Braze (NASDAQ:BRZE) Updates Q1 2027 Earnings Guidance

Braze (NASDAQ:BRZE) updated its first quarter 2027 earnings guidance on Thursday. The company provided earnings per share guidance of 0.100-0.110 for the period, compared to the consensus earnings per share estimate of -0.020. The company issued revenue guidance of $204.5 million-$205.5 million, compared to the consensus revenue estimate of $197.4 million. Braze also updated its FY 2027 guidance to 0.610-0.650 EPS.

Analysts Set New Price Targets

Several brokerages have issued reports on BRZE. Mizuho dropped their target price on Braze from $50.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, March 25th. Wells Fargo & Company upped their target price on Braze from $40.00 to $45.00 and gave the company an “overweight” rating in a report on Wednesday, December 10th. Stifel Nicolaus dropped their target price on Braze from $40.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, March 25th. Piper Sandler dropped their target price on Braze from $30.00 to $27.00 and set an “overweight” rating for the company in a report on Wednesday, March 25th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Braze in a report on Monday, December 29th. Twenty-two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Braze presently has an average rating of “Moderate Buy” and an average price target of $36.67.

Braze Stock Performance

Shares of NASDAQ BRZE traded down $1.34 during mid-day trading on Thursday, reaching $20.13. 2,119,498 shares of the company’s stock were exchanged, compared to its average volume of 3,172,718. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of -16.54 and a beta of 0.89. Braze has a 52-week low of $15.26 and a 52-week high of $37.67. The company’s 50-day moving average is $19.58 and its 200-day moving average is $25.96.

Braze (NASDAQ:BRZE) last released its quarterly earnings results on Tuesday, March 24th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). The business had revenue of $205.17 million for the quarter, compared to analysts’ expectations of $198.23 million. Braze had a negative return on equity of 18.75% and a negative net margin of 17.78%.The business’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.12 earnings per share. As a group, equities analysts predict that Braze will post -0.98 earnings per share for the current fiscal year.

Insider Buying and Selling at Braze

In other news, insider Astha Malik sold 14,049 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $16.93, for a total transaction of $237,849.57. Following the completion of the transaction, the insider directly owned 205,289 shares in the company, valued at approximately $3,475,542.77. This represents a 6.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Pankaj Malik sold 2,893 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $16.93, for a total value of $48,978.49. Following the transaction, the chief accounting officer owned 50,679 shares of the company’s stock, valued at approximately $857,995.47. This represents a 5.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 60,676 shares of company stock worth $1,027,661. Insiders own 18.20% of the company’s stock.

Hedge Funds Weigh In On Braze

A number of hedge funds and other institutional investors have recently bought and sold shares of BRZE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Braze by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,224 shares of the company’s stock valued at $1,415,000 after acquiring an additional 1,700 shares during the period. Intech Investment Management LLC boosted its stake in shares of Braze by 18.8% in the 1st quarter. Intech Investment Management LLC now owns 40,281 shares of the company’s stock valued at $1,453,000 after buying an additional 6,379 shares during the period. Prudential Financial Inc. purchased a new position in shares of Braze in the 2nd quarter valued at about $272,000. Russell Investments Group Ltd. raised its position in shares of Braze by 1,353.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 9,619 shares of the company’s stock worth $270,000 after acquiring an additional 8,957 shares in the last quarter. Finally, Amundi grew its stake in shares of Braze by 8.9% in the 2nd quarter. Amundi now owns 32,581 shares of the company’s stock valued at $918,000 after purchasing an additional 2,657 shares during the last quarter. 90.47% of the stock is currently owned by hedge funds and other institutional investors.

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.