Braze (NASDAQ:BRZE) Updates Q3 Earnings Guidance

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

Braze Price Performance

NASDAQ:BRZE traded down $6.31 during mid-day trading on Friday, reaching $37.82. The stock had a trading volume of 607,278 shares, compared to its average volume of 928,946. The stock has a market cap of $3.84 billion, a P/E ratio of -29.53 and a beta of 1.07. The business’s 50 day moving average is $41.27 and its 200 day moving average is $43.17. Braze has a fifty-two week low of $33.93 and a fifty-two week high of $61.53.

Braze (NASDAQ:BRZE) last announced its quarterly earnings results on Thursday, September 5th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.12. The company had revenue of $145.50 million during the quarter, compared to analysts’ expectations of $141.32 million. Braze had a negative return on equity of 27.85% and a negative net margin of 25.06%. The business’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. Equities analysts expect that Braze will post -1.21 EPS for the current year.

Analyst Ratings Changes

BRZE has been the subject of several research reports. Barclays reduced their target price on Braze from $80.00 to $70.00 and set an overweight rating for the company in a research report on Monday, August 26th. BTIG Research decreased their target price on shares of Braze from $68.00 to $62.00 and set a buy rating on the stock in a research report on Friday, May 31st. Piper Sandler reissued an overweight rating and issued a $51.00 price target on shares of Braze in a research report on Friday. JMP Securities reaffirmed a market outperform rating and set a $68.00 price objective on shares of Braze in a report on Friday, June 7th. Finally, Scotiabank upgraded Braze from a sector perform rating to a sector outperform rating and upped their price objective for the company from $48.00 to $56.00 in a research note on Wednesday, July 10th. Seventeen research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of Buy and a consensus price target of $60.50.

Insider Activity

In other Braze news, CFO Isabelle Winkles sold 4,500 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $39.06, for a total value of $175,770.00. Following the sale, the chief financial officer now directly owns 242,627 shares in the company, valued at $9,477,010.62. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Isabelle Winkles sold 4,500 shares of Braze stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $39.06, for a total transaction of $175,770.00. Following the transaction, the chief financial officer now owns 242,627 shares in the company, valued at approximately $9,477,010.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Susan Wiseman sold 8,553 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $44.31, for a total value of $378,983.43. Following the sale, the general counsel now directly owns 206,930 shares of the company’s stock, valued at $9,169,068.30. The disclosure for this sale can be found here. Insiders sold a total of 187,898 shares of company stock valued at $8,081,257 in the last ninety days. 24.03% of the stock is owned by insiders.

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.