Braze (NASDAQ:BRZE) Posts Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Braze (NASDAQ:BRZE) announced its quarterly earnings data on Thursday. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.07, Briefing.com reports. Braze had a negative net margin of 20.41% and a negative return on equity of 24.88%. The firm had revenue of $160.40 million for the quarter, compared to the consensus estimate of $155.72 million. During the same period in the previous year, the firm posted ($0.04) earnings per share. The firm’s revenue was up 22.4% on a year-over-year basis.

Braze Trading Up 2.2 %

Shares of BRZE stock opened at $37.51 on Friday. The firm has a market capitalization of $3.88 billion, a P/E ratio of -32.90 and a beta of 1.17. Braze has a 1 year low of $29.18 and a 1 year high of $48.33. The firm’s fifty day simple moving average is $39.66 and its 200 day simple moving average is $37.98.

Insider Buying and Selling at Braze

In related news, insider Myles Kleeger sold 10,000 shares of the company’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 completion of the transaction, the insider now directly owns 184,396 shares in the company, valued at approximately $8,377,110.28. This represents a 5.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Jonathan Hyman sold 5,210 shares of Braze stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $40.82, for a total transaction of $212,672.20. Following the sale, the chief technology officer now owns 157,810 shares in the company, valued at $6,441,804.20. This represents a 3.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 89,470 shares of company stock valued at $3,841,921 in the last ninety days. Company insiders own 24.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Raymond James boosted their price target on shares of Braze from $45.00 to $48.00 and gave the company an “outperform” rating in a report on Friday. Stifel Nicolaus set a $50.00 target price on Braze and gave the stock a “buy” rating in a research report on Friday. William Blair reiterated an “outperform” rating on shares of Braze in a report on Thursday, December 19th. Piper Sandler increased their price objective on Braze from $40.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Finally, DA Davidson reiterated a “buy” rating and issued a $50.00 target price on shares of Braze in a research note on Wednesday. One research analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Braze presently has a consensus rating of “Buy” and a consensus target price of $53.00.

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.