Braze, Inc. (NASDAQ:BRZE) Short Interest Update

Braze, Inc. (NASDAQ:BRZE) was the recipient of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 8,005,876 shares, a growth of 40.0% from the January 15th total of 5,717,812 shares. Based on an average trading volume of 3,154,850 shares, the days-to-cover ratio is presently 2.5 days. Currently, 8.7% of the company’s shares are short sold. Currently, 8.7% of the company’s shares are short sold. Based on an average trading volume of 3,154,850 shares, the days-to-cover ratio is presently 2.5 days.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BRZE. BTIG Research assumed coverage on shares of Braze in a research note on Tuesday, December 16th. They issued a “buy” rating and a $45.00 target price on the stock. Mizuho increased their price target on Braze from $45.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday, December 10th. DA Davidson boosted their price objective on Braze from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Piper Sandler decreased their target price on Braze from $50.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, February 2nd. Finally, Oppenheimer reiterated an “outperform” rating and issued a $40.00 target price on shares of Braze in a research note on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.43.

Braze Price Performance

BRZE stock opened at $17.60 on Tuesday. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of -16.00 and a beta of 1.07. Braze has a 1-year low of $16.25 and a 1-year high of $43.89. The firm has a fifty day moving average price of $27.76 and a two-hundred day moving average price of $28.01.

Braze (NASDAQ:BRZE) last posted its quarterly earnings results on Tuesday, December 9th. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. Braze had a negative net margin of 16.85% and a negative return on equity of 17.87%. The business had revenue of $190.84 million during the quarter, compared to analyst estimates of $198.25 million. During the same period in the previous year, the business posted $0.02 EPS. The company’s quarterly revenue was up 25.5% on a year-over-year basis. 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, analysts expect that Braze will post -0.98 EPS for the current fiscal year.

Insider Transactions at Braze

In related news, General Counsel Susan Wiseman sold 4,456 shares of the stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $27.57, for a total transaction of $122,851.92. Following the completion of the sale, the general counsel owned 219,794 shares of the company’s stock, valued at approximately $6,059,720.58. This represents a 1.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Pankaj Malik sold 5,540 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $35.76, for a total transaction of $198,110.40. Following the completion of the transaction, the chief accounting officer owned 53,572 shares in the company, valued at $1,915,734.72. The trade was a 9.37% decrease in their position. The disclosure for this sale is available in the SEC filing. 18.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Braze

Several large investors have recently added to or reduced their stakes in BRZE. JPMorgan Chase & Co. increased its position in shares of Braze by 2.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,316,234 shares of the company’s stock valued at $65,086,000 after purchasing an additional 64,025 shares during the period. Citizens Financial Group Inc. RI bought a new position in Braze during the second quarter valued at about $736,000. Versor Investments LP bought a new position in Braze during the second quarter valued at about $638,000. AlphaQuest LLC grew its holdings in Braze by 250.6% during the second quarter. AlphaQuest LLC now owns 17,899 shares of the company’s stock worth $503,000 after acquiring an additional 12,794 shares during the period. Finally, Geode Capital Management LLC raised its position in Braze by 10.9% in the second quarter. Geode Capital Management LLC now owns 1,797,546 shares of the company’s stock worth $50,517,000 after acquiring an additional 177,391 shares in the last quarter. 90.47% of the stock is owned by institutional investors and hedge funds.

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.