Braze (NASDAQ:BRZE) Issues FY25 Earnings Guidance

Braze (NASDAQ:BRZE) updated its FY25 earnings guidance on Wednesday. The company provided EPS guidance of $(0.12)-$(0.08) for the period, compared to the consensus EPS estimate of ($0.02). The company issued revenue guidance of $570-575 million, compared to the consensus revenue estimate of $571.51 million. Braze also updated its FY 2025 guidance to -0.120–0.080 EPS.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BRZE. Scotiabank cut their target price on Braze from $65.00 to $58.00 and set a sector perform rating on the stock in a research note on Thursday. Oppenheimer reissued an outperform rating and issued a $75.00 target price on shares of Braze in a research note on Thursday. Needham & Company LLC reissued a buy rating and issued a $70.00 target price on shares of Braze in a research note on Thursday. TD Cowen cut their target price on Braze from $68.00 to $65.00 and set a buy rating on the stock in a research note on Thursday. Finally, Barclays raised their price target on Braze from $65.00 to $80.00 and gave the stock an overweight rating in a research report on Thursday, December 7th. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $64.29.

Braze Stock Down 12.4 %

NASDAQ:BRZE opened at $44.30 on Friday. Braze has a twelve month low of $25.76 and a twelve month high of $61.53. The stock’s 50 day moving average price is $54.88 and its two-hundred day moving average price is $51.19. The firm has a market capitalization of $4.42 billion, a price-to-earnings ratio of -31.87 and a beta of 1.21.

Insider Activity at Braze

In related news, insider Myles Kleeger sold 15,000 shares of the company’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $49.78, for a total transaction of $746,700.00. Following the sale, the insider now owns 171,709 shares in the company, valued at approximately $8,547,674.02. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Myles Kleeger sold 15,000 shares of the company’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $49.78, for a total transaction of $746,700.00. Following the sale, the insider now owns 171,709 shares in the company, valued at approximately $8,547,674.02. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Pankaj Malik sold 1,000 shares of the company’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $53.73, for a total value of $53,730.00. Following the sale, the chief accounting officer now owns 77,853 shares in the company, valued at approximately $4,183,041.69. The disclosure for this sale can be found here. Insiders have sold a total of 75,471 shares of company stock worth $4,196,153 in the last 90 days. Corporate insiders own 26.48% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in shares of Braze by 189.3% in the third quarter. Royal Bank of Canada now owns 1,160 shares of the company’s stock valued at $40,000 after purchasing an additional 759 shares in the last quarter. Comerica Bank lifted its holdings in shares of Braze by 377.2% in the fourth quarter. Comerica Bank now owns 940 shares of the company’s stock valued at $50,000 after purchasing an additional 743 shares in the last quarter. KBC Group NV bought a new position in shares of Braze in the fourth quarter valued at approximately $56,000. Advisors Asset Management Inc. lifted its holdings in shares of Braze by 70.0% in the third quarter. Advisors Asset Management Inc. now owns 1,406 shares of the company’s stock valued at $66,000 after purchasing an additional 579 shares in the last quarter. Finally, State of Wyoming bought a new position in shares of Braze in the second quarter valued at approximately $73,000. Institutional investors own 90.47% 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 data ingestion products, such as 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 cohort syncing, which allow brands to sync user cohorts from partners; and Braze Cloud Data Ingestion that enables brands to harness their customer data.