Couchbase (NASDAQ:BASE) Posts Quarterly Earnings Results, Misses Expectations By $0.22 EPS

Couchbase (NASDAQ:BASE) posted its quarterly earnings data on Tuesday. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.22), Zacks reports. The business had revenue of $54.92 million during the quarter, compared to analysts’ expectations of $53.25 million. Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%.

Couchbase Stock Performance

NASDAQ BASE traded down $0.32 during trading hours on Thursday, reaching $17.94. The company’s stock had a trading volume of 67,269 shares, compared to its average volume of 476,079. The company’s 50-day moving average is $16.96 and its two-hundred day moving average is $17.03. Couchbase has a fifty-two week low of $13.53 and a fifty-two week high of $32.00. The stock has a market cap of $939.12 million, a PE ratio of -11.27 and a beta of 0.81.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of research firms have issued reports on BASE. Robert W. Baird reduced their target price on shares of Couchbase from $27.00 to $25.00 and set an “outperform” rating on the stock in a report on Wednesday, December 4th. Guggenheim lowered their target price on Couchbase from $30.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday. Truist Financial assumed coverage on Couchbase in a research report on Thursday, December 12th. They issued a “buy” rating and a $21.00 price target on the stock. Piper Sandler boosted their price target on shares of Couchbase from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Royal Bank of Canada reduced their price objective on Couchbase from $25.00 to $22.00 and set an “outperform” rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Couchbase has an average rating of “Moderate Buy” and a consensus target price of $22.31.

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.