Couchbase (NASDAQ:BASE) Announces Quarterly Earnings Results, Misses Estimates By $0.22 EPS

Couchbase (NASDAQ:BASE) posted its earnings results on Tuesday. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.22), Zacks reports. Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%.

Couchbase Stock Performance

Couchbase stock traded down $0.30 during trading on Tuesday, reaching $16.25. The company had a trading volume of 986,684 shares, compared to its average volume of 462,594. The firm has a market capitalization of $850.69 million, a price-to-earnings ratio of -10.16 and a beta of 0.81. Couchbase has a 12-month low of $13.53 and a 12-month high of $32.00. The stock’s 50 day moving average price is $16.89 and its two-hundred day moving average price is $17.03.

Insider Buying and Selling at Couchbase

In other news, CFO Gregory N. Henry sold 3,853 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $15.14, for a total value of $58,334.42. Following the transaction, the chief financial officer now directly owns 336,679 shares in the company, valued at $5,097,320.06. This trade represents a 1.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Margaret Chow sold 15,000 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $18.31, for a total value of $274,650.00. Following the sale, the senior vice president now owns 133,067 shares of the company’s stock, valued at $2,436,456.77. The trade was a 10.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 54,883 shares of company stock worth $950,915 in the last quarter. 16.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on BASE shares. Needham & Company LLC reissued a “buy” rating and issued a $22.00 price objective on shares of Couchbase in a research note on Wednesday, December 4th. Robert W. Baird lowered their price target on shares of Couchbase from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 4th. Stifel Nicolaus lifted their price objective on Couchbase from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Piper Sandler reiterated an “overweight” rating and set a $21.00 target price on shares of Couchbase in a report on Wednesday, December 4th. Finally, Truist Financial initiated coverage on Couchbase in a research report on Thursday, December 12th. They set a “buy” rating and a $21.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $23.13.

Couchbase Company Profile

Couchbase, Inc provides cloud database platform for enterprise applications in the United States and internationally. Its database works in multiple configurations, ranging from cloud to multi- or hybrid-cloud to on-premise environments to the edge. The company offers Couchbase Capella, an automated and secure Database-as-a-Service that simplifies database management by deploying, managing, and operating Couchbase Server across cloud environments; and Couchbase Server, a multi-service NoSQL database, which provides SQL-compatible query language and SQL++ that allows for a various array of data manipulation functions.