Couchbase (NASDAQ:BASE) Releases Earnings Results

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

Couchbase Trading Down 1.8 %

Couchbase stock traded down $0.32 during mid-day trading on Thursday, hitting $17.94. The company’s stock had a trading volume of 67,269 shares, compared to its average volume of 476,079. Couchbase has a 1 year low of $13.53 and a 1 year high of $32.00. The firm has a market capitalization of $939.12 million, a PE ratio of -11.27 and a beta of 0.81. The stock’s fifty day moving average is $16.96 and its two-hundred day moving average is $17.03.

Insider Activity

In related news, SVP Huw Owen sold 7,575 shares of Couchbase stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $15.22, for a total value of $115,291.50. Following the completion of the sale, the senior vice president now owns 341,709 shares in the company, valued at approximately $5,200,810.98. This trade represents a 2.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Gregory N. Henry sold 3,853 shares of the firm’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 transaction, the chief financial officer now owns 336,679 shares of the company’s stock, valued at approximately $5,097,320.06. This represents a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 54,883 shares of company stock valued at $950,915 in the last quarter. Insiders own 16.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BASE. Stifel Nicolaus raised their price target on shares of Couchbase from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Truist Financial began coverage on Couchbase in a research note on Thursday, December 12th. They issued a “buy” rating and a $21.00 price target on the stock. UBS Group reduced their price objective on Couchbase from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Wednesday. Morgan Stanley reduced their target price on shares of Couchbase from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, Piper Sandler boosted their price target on shares of Couchbase from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Couchbase currently has an average rating of “Moderate Buy” and a consensus price target of $22.31.

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.