Couchbase (NASDAQ:BASE) Issues Earnings Results, Beats Estimates By $0.03 EPS

Couchbase (NASDAQ:BASE) released its quarterly earnings results on Wednesday. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $51.60 million for the quarter, compared to the consensus estimate of $51.11 million. During the same quarter last year, the business posted ($0.44) earnings per share. The company’s revenue for the quarter was up 19.7% on a year-over-year basis. Couchbase updated its FY 2025 guidance to EPS and its Q3 2025 guidance to EPS.

Couchbase Stock Down 15.2 %

Shares of BASE stock opened at $16.10 on Friday. The stock has a fifty day moving average of $18.27 and a 200 day moving average of $22.41. The firm has a market capitalization of $809.99 million, a price-to-earnings ratio of -9.82 and a beta of 0.61. Couchbase has a 52 week low of $14.12 and a 52 week high of $32.00.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Barclays decreased their price objective on Couchbase from $20.00 to $19.00 and set an “equal weight” rating on the stock in a report on Thursday. Wells Fargo & Company lowered their price objective on shares of Couchbase from $30.00 to $23.00 and set an “overweight” rating for the company in a report on Thursday. DA Davidson reduced their target price on shares of Couchbase from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday. Royal Bank of Canada reissued an “outperform” rating and issued a $25.00 price target on shares of Couchbase in a research note on Thursday. Finally, Stifel Nicolaus cut their price target on shares of Couchbase from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Couchbase currently has an average rating of “Moderate Buy” and a consensus price target of $22.93.

Insiders Place Their Bets

In other news, CEO Matthew M. Cain sold 8,953 shares of Couchbase stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $20.01, for a total transaction of $179,149.53. Following the sale, 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 Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Matthew M. Cain sold 8,953 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Gregory N. Henry sold 3,982 shares of Couchbase stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $16.52, for a total value of $65,782.64. Following the sale, the chief financial officer now owns 393,060 shares in the company, valued at $6,493,351.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,987 shares of company stock worth $668,568. 16.10% of the stock is currently owned by corporate insiders.

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.