Braze (NASDAQ:BRZE) Shares Gap Up on Analyst Upgrade

Braze, Inc. (NASDAQ:BRZE) shares gapped up before the market opened on Wednesday after DA Davidson raised their price target on the stock from $40.00 to $42.00. The stock had previously closed at $30.65, but opened at $35.19. DA Davidson currently has a buy rating on the stock. Braze shares last traded at $35.5250, with a volume of 3,111,746 shares traded.

BRZE has been the subject of a number of other reports. JMP Securities reiterated a “market outperform” rating and issued a $68.00 target price on shares of Braze in a research report on Friday, September 5th. Needham & Company LLC reaffirmed a “buy” rating on shares of Braze in a research note on Wednesday. William Blair reissued an “outperform” rating on shares of Braze in a research note on Wednesday, October 1st. Oppenheimer restated an “outperform” rating and set a $40.00 target price on shares of Braze in a report on Wednesday. Finally, Barclays upped their price target on Braze from $39.00 to $45.00 and gave the company an “overweight” rating in a research report on Wednesday. Twenty-one research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $47.05.

Insider Activity at Braze

In other news, insider Astha Malik sold 14,322 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $26.64, for a total value of $381,538.08. Following the transaction, the insider directly owned 219,338 shares in the company, valued at approximately $5,843,164.32. This represents a 6.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Pankaj Malik sold 3,644 shares of the stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $26.64, for a total transaction of $97,076.16. Following the transaction, the chief accounting officer directly owned 59,112 shares of the company’s stock, valued at $1,574,743.68. The trade was a 5.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 68,557 shares of company stock valued at $1,856,089 over the last 90 days. Corporate insiders own 18.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Braze in the first quarter valued at $50,988,000. Barclays PLC boosted its holdings in Braze by 443.0% during the 3rd quarter. Barclays PLC now owns 1,404,395 shares of the company’s stock valued at $39,941,000 after acquiring an additional 1,145,748 shares during the period. UBS Group AG boosted its holdings in Braze by 421.1% during the 3rd quarter. UBS Group AG now owns 1,279,678 shares of the company’s stock valued at $36,394,000 after acquiring an additional 1,034,087 shares during the period. Battery Management CORP. grew its position in Braze by 70.2% in the 3rd quarter. Battery Management CORP. now owns 2,425,000 shares of the company’s stock valued at $68,967,000 after acquiring an additional 1,000,000 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in Braze during the first quarter worth about $35,393,000. 90.47% of the stock is currently owned by institutional investors and hedge funds.

Braze Stock Up 18.1%

The company’s 50-day moving average price is $28.15 and its 200-day moving average price is $28.68. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of -32.90 and a beta of 1.10.

Braze (NASDAQ:BRZE) last announced its quarterly earnings data on Tuesday, December 9th. The company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. Braze had a negative net margin of 16.85% and a negative return on equity of 18.61%. The firm had revenue of $190.84 million during the quarter, compared to analysts’ expectations of $198.25 million. During the same quarter in the previous year, the business posted $0.02 earnings per share. The business’s quarterly revenue was up 25.5% compared to the same quarter last year. Braze has set its FY 2026 guidance at 0.420-0.430 EPS and its Q4 2026 guidance at 0.130-0.140 EPS. On average, sell-side analysts predict that Braze, Inc. will post -0.98 earnings per share for the current fiscal year.

Braze Company Profile

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.