Braze (NASDAQ:BRZE) Updates Q1 Earnings Guidance

Braze (NASDAQ:BRZE) updated its first quarter earnings guidance on Thursday. The company provided EPS guidance of $0.04-$0.05 for the period, compared to the consensus EPS estimate of $0.03. The company issued revenue guidance of $158.0-$159.0 million, compared to the consensus revenue estimate of $158.44 million. Braze also updated its FY26 guidance to $0.31-$0.35 EPS.

Braze Trading Down 1.7 %

Shares of Braze stock traded down $0.63 during trading on Thursday, hitting $36.70. The stock had a trading volume of 2,149,239 shares, compared to its average volume of 1,127,757. The firm has a market cap of $3.80 billion, a price-to-earnings ratio of -32.19 and a beta of 1.17. The business’s 50-day moving average is $39.94 and its 200 day moving average is $37.98. Braze has a 12 month low of $29.18 and a 12 month high of $50.84.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BRZE. Citigroup raised their target price on shares of Braze from $47.00 to $51.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Needham & Company LLC restated a “buy” rating and set a $50.00 price objective on shares of Braze in a research report on Monday, February 3rd. Macquarie upped their target price on shares of Braze from $30.00 to $39.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 11th. Wells Fargo & Company lowered their price target on Braze from $55.00 to $50.00 and set an “overweight” rating on the stock in a research report on Friday, March 21st. Finally, DA Davidson reiterated a “buy” rating and set a $50.00 price objective on shares of Braze in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $52.05.

Insiders Place Their Bets

In other Braze news, General Counsel Susan Wiseman sold 3,486 shares of Braze stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $40.02, for a total transaction of $139,509.72. Following the completion of the transaction, the general counsel now owns 182,109 shares in the company, valued at approximately $7,288,002.18. The trade was a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Phillip M. Fernandez sold 1,500 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $43.13, for a total transaction of $64,695.00. Following the sale, the director now directly owns 15,269 shares in the company, valued at $658,551.97. This trade represents a 8.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 89,470 shares of company stock worth $3,841,921 over the last three months. Company insiders own 24.03% 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 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.