Braze (NASDAQ:BRZE) Issues FY25 Earnings Guidance

Braze (NASDAQ:BRZE) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.06-$0.07 for the period, compared to the consensus estimate of ($0.07). The company issued revenue guidance of $582.5-$585.5 million, compared to the consensus revenue estimate of $579.96 million. Braze also updated its Q3 guidance to $0.00-$(0.01) EPS.

Braze Trading Up 2.2 %

Braze stock traded up $0.95 during midday trading on Thursday, reaching $44.13. 1,794,094 shares of the stock traded hands, compared to its average volume of 930,448. The firm has a market cap of $4.48 billion, a PE ratio of -34.48 and a beta of 1.07. The company has a 50-day simple moving average of $41.15 and a two-hundred day simple moving average of $43.16. Braze has a 12-month low of $33.93 and a 12-month high of $61.53.

Braze (NASDAQ:BRZE) last posted its quarterly earnings data on Thursday, June 6th. The company reported ($0.35) EPS for the quarter, beating the consensus estimate of ($0.36) by $0.01. Braze had a negative net margin of 25.06% and a negative return on equity of 27.85%. The business had revenue of $135.46 million during the quarter, compared to analyst estimates of $131.56 million. Equities research analysts anticipate that Braze will post -1.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

BRZE has been the topic of a number of recent research reports. Barclays cut their price objective on Braze from $80.00 to $70.00 and set an overweight rating on the stock in a research report on Monday, August 26th. BTIG Research reduced their price target on Braze from $68.00 to $62.00 and set a buy rating on the stock in a research report on Friday, May 31st. Scotiabank raised Braze from a sector perform rating to a sector outperform rating and boosted their price objective for the stock from $48.00 to $56.00 in a research report on Wednesday, July 10th. Raymond James reduced their target price on shares of Braze from $65.00 to $55.00 and set an outperform rating on the stock in a report on Friday, June 7th. Finally, Needham & Company LLC reiterated a buy rating and issued a $70.00 price target on shares of Braze in a research note on Monday, June 17th. Seventeen investment analysts have rated the stock with a buy rating, According to MarketBeat, Braze has an average rating of Buy and a consensus target price of $60.50.

Insider Activity at Braze

In related news, CAO Pankaj Malik sold 2,618 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $35.23, for a total value of $92,232.14. Following the completion of the sale, the chief accounting officer now owns 76,623 shares in the company, valued at approximately $2,699,428.29. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CAO Pankaj Malik sold 2,618 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $35.23, for a total transaction of $92,232.14. Following the completion of the sale, the chief accounting officer now directly owns 76,623 shares of the company’s stock, valued at $2,699,428.29. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO William Magnuson sold 17,840 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $41.37, for a total transaction of $738,040.80. Following the completion of the transaction, the chief executive officer now directly owns 600,749 shares in the company, valued at $24,852,986.13. The disclosure for this sale can be found here. Insiders sold a total of 174,845 shares of company stock valued at $7,506,929 in the last three months. 24.03% of the stock is currently owned by company insiders.

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.