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

Couchbase (NASDAQ:BASE) issued its quarterly 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. Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%.

Couchbase Trading Down 1.8 %

Shares of BASE stock traded down $0.30 on Tuesday, reaching $16.25. The company had a trading volume of 975,972 shares, compared to its average volume of 462,594. The stock has a market cap of $850.69 million, a PE ratio of -10.16 and a beta of 0.81. The company has a 50-day moving average of $16.89 and a 200-day moving average of $17.03. Couchbase has a 12 month low of $13.53 and a 12 month high of $32.00.

Insider Buying and Selling

In other Couchbase news, SVP Huw Owen sold 7,575 shares of Couchbase stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $15.22, for a total transaction of $115,291.50. Following the transaction, the senior vice president now directly owns 341,709 shares in the company, valued at approximately $5,200,810.98. The trade was a 2.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Gregory N. Henry sold 9,820 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $17.62, for a total value of $173,028.40. Following the completion of the sale, the chief financial officer now owns 304,555 shares of the company’s stock, valued at $5,366,259.10. This trade represents a 3.12 % decrease in their ownership of the stock. 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 owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on BASE shares. Barclays boosted their price objective on Couchbase from $19.00 to $23.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Robert W. Baird lowered their price target on shares of Couchbase from $27.00 to $25.00 and set an “outperform” rating on the stock in a report on Wednesday, December 4th. Guggenheim reaffirmed a “buy” rating and set a $30.00 price objective on shares of Couchbase in a report on Wednesday, December 4th. Stifel Nicolaus upped their price objective on Couchbase from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, Needham & Company LLC reissued a “buy” rating and set a $22.00 price target on shares of Couchbase in a report on Wednesday, December 4th. One investment 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. Based on data from MarketBeat, Couchbase presently has a consensus rating of “Moderate Buy” and an average 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.