Couchbase (NASDAQ:BASE) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Couchbase (NASDAQ:BASE) announced its quarterly earnings data on Wednesday. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.03, Briefing.com reports. The business had revenue of $51.60 million during the quarter, compared to analysts’ expectations of $51.11 million. Couchbase had a negative return on equity of 54.49% and a negative net margin of 41.66%. The business’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.44) EPS. Couchbase updated its FY 2025 guidance to EPS and its Q3 2025 guidance to EPS.

Couchbase Trading Up 0.1 %

BASE stock opened at $18.99 on Thursday. The company has a market capitalization of $955.39 million, a P/E ratio of -11.58 and a beta of 0.61. Couchbase has a twelve month low of $14.12 and a twelve month high of $32.00. The business has a 50 day simple moving average of $18.32 and a 200-day simple moving average of $22.45.

Insider Transactions at Couchbase

In other news, CEO Matthew M. Cain sold 8,953 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $20.01, for a total transaction of $179,149.53. Following the completion of the sale, the chief executive officer now owns 776,437 shares in the company, valued at $15,536,504.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Matthew M. Cain sold 8,953 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $20.01, for a total transaction of $179,149.53. Following the completion of the sale, the chief executive officer now owns 776,437 shares in the company, valued at $15,536,504.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Huw Owen sold 2,993 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $16.53, for a total value of $49,474.29. Following the sale, the senior vice president now owns 412,915 shares of the company’s stock, valued at approximately $6,825,484.95. The disclosure for this sale can be found here. Insiders sold 35,087 shares of company stock worth $651,216 over the last 90 days. 16.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group cut Couchbase from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $30.00 to $18.00 in a research note on Thursday, June 6th. Piper Sandler decreased their price objective on Couchbase from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Thursday. Barclays decreased their price objective on Couchbase from $27.00 to $20.00 and set an “equal weight” rating for the company in a research note on Monday, August 19th. Robert W. Baird decreased their price objective on Couchbase from $32.00 to $27.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, DA Davidson lowered their price target on Couchbase from $35.00 to $30.00 and set a “buy” rating for the company in a report on Friday, June 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $26.71.

About Couchbase

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.