Braze (NASDAQ:BRZE) Reaches New 1-Year Low – Here’s Why

Braze, Inc. (NASDAQ:BRZE)’s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $23.26 and last traded at $23.4980, with a volume of 1506509 shares. The stock had previously closed at $25.48.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Citizens Jmp reaffirmed a “market outperform” rating and set a $68.00 target price on shares of Braze in a research note on Wednesday, December 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Braze in a report on Monday, December 29th. Oppenheimer reaffirmed an “outperform” rating and set a $40.00 price objective on shares of Braze in a research report on Wednesday, December 10th. Barclays upped their price objective on shares of Braze from $39.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, December 10th. Finally, Needham & Company LLC reissued a “buy” rating and set a $50.00 target price on shares of Braze in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Braze has an average rating of “Moderate Buy” and an average price target of $46.95.

Braze Stock Down 9.6%

The company has a market capitalization of $2.58 billion, a P/E ratio of -20.94 and a beta of 1.08. The company’s 50-day simple moving average is $30.91 and its 200 day simple moving average is $29.09.

Braze (NASDAQ:BRZE) last released its quarterly earnings results on Tuesday, December 9th. The company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. The business had revenue of $190.84 million for the quarter, compared to the consensus estimate of $198.25 million. Braze had a negative net margin of 16.85% and a negative return on equity of 17.87%. Braze’s revenue for the quarter was up 25.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.02 EPS. Braze has set its FY 2026 guidance at 0.420-0.430 EPS and its Q4 2026 guidance at 0.130-0.140 EPS. As a group, equities research analysts forecast that Braze, Inc. will post -0.98 earnings per share for the current year.

Insider Activity at Braze

In other news, CTO Jonathan Hyman sold 9,789 shares of the company’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $26.64, for a total transaction of $260,778.96. Following the completion of the sale, the chief technology officer owned 195,317 shares in the company, valued at approximately $5,203,244.88. This represents a 4.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Astha Malik sold 14,322 shares of the firm’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 completion of the transaction, the insider directly owned 219,338 shares in the company, valued at $5,843,164.32. The trade was a 6.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 69,923 shares of company stock worth $1,917,418 in the last 90 days. Insiders own 18.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Champlain Investment Partners LLC lifted its position in Braze by 10.8% during the 3rd quarter. Champlain Investment Partners LLC now owns 2,687,928 shares of the company’s stock worth $76,445,000 after acquiring an additional 261,351 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Braze by 6.0% in the third quarter. JPMorgan Chase & Co. now owns 2,455,367 shares of the company’s stock worth $69,831,000 after purchasing an additional 139,133 shares during the period. Battery Management CORP. lifted its position in shares of Braze by 70.2% during the 3rd quarter. Battery Management CORP. now owns 2,425,000 shares of the company’s stock worth $68,967,000 after purchasing an additional 1,000,000 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Braze by 28.8% during the 2nd quarter. Alliancebernstein L.P. now owns 2,320,171 shares of the company’s stock worth $65,197,000 after purchasing an additional 518,103 shares during the last quarter. Finally, Westfield Capital Management Co. LP boosted its stake in Braze by 36.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 2,177,953 shares of the company’s stock valued at $61,941,000 after purchasing an additional 577,649 shares during the period. 90.47% of the stock is currently owned by institutional investors and hedge funds.

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.