set an overweight rating on the stock in a research report on Monday, August 26th. Seventeen investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of Buy and a consensus target price of $60.50.

Braze Trading Down 19.4 %

Shares of NASDAQ BRZE opened at $35.57 on Friday. Braze has a 12-month low of $33.93 and a 12-month high of $61.53. The stock’s fifty day simple moving average is $41.21 and its two-hundred day simple moving average is $42.92. The stock has a market capitalization of $3.61 billion, a PE ratio of -27.79 and a beta of 1.07.

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

Insider Activity at Braze

In other news, CFO Isabelle Winkles sold 4,500 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $43.41, for a total value of $195,345.00. Following the completion of the sale, the chief financial officer now owns 216,208 shares of the company’s stock, valued at approximately $9,385,589.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Myles Kleeger sold 50,000 shares of Braze stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $45.65, for a total value of $2,282,500.00. Following the completion of the sale, the insider now directly owns 199,963 shares in the company, valued at approximately $9,128,310.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Isabelle Winkles sold 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $43.41, for a total transaction of $195,345.00. Following the transaction, the chief financial officer now owns 216,208 shares in the company, valued at approximately $9,385,589.28. The disclosure for this sale can be found here. Insiders sold 187,898 shares of company stock valued at $8,081,257 over the last 90 days. 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.