Braze (NASDAQ:BRZE) Sees Unusually-High Trading Volume – Time to Buy?

Braze, Inc. (NASDAQ:BRZE) saw strong trading volume on Monday . 1,920,196 shares were traded during trading, a decline of 35% from the previous session’s volume of 2,938,358 shares.The stock last traded at $31.6060 and had previously closed at $31.06.

Wall Street Analysts Forecast Growth

BRZE has been the subject of several research analyst reports. Stifel Nicolaus set a $30.00 price target on shares of Braze in a research report on Thursday, May 28th. Mizuho lowered their price objective on Braze from $40.00 to $32.00 and set an “outperform” rating on the stock in a report on Thursday, May 28th. Citigroup cut their price objective on Braze from $49.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, May 29th. Citizens Jmp reissued a “market outperform” rating and set a $35.00 target price on shares of Braze in a report on Thursday, May 28th. Finally, Canaccord Genuity Group decreased their target price on Braze from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $35.06.

Braze Stock Up 1.5%

The stock’s 50-day moving average price is $24.68 and its 200 day moving average price is $22.31. The firm has a market capitalization of $3.55 billion, a price-to-earnings ratio of -28.11 and a beta of 0.83.

Braze (NASDAQ:BRZE) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $0.10 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.10. Braze had a negative net margin of 15.51% and a negative return on equity of 17.52%. The firm had revenue of $211.00 million for the quarter, compared to analyst estimates of $205.19 million. During the same period in the previous year, the business posted $0.07 earnings per share. Braze’s quarterly revenue was up 30.2% on a year-over-year basis. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. On average, sell-side analysts anticipate that Braze, Inc. will post -0.78 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Astha Malik sold 33,656 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $27.65, for a total transaction of $930,588.40. Following the transaction, the insider directly owned 278,138 shares in the company, valued at $7,690,515.70. The trade was a 10.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jonathan Hyman sold 35,000 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $30.03, for a total value of $1,051,050.00. Following the completion of the sale, the chief technology officer owned 1,220,416 shares of the company’s stock, valued at $36,649,092.48. This trade represents a 2.79% decrease in their ownership of the stock. 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 a total of 121,836 shares of company stock worth $3,489,331 over the last three months. Corporate insiders own 12.50% of the company’s stock.

Institutional Trading of Braze

Several large investors have recently added to or reduced their stakes in BRZE. Vanguard Group Inc. increased its position in shares of Braze by 10.0% during the 4th quarter. Vanguard Group Inc. now owns 9,851,050 shares of the company’s stock worth $337,793,000 after purchasing an additional 892,635 shares during the last quarter. Dana Investment Advisors Inc. acquired a new position in Braze in the fourth quarter valued at about $1,980,000. Stephens Investment Management Group LLC lifted its position in Braze by 8.7% in the fourth quarter. Stephens Investment Management Group LLC now owns 1,233,143 shares of the company’s stock valued at $42,284,000 after buying an additional 98,854 shares during the last quarter. Dimensional Fund Advisors LP purchased a new position in Braze during the first quarter worth about $14,294,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Braze by 232,716.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 100,111 shares of the company’s stock valued at $3,433,000 after acquiring an additional 100,068 shares during the last quarter. 90.47% of the stock is currently owned by hedge funds and other institutional investors.

Braze Company Profile

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.