Scotiabank Has Strong Estimate for Braze FY2025 Earnings

Braze, Inc. (NASDAQ:BRZE) – Scotiabank raised their FY2025 earnings per share estimates for Braze in a research note issued on Wednesday, January 8th. Scotiabank analyst N. Altmann now expects that the company will post earnings per share of ($0.98) for the year, up from their prior estimate of ($1.02). The consensus estimate for Braze’s current full-year earnings is ($1.01) per share.

Several other equities analysts have also recently issued reports on BRZE. JMP Securities restated a “market outperform” rating and set a $68.00 price objective on shares of Braze in a research note on Tuesday, September 24th. Citigroup increased their target price on shares of Braze from $47.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Loop Capital reaffirmed a “buy” rating and set a $75.00 price objective on shares of Braze in a research report on Tuesday, September 24th. Oppenheimer reiterated an “outperform” rating and set a $51.00 price objective on shares of Braze in a research note on Tuesday, December 10th. Finally, UBS Group decreased their target price on Braze from $56.00 to $51.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. One research analyst has rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.74.

Braze Stock Down 3.4 %

NASDAQ:BRZE opened at $42.63 on Friday. The company has a market cap of $4.41 billion, a PE ratio of -37.39 and a beta of 1.11. The business’s 50 day moving average is $40.04 and its two-hundred day moving average is $38.25. Braze has a 52 week low of $29.18 and a 52 week high of $61.53.

Insiders Place Their Bets

In other news, insider Myles Kleeger sold 10,000 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $45.43, for a total value of $454,300.00. Following the sale, the insider now owns 184,396 shares of the company’s stock, valued at approximately $8,377,110.28. The trade was a 5.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Susan Wiseman sold 3,853 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $34.45, for a total transaction of $132,735.85. Following the transaction, the general counsel now owns 203,077 shares of the company’s stock, valued at approximately $6,996,002.65. This trade represents a 1.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 173,083 shares of company stock worth $7,260,773 over the last ninety days. Company insiders own 24.03% of the company’s stock.

Institutional Investors Weigh In On Braze

Several large investors have recently modified their holdings of the stock. Blair William & Co. IL raised its holdings in shares of Braze by 2.2% during the second quarter. Blair William & Co. IL now owns 12,928 shares of the company’s stock valued at $502,000 after acquiring an additional 283 shares during the period. Harbor Capital Advisors Inc. lifted its position in Braze by 3.3% in the 4th quarter. Harbor Capital Advisors Inc. now owns 10,828 shares of the company’s stock worth $453,000 after buying an additional 346 shares in the last quarter. Amalgamated Bank boosted its stake in shares of Braze by 18.9% during the 3rd quarter. Amalgamated Bank now owns 2,253 shares of the company’s stock valued at $73,000 after buying an additional 358 shares during the period. Creative Planning grew its holdings in shares of Braze by 1.7% during the 2nd quarter. Creative Planning now owns 23,121 shares of the company’s stock valued at $898,000 after acquiring an additional 384 shares in the last quarter. Finally, KBC Group NV increased its stake in shares of Braze by 41.5% in the third quarter. KBC Group NV now owns 2,097 shares of the company’s stock worth $68,000 after acquiring an additional 615 shares during the last quarter. 90.47% of the stock is owned by institutional investors.

About Braze

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.