Braze (NASDAQ:BRZE) Issues Q2 Earnings Guidance

Braze (NASDAQ:BRZEGet Free Report) issued an update on its second quarter earnings guidance on Thursday morning. The company provided EPS guidance of ($0.04)-$(0.03) for the period, compared to the consensus EPS estimate of ($0.04). The company issued revenue guidance of $140.5-141.5 million, compared to the consensus revenue estimate of $139.76 million. Braze also updated its FY 2025 guidance to -0.100–0.060 EPS.

Analysts Set New Price Targets

BRZE has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Braze from $60.00 to $58.00 and set an overweight rating on the stock in a research note on Thursday, March 28th. TD Cowen dropped their target price on Braze from $65.00 to $52.00 and set a buy rating for the company in a report on Friday, May 31st. Needham & Company LLC reaffirmed a buy rating and issued a $70.00 price target on shares of Braze in a research note on Friday. JMP Securities restated a market outperform rating and issued a $68.00 target price on shares of Braze in a research note on Friday. Finally, Scotiabank dropped their target price on shares of Braze from $58.00 to $48.00 and set a sector perform rating for the company in a research report on Monday, June 3rd. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $59.94.

View Our Latest Stock Report on BRZE

Braze Trading Down 0.4 %

Shares of NASDAQ:BRZE opened at $36.65 on Friday. The company has a 50 day moving average of $41.00 and a 200-day moving average of $49.45. Braze has a one year low of $33.59 and a one year high of $61.53.

Braze (NASDAQ:BRZEGet Free Report) last released its earnings results on Thursday, June 6th. The company reported ($0.35) EPS for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.01. The firm had revenue of $135.46 million during the quarter, compared to analyst estimates of $131.56 million. Braze had a negative net margin of 25.06% and a negative return on equity of 27.77%. Research analysts forecast that Braze will post -1.18 EPS for the current fiscal year.

Insider Buying and Selling at Braze

In other news, Director Phillip M. Fernandez sold 1,500 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $51.32, for a total transaction of $76,980.00. Following the completion of the transaction, the director now directly owns 11,056 shares in the company, valued at approximately $567,393.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Phillip M. Fernandez sold 1,500 shares of Braze stock in a transaction on Friday, March 15th. The shares were sold at an average price of $51.32, for a total transaction of $76,980.00. Following the transaction, the director now directly owns 11,056 shares of the company’s stock, valued at $567,393.92. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Pankaj Malik sold 2,746 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $41.76, for a total transaction of $114,672.96. Following the completion of the sale, the chief accounting officer now owns 79,253 shares of the company’s stock, valued at approximately $3,309,605.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 79,114 shares of company stock valued at $3,344,997. 24.03% of the stock is currently owned by company insiders.

About Braze

(Get Free Report)

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.

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