$72.50 Million in Sales Expected for Braze, Inc. (NASDAQ:BRZE) This Quarter

Analysts predict that Braze, Inc. (NASDAQ:BRZE – Get Rating) will post $72.50 million in sales for the current quarter, Zacks reports. Five analysts have issued estimates for Braze’s earnings. The lowest sales estimate is $72.20 million and the highest is $72.80 million. The business is scheduled to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Braze will report full-year sales of $339.91 million for the current fiscal year, with estimates ranging from $338.90 million to $341.70 million. For the next fiscal year, analysts expect that the company will report sales of $457.84 million, with estimates ranging from $440.70 million to $465.88 million. Zacks’ sales calculations are an average based on a survey of analysts that follow Braze.

Braze (NASDAQ:BRZE – Get Rating) last posted its quarterly earnings data on Wednesday, March 30th. The company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.01.

A number of analysts have recently issued reports on BRZE shares. The Goldman Sachs Group lowered their target price on shares of Braze from $100.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, March 16th. Raymond James lowered their target price on shares of Braze from $85.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, March 31st. William Blair reissued an “outperform” rating on shares of Braze in a research note on Thursday, March 31st. Piper Sandler lowered their target price on shares of Braze from $85.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday, March 31st. Finally, Canaccord Genuity Group lowered their target price on shares of Braze from $85.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, March 31st. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Braze presently has a consensus rating of “Buy” and an average target price of $71.54.

In other news, Director Douglas A. Pepper bought 175,169 shares of Braze stock in a transaction on Wednesday, April 6th. The stock was acquired at an average cost of $37.37 per share, for a total transaction of $6,546,065.53. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Isabelle Winkles sold 65,000 shares of the business’s stock in a transaction dated Monday, April 4th. The stock was sold at an average price of $41.20, for a total transaction of $2,678,000.00. Following the completion of the transaction, the chief financial officer now owns 20,491 shares of the company’s stock, valued at $844,229.20. The disclosure for this sale can be found here. Insiders acquired 308,867 shares of company stock valued at $11,554,072 over the last quarter.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Malaga Cove Capital LLC acquired a new position in shares of Braze during the first quarter valued at about $309,000. Spark Growth Management Partners II LLC acquired a new position in shares of Braze during the first quarter valued at about $55,888,000. Interwest Venture Management Co. acquired a new position in shares of Braze during the first quarter valued at about $140,758,000. BlackRock Inc. acquired a new position in shares of Braze during the fourth quarter valued at about $396,000. Finally, Weiss Multi Strategy Advisers LLC acquired a new position in shares of Braze during the fourth quarter valued at about $2,083,000. Hedge funds and other institutional investors own 23.64% of the company’s stock.

NASDAQ BRZE opened at $40.19 on Monday. Braze has a 52 week low of $30.76 and a 52 week high of $98.78. The stock’s fifty day moving average price is $40.52.

About Braze (Get Rating)

Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. It offers data ingestion products, such as Braze software development kits that automatically manage data ingestion and the delivery of mobile and web notifications, in-application/in-browser interstitial messages, and content cards, as well as can be integrated into a range of digital interfaces and application development frameworks; REST API that can be used to import or export data or to trigger workflows between Braze and brands' existing technology stacks; and partner cohort syncing, which allow brands to sync user cohorts from partners.

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