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

Couchbase (NASDAQ:BASE) announced its earnings results on Tuesday. The company reported ($0.30) earnings per share 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 Down 1.8 %

Shares of Couchbase stock opened at $16.25 on Wednesday. The firm has a market cap of $850.66 million, a PE ratio of -10.16 and a beta of 0.81. Couchbase has a twelve month low of $13.53 and a twelve month high of $32.00. The business has a 50-day moving average price of $16.90 and a 200 day moving average price of $17.02.

Insiders Place Their Bets

In other news, SVP Margaret Chow sold 15,000 shares of Couchbase stock in a transaction dated 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 owns 133,067 shares in the company, valued at $2,436,456.77. This trade represents a 10.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Gregory N. Henry sold 3,853 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $15.14, for a total transaction of $58,334.42. Following the sale, the chief financial officer now directly owns 336,679 shares of the company’s stock, valued at $5,097,320.06. This represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 54,883 shares of company stock worth $950,915. 16.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on BASE shares. Truist Financial began coverage on Couchbase in a research note on Thursday, December 12th. They set a “buy” rating and a $21.00 target price on the stock. Robert W. Baird dropped their price target on Couchbase from $27.00 to $25.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 4th. Barclays increased their price objective on shares of Couchbase from $19.00 to $23.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Morgan Stanley dropped their target price on shares of 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, DA Davidson reissued a “buy” rating and issued a $25.00 target price on shares of Couchbase in a research report on Wednesday, December 4th. One 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $23.13.

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.