Braze (BRZE) to Release Earnings on Wednesday

Braze (NASDAQ:BRZEGet Free Report) will be posting its quarterly earnings results after the market closes on Wednesday, March 27th. Analysts expect Braze to post earnings of ($0.05) per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Braze Stock Down 2.1 %

NASDAQ:BRZE opened at $52.43 on Monday. The firm has a market capitalization of $5.23 billion, a price-to-earnings ratio of -37.72 and a beta of 1.21. Braze has a twelve month low of $25.76 and a twelve month high of $61.53. The stock’s 50 day moving average price is $55.27 and its two-hundred day moving average price is $51.22.

Insider Activity

In related news, Director Phillip M. Fernandez sold 1,500 shares of Braze stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $59.91, for a total transaction of $89,865.00. Following the sale, the director now directly owns 11,056 shares in the company, valued at $662,364.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Phillip M. Fernandez sold 1,500 shares of Braze stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $59.91, for a total transaction of $89,865.00. Following the sale, the director now directly owns 11,056 shares in the company, valued at $662,364.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Myles Kleeger sold 15,000 shares of Braze stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $49.78, for a total value of $746,700.00. Following the sale, the insider now owns 171,709 shares in the company, valued at $8,547,674.02. The disclosure for this sale can be found here. Insiders have sold 90,471 shares of company stock worth $5,013,803 over the last 90 days. 26.48% of the stock is currently owned by corporate insiders.

Institutional Trading of Braze

Several hedge funds have recently made changes to their positions in BRZE. Creative Planning grew its position in shares of Braze by 1.2% in the fourth quarter. Creative Planning now owns 21,827 shares of the company’s stock valued at $1,160,000 after purchasing an additional 249 shares in the last quarter. Voya Investment Management LLC grew its position in Braze by 1.5% during the fourth quarter. Voya Investment Management LLC now owns 20,814 shares of the company’s stock worth $1,106,000 after buying an additional 299 shares in the last quarter. Legal & General Group Plc grew its position in Braze by 4.3% during the fourth quarter. Legal & General Group Plc now owns 8,303 shares of the company’s stock worth $227,000 after buying an additional 340 shares in the last quarter. Advisors Asset Management Inc. grew its position in Braze by 70.0% during the third quarter. Advisors Asset Management Inc. now owns 1,406 shares of the company’s stock worth $66,000 after buying an additional 579 shares in the last quarter. Finally, Comerica Bank grew its position in Braze by 377.2% during the fourth quarter. Comerica Bank now owns 940 shares of the company’s stock worth $50,000 after buying an additional 743 shares in the last quarter. 49.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on BRZE. Canaccord Genuity Group lifted their target price on Braze from $55.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, December 7th. Raymond James boosted their price target on Braze from $52.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, December 7th. UBS Group upgraded Braze from a “neutral” rating to a “buy” rating and set a $62.00 price target for the company in a research note on Thursday. Needham & Company LLC boosted their price target on Braze from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, December 7th. Finally, Barclays boosted their price target on Braze from $65.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, December 7th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $63.76.

Get Our Latest Analysis on BRZE

About Braze

(Get Free Report)

Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. The company offers data ingestion products, such as 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 cohort syncing, which allow brands to sync user cohorts from partners; and Braze Cloud Data Ingestion that enables brands to harness their customer data.

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Earnings History for Braze (NASDAQ:BRZE)

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