Braze (BRZE) Projected to Post Quarterly Earnings on Thursday

Braze (NASDAQ:BRZE - Get Free Report) is expected to be issuing its quarterly earnings data after the market closes on Thursday, March 27th. Analysts expect the company to announce earnings of $0.05 per share and revenue of $155.72 million for the quarter. Parties interested in listening to the company's conference call can do so using this link.

Braze Stock Performance

Braze stock traded up $0.98 during midday trading on Friday, reaching $37.03. 1,820,398 shares of the company's stock were exchanged, compared to its average volume of 1,120,906. Braze has a 52 week low of $29.18 and a 52 week high of $52.26. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of -32.48 and a beta of 1.17. The stock's 50-day simple moving average is $40.20 and its 200 day simple moving average is $38.04.

Insider Activity

In other Braze news, General Counsel Susan Wiseman sold 14,000 shares of the business's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $45.52, for a total transaction of $637,280.00. Following the completion of the transaction, the general counsel now directly owns 199,520 shares in the company, valued at $9,082,150.40. The trade was 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 at this link. Also, CEO William Magnuson sold 18,050 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $40.82, for a total transaction of $736,801.00. Following the transaction, the chief executive officer now owns 564,766 shares of the company's stock, valued at approximately $23,053,748.12. This represents a 3.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 89,470 shares of company stock worth $3,841,921. Corporate insiders own 24.03% of the company's stock.

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Wall Street Analysts Forecast Growth

BRZE has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their price target on Braze from $37.00 to $48.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. DA Davidson reduced their price target on Braze from $55.00 to $50.00 and set a "buy" rating for the company in a report on Tuesday, December 10th. Stephens initiated coverage on Braze in a report on Wednesday. They set an "overweight" rating and a $43.00 price objective for the company. Raymond James reduced their price objective on Braze from $48.00 to $45.00 and set an "outperform" rating for the company in a report on Thursday. Finally, Oppenheimer restated an "outperform" rating and set a $51.00 price objective on shares of Braze in a report on Tuesday, December 10th. One 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $52.45.

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.