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

Couchbase (NASDAQ:BASE) released its quarterly earnings data on Tuesday. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.22), Zacks reports. Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%.

Couchbase Trading Down 1.8 %

Shares of NASDAQ:BASE opened at $16.25 on Wednesday. The firm has a 50 day simple moving average of $16.90 and a 200-day simple moving average of $17.02. Couchbase has a twelve month low of $13.53 and a twelve month high of $32.00. The company has a market capitalization of $850.66 million, a PE ratio of -10.16 and a beta of 0.81.

Insider Activity at Couchbase

In other Couchbase news, SVP Huw Owen sold 2,993 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $16.02, for a total transaction of $47,947.86. Following the completion of the sale, the senior vice president now directly owns 325,993 shares of the company’s stock, valued at $5,222,407.86. This represents a 0.91 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Gregory N. Henry sold 3,853 shares of the stock in a transaction that occurred 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 sale, 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 disclosure for this sale can be found here. Insiders sold a total of 54,883 shares of company stock valued at $950,915 over the last ninety days. Insiders own 16.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Morgan Stanley lowered their price target 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. Piper Sandler reissued an “overweight” rating and issued a $21.00 target price on shares of Couchbase in a research report on Wednesday, December 4th. Robert W. Baird lowered their price target on Couchbase from $27.00 to $25.00 and set an “outperform” rating for the company in a research report on Wednesday, December 4th. Guggenheim reiterated a “buy” rating and issued a $30.00 price objective on shares of Couchbase in a report on Wednesday, December 4th. Finally, DA Davidson reissued a “buy” rating and set a $25.00 target price on shares of Couchbase in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.