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

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

Couchbase Stock Performance

Shares of NASDAQ BASE traded down $0.30 during midday trading on Tuesday, hitting $16.25. The company’s stock had a trading volume of 986,684 shares, compared to its average volume of 462,594. Couchbase has a 1-year low of $13.53 and a 1-year high of $32.00. The firm’s fifty day moving average price is $16.89 and its 200-day moving average price is $17.03. The firm has a market cap of $850.69 million, a P/E ratio of -10.16 and a beta of 0.81.

Insider Buying and Selling

In related news, SVP Margaret Chow sold 15,000 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $18.31, for a total transaction of $274,650.00. Following the completion of the transaction, the senior vice president now directly owns 133,067 shares in the company, valued at $2,436,456.77. This represents a 10.13 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Gregory N. Henry sold 3,853 shares of the 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 sale, the chief financial officer now directly owns 336,679 shares in the company, valued at $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 worth $950,915 over the last quarter. 16.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on BASE shares. Barclays lifted their price objective on shares of Couchbase from $19.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a $25.00 price objective on shares of Couchbase in a report on Wednesday, December 4th. Truist Financial initiated coverage on Couchbase in a research note on Thursday, December 12th. They set a “buy” rating and a $21.00 target price for the company. Morgan Stanley dropped their target price on Couchbase from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 4th. Finally, Robert W. Baird reduced their price target on Couchbase from $27.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.