Braze (BRZE) to Release Quarterly Earnings on Thursday

Braze (NASDAQ:BRZE) will likely be releasing its earnings data before the market opens on Thursday, March 27th. Analysts expect Braze to post earnings of $0.05 per share and revenue of $155.72 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Braze Stock Up 2.3 %

NASDAQ BRZE opened at $36.32 on Thursday. The company has a market capitalization of $3.76 billion, a P/E ratio of -31.86 and a beta of 1.17. Braze has a 12-month low of $29.18 and a 12-month high of $55.47. The firm has a 50-day moving average price of $40.47 and a two-hundred day moving average price of $38.15.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. DA Davidson dropped their target price on shares of Braze from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, December 10th. William Blair restated an “outperform” rating on shares of Braze in a research report on Thursday, December 19th. Stephens assumed coverage on shares of Braze in a research report on Wednesday. They issued an “overweight” rating and a $43.00 target price for the company. Macquarie boosted their target price on shares of Braze from $30.00 to $39.00 and gave the company a “neutral” rating in a research report on Wednesday, December 11th. Finally, Piper Sandler boosted their target price on shares of Braze from $40.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, Braze has a consensus rating of “Moderate Buy” and a consensus price target of $53.20.

Insiders Place Their Bets

In related news, General Counsel Susan Wiseman sold 14,000 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $45.52, for a total transaction of $637,280.00. Following the sale, the general counsel now owns 199,520 shares of the company’s stock, valued at $9,082,150.40. This trade represents a 6.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Myles Kleeger sold 8,365 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $40.12, for a total value of $335,603.80. Following the sale, the insider now owns 168,882 shares in the company, valued at $6,775,545.84. The trade was a 4.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 89,470 shares of company stock worth $3,841,921 over the last quarter. 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.