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

Couchbase (NASDAQ:BASE - Get Free Report) issued its quarterly 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. The firm had revenue of $54.92 million during the quarter, compared to analysts' expectations of $53.25 million. 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 up $0.12 during midday trading on Friday, hitting $17.65. The company's stock had a trading volume of 423,924 shares, compared to its average volume of 489,060. The stock has a market capitalization of $923.94 million, a price-to-earnings ratio of -11.03 and a beta of 0.81. The stock's 50 day simple moving average is $17.05 and its 200 day simple moving average is $17.04. Couchbase has a fifty-two week low of $13.53 and a fifty-two week high of $32.00.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BASE. Truist Financial assumed coverage on Couchbase in a research report on Thursday, December 12th. They set a "buy" rating and a $21.00 price target on the stock. Barclays dropped their price objective on shares of Couchbase from $23.00 to $22.00 and set an "overweight" rating on the stock in a research note on Wednesday. Morgan Stanley dropped their price objective on shares of Couchbase from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Robert W. Baird dropped their price target on shares of Couchbase from $27.00 to $25.00 and set an "outperform" rating on the stock in a research note on Wednesday, December 4th. Finally, Royal Bank of Canada dropped their target price on Couchbase from $25.00 to $22.00 and set an "outperform" rating on the stock in a research report on Wednesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.19.

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Insider Buying and Selling at Couchbase

In other news, SVP Margaret Chow sold 15,000 shares of the firm's stock in a transaction on 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 approximately $2,436,456.77. This trade represents a 10.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Gregory N. Henry sold 9,820 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $17.62, for a total transaction of $173,028.40. Following the completion of the sale, the chief financial officer now owns 304,555 shares in the company, valued at approximately $5,366,259.10. The trade was a 3.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 54,883 shares of company stock valued at $950,915 in the last 90 days. 16.10% of the stock is currently owned by insiders.

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.