Braze (BRZE) Expected to Announce Earnings on Thursday

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

Braze Stock Up 2.9 %

Shares of Braze stock opened at $38.11 on Tuesday. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of -33.43 and a beta of 1.17. Braze has a twelve month low of $29.18 and a twelve month high of $52.26. The company has a 50-day simple moving average of $40.13 and a two-hundred day simple moving average of $37.96.

Insider Buying and Selling at Braze

In other news, CAO Pankaj Malik sold 3,700 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $45.77, for a total transaction of $169,349.00. Following the transaction, the chief accounting officer now owns 54,784 shares in the company, valued at approximately $2,507,463.68. This represents a 6.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Myles Kleeger sold 10,000 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $45.43, for a total transaction of $454,300.00. Following the transaction, the insider now directly owns 184,396 shares in the company, valued at $8,377,110.28. This trade represents a 5.14 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 89,470 shares of company stock valued at $3,841,921. 24.03% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Stifel Nicolaus lifted their price target on shares of Braze from $37.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Oppenheimer reiterated an “outperform” rating and set a $51.00 target price on shares of Braze in a research report on Tuesday, December 10th. Needham & Company LLC restated a “buy” rating and issued a $50.00 price target on shares of Braze in a research report on Monday, February 3rd. Wells Fargo & Company cut their price objective on shares of Braze from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Macquarie raised their target price on shares of Braze from $30.00 to $39.00 and gave the company a “neutral” rating in a report on Wednesday, December 11th. One analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Braze has a consensus rating of “Buy” and a consensus price target of $52.45.

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.