Braze (BRZE) Expected to Announce Quarterly Earnings on Thursday

Braze (NASDAQ:BRZE) is expected to post its quarterly earnings results after the market closes on Thursday, March 27th. Analysts expect Braze to post earnings of $0.05 per share and revenue of $155.72 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Braze Price Performance

Shares of NASDAQ BRZE opened at $38.11 on Tuesday. The company has a 50-day moving average price of $40.13 and a 200-day moving average price of $37.96. The stock has a market capitalization of $3.94 billion, a P/E ratio of -33.43 and a beta of 1.17. Braze has a 1 year low of $29.18 and a 1 year high of $52.26.

Analysts Set New Price Targets

A number of research firms have issued reports on BRZE. Citigroup lifted their price target on Braze from $47.00 to $51.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 target price on shares of Braze in a research report on Monday, February 3rd. DA Davidson lowered their price target on Braze from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, December 10th. Oppenheimer reaffirmed an “outperform” rating and set a $51.00 price objective on shares of Braze in a report on Tuesday, December 10th. Finally, Piper Sandler increased their target price on shares of Braze from $40.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Braze presently has an average rating of “Buy” and an average target price of $52.45.

Insider Activity

In related news, General Counsel Susan Wiseman sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $47.22, for a total value of $472,200.00. Following the transaction, the general counsel now owns 189,520 shares in the company, valued at approximately $8,949,134.40. This represents a 5.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William Magnuson sold 18,050 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $40.82, for a total value of $736,801.00. Following the completion of the sale, the chief executive officer now directly owns 564,766 shares of the company’s stock, valued at $23,053,748.12. This represents a 3.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 89,470 shares of company stock valued at $3,841,921 in the last three months. Company insiders own 24.03% of the company’s stock.

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.