Braze (NASDAQ:BRZE) Posts Earnings Results, Beats Expectations By $0.03 EPS

Braze (NASDAQ:BRZE) announced its quarterly earnings results on Tuesday. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.03, FiscalAI reports. The business had revenue of $227.23 million for the quarter, compared to the consensus estimate of $220.27 million. Braze had a negative return on equity of 17.52% and a negative net margin of 15.51%. Braze updated its FY 2027 guidance to 0.640-0.650 EPS and its Q3 2027 guidance to 0.130-0.140 EPS.

Braze Price Performance

Shares of NASDAQ BRZE traded down $1.65 during mid-day trading on Tuesday, reaching $30.31. 6,186,471 shares of the company traded hands, compared to its average volume of 2,934,892. Braze has a fifty-two week low of $15.26 and a fifty-two week high of $37.33. The firm has a market cap of $3.41 billion, a PE ratio of -27.06 and a beta of 0.88. The stock has a fifty day simple moving average of $27.40 and a 200-day simple moving average of $23.45.

Insiders Place Their Bets

In other news, CTO Jonathan Hyman sold 42,000 shares of Braze stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $32.47, for a total transaction of $1,363,740.00. Following the transaction, the chief technology officer directly owned 1,143,219 shares in the company, valued at approximately $37,120,320.93. This trade represents a 3.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Edward M. Mcdonnell sold 29,732 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $31.38, for a total value of $932,990.16. Following the completion of the sale, the executive directly owned 409,630 shares in the company, valued at $12,854,189.40. This represents a 6.77% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 203,568 shares of company stock worth $6,096,461 over the last ninety days. Company insiders own 12.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd lifted its holdings in Braze by 3,650.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company’s stock valued at $28,000 after acquiring an additional 803 shares during the last quarter. Osaic Holdings Inc. raised its holdings in shares of Braze by 821.1% in the 2nd quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock worth $44,000 after purchasing an additional 1,404 shares in the last quarter. Quarry LP bought a new stake in shares of Braze in the 3rd quarter worth approximately $46,000. Kemnay Advisory Services Inc. acquired a new stake in Braze during the fourth quarter valued at approximately $52,000. Finally, Quantbot Technologies LP bought a new stake in Braze during the third quarter worth approximately $163,000. 90.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Braze in a research report on Tuesday, July 7th. Citizens Jmp restated a “market outperform” rating and issued a $35.00 target price on shares of Braze in a research report on Thursday, May 28th. BTIG Research lifted their price target on Braze from $30.00 to $35.00 and gave the company a “buy” rating in a report on Friday, August 14th. Oppenheimer increased their price objective on Braze from $30.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, August 27th. Finally, Barclays raised their target price on Braze from $31.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Braze currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.59.

About Braze

Braze, Inc is a publicly traded software company (NASDAQ: BRZE) that offers a customer engagement platform designed to help brands build personalized relationships with their users. Founded in 2011 as Appboy by Bill Magnuson, Jon Hyman and Mark Ghermezian, the company adopted the Braze name in 2017 to underscore its focus on fostering strong connections between businesses and consumers. Its cloud-based platform consolidates messaging channels including push notifications, in-app messages, email and SMS, enabling companies to deliver timely, context-driven communications at scale.

The core functionality of Braze’s platform centers on data-driven segmentation, customer journey orchestration and real-time analytics.