Couchbase (NASDAQ:BASE) Issues Quarterly Earnings Results

Couchbase (NASDAQ:BASE) issued its quarterly earnings results on Wednesday. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.03, Briefing.com reports. Couchbase had a negative return on equity of 54.49% and a negative net margin of 41.66%. The firm had revenue of $51.60 million during the quarter, compared to analyst estimates of $51.11 million. During the same quarter in the previous year, the company posted ($0.44) earnings per share. The company’s revenue was up 19.7% compared to the same quarter last year. Couchbase updated its FY 2025 guidance to EPS and its Q3 2025 guidance to EPS.

Couchbase Stock Down 15.2 %

Shares of Couchbase stock opened at $16.10 on Friday. The firm has a market cap of $809.99 million, a price-to-earnings ratio of -9.82 and a beta of 0.61. The business has a 50-day moving average price of $18.27 and a 200-day moving average price of $22.41. Couchbase has a twelve month low of $14.12 and a twelve month high of $32.00.

Insider Activity

In related news, CEO Matthew M. Cain sold 8,953 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $20.01, for a total value of $179,149.53. Following the completion of the transaction, the chief executive officer now owns 776,437 shares of the company’s stock, valued at approximately $15,536,504.37. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Matthew M. Cain sold 8,953 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $20.01, for a total value of $179,149.53. Following the completion of the transaction, the chief executive officer now owns 776,437 shares of the company’s stock, valued at approximately $15,536,504.37. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Huw Owen sold 7,792 shares of the stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $16.84, for a total transaction of $131,217.28. Following the completion of the transaction, the senior vice president now directly owns 405,123 shares of the company’s stock, valued at approximately $6,822,271.32. The disclosure for this sale can be found here. Insiders sold a total of 35,987 shares of company stock worth $668,568 over the last 90 days. Corporate insiders own 16.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Needham & Company LLC restated a “buy” rating and set a $22.00 price target on shares of Couchbase in a report on Thursday. Piper Sandler Companies initiated coverage on Couchbase in a report on Friday, August 16th. They set an “overweight” rating and a $22.00 target price on the stock. Morgan Stanley reduced their target price on Couchbase from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Thursday. The Goldman Sachs Group cut Couchbase from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $30.00 to $18.00 in a research report on Thursday, June 6th. Finally, UBS Group dropped their price target on Couchbase from $24.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $22.93.

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.