Braze (BRZE) to Release Earnings on Thursday

Braze (NASDAQ:BRZE) will be posting its quarterly earnings results after the market closes on Thursday, September 5th. Analysts expect Braze to post earnings of ($0.03) per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Braze (NASDAQ:BRZE) last posted its quarterly earnings data on Thursday, June 6th. The company reported ($0.35) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.01. Braze had a negative return on equity of 27.85% and a negative net margin of 25.06%. The firm had revenue of $135.46 million for the quarter, compared to analysts’ expectations of $131.56 million. On average, analysts expect Braze to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Braze Stock Down 3.3 %

BRZE stock opened at $43.30 on Wednesday. Braze has a twelve month low of $33.93 and a twelve month high of $61.53. The stock has a market cap of $4.40 billion, a P/E ratio of -33.83 and a beta of 1.07. The business’s 50-day moving average price is $41.00 and its 200-day moving average price is $43.16.

Insider Buying and Selling at Braze

In other Braze news, CAO Pankaj Malik sold 2,262 shares of the company’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $38.14, for a total value of $86,272.68. Following the transaction, the chief accounting officer now owns 74,361 shares of the company’s stock, valued at approximately $2,836,128.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, General Counsel Susan Wiseman sold 3,558 shares of the company’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $38.41, for a total transaction of $136,662.78. Following the completion of the sale, the general counsel now directly owns 221,840 shares in the company, valued at approximately $8,520,874.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Pankaj Malik sold 2,262 shares of the company’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $38.14, for a total value of $86,272.68. Following the sale, the chief accounting officer now owns 74,361 shares of the company’s stock, valued at $2,836,128.54. The disclosure for this sale can be found here. Insiders have sold 174,845 shares of company stock valued at $7,506,929 in the last quarter. 24.03% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Raymond James lowered their price target on Braze from $65.00 to $55.00 and set an “outperform” rating on the stock in a report on Friday, June 7th. Citigroup boosted their price target on Braze from $52.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, June 7th. TD Cowen lowered their price target on Braze from $65.00 to $52.00 and set a “buy” rating on the stock in a report on Friday, May 31st. Scotiabank raised Braze from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $48.00 to $56.00 in a report on Wednesday, July 10th. Finally, Barclays lowered their price target on Braze from $80.00 to $70.00 and set an “overweight” rating on the stock in a report on Monday, August 26th. 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 an average price target of $60.50.

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.