Braze, Inc. (NASDAQ:BRZE - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $30.36 and last traded at $30.65, with a volume of 27789 shares. The stock had previously closed at $31.08.
Several analysts have recently commented on BRZE shares. JMP Securities reiterated a "market outperform" rating and issued a $68.00 target price on shares of Braze in a report on Tuesday, September 24th. UBS Group decreased their price objective on shares of Braze from $56.00 to $51.00 and set a "buy" rating for the company in a research note on Wednesday, September 25th. Oppenheimer cut their target price on Braze from $60.00 to $51.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 24th. Loop Capital reaffirmed a "buy" rating and set a $75.00 price target on shares of Braze in a research report on Tuesday, September 24th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $70.00 price target on shares of Braze in a report on Tuesday, September 24th. Eighteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Braze currently has an average rating of "Buy" and a consensus target price of $59.18.
View Our Latest Stock Report on Braze
The company's fifty day simple moving average is $38.84 and its 200 day simple moving average is $39.96. The firm has a market capitalization of $3.12 billion, a PE ratio of -24.28 and a beta of 1.03.
Braze (NASDAQ:BRZE - Get Free Report) last posted its quarterly earnings results on Thursday, September 5th. The company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of ($0.03) by $0.12. The firm had revenue of $145.50 million during the quarter, compared to analyst estimates of $141.32 million. Braze had a negative return on equity of 25.89% and a negative net margin of 22.01%. The business's revenue for the quarter was up 26.4% on a year-over-year basis. During the same period last year, the company earned ($0.30) earnings per share. On average, analysts anticipate that Braze, Inc. will post -1.02 earnings per share for the current fiscal year.
In other Braze news, insider Myles Kleeger sold 9,178 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $41.37, for a total value of $379,693.86. Following the sale, the insider now directly owns 206,340 shares in the company, valued at $8,536,285.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Braze news, insider Myles Kleeger sold 9,178 shares of the company's stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $41.37, for a total value of $379,693.86. Following the transaction, the insider now directly owns 206,340 shares in the company, valued at $8,536,285.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Isabelle Winkles sold 4,500 shares of Braze stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $32.12, for a total value of $144,540.00. Following the sale, the chief financial officer now owns 216,208 shares of the company's stock, valued at approximately $6,944,600.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 186,465 shares of company stock worth $8,023,190. 24.03% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in BRZE. Neo Ivy Capital Management purchased a new position in Braze in the fourth quarter worth $40,000. Covestor Ltd boosted its holdings in shares of Braze by 401.1% in the 1st quarter. Covestor Ltd now owns 922 shares of the company's stock worth $41,000 after purchasing an additional 738 shares in the last quarter. Comerica Bank increased its position in shares of Braze by 29.4% during the 1st quarter. Comerica Bank now owns 1,216 shares of the company's stock valued at $54,000 after purchasing an additional 276 shares during the last quarter. Quarry LP purchased a new position in shares of Braze during the 2nd quarter valued at about $50,000. Finally, RiverPark Advisors LLC raised its holdings in shares of Braze by 360.9% during the 1st quarter. RiverPark Advisors LLC now owns 1,802 shares of the company's stock valued at $80,000 after buying an additional 1,411 shares in the last quarter. Institutional investors own 90.47% of the company's stock.
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.
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