DA Davidson Research Analysts Decrease Earnings Estimates for Couchbase, Inc. (NASDAQ:BASE)

Couchbase, Inc. (NASDAQ:BASE) – Research analysts at DA Davidson lowered their FY2025 earnings estimates for shares of Couchbase in a report released on Thursday, September 5th. DA Davidson analyst R. Kessinger now anticipates that the company will post earnings of ($1.49) per share for the year, down from their prior estimate of ($1.42). DA Davidson has a “Buy” rating and a $25.00 price objective on the stock. The consensus estimate for Couchbase’s current full-year earnings is ($1.46) per share. DA Davidson also issued estimates for Couchbase’s FY2026 earnings at ($1.32) EPS.

A number of other analysts also recently weighed in on the stock. Piper Sandler reduced their target price on shares of Couchbase from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. Barclays cut their price objective on shares of Couchbase from $20.00 to $19.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. Robert W. Baird lowered their target price on shares of Couchbase from $32.00 to $27.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. Oppenheimer dropped their price target on Couchbase from $25.00 to $23.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. Finally, Stifel Nicolaus lowered their price objective on Couchbase from $25.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.93.

Couchbase Stock Down 1.1 %

Shares of BASE stock opened at $15.67 on Monday. The stock has a market cap of $804.18 million, a price-to-earnings ratio of -9.55 and a beta of 0.61. The business’s fifty day moving average is $18.18 and its 200 day moving average is $22.17. Couchbase has a twelve month low of $14.12 and a twelve month high of $32.00.

Couchbase (NASDAQ:BASE) last announced its quarterly earnings results on Wednesday, September 4th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.03. Couchbase had a negative net margin of 39.51% and a negative return on equity of 54.84%. The company had revenue of $51.60 million for the quarter, compared to analysts’ expectations of $51.11 million. During the same quarter in the previous year, the company earned ($0.44) earnings per share. Couchbase’s quarterly revenue was up 19.7% on a year-over-year basis.

Insider Buying and Selling

In other news, CEO Matthew M. Cain sold 8,953 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $20.01, for a total transaction of $179,149.53. Following the completion of the transaction, the chief executive officer now directly owns 776,437 shares of the company’s stock, valued at $15,536,504.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Gregory N. Henry sold 3,982 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $16.52, for a total transaction of $65,782.64. Following the completion of the sale, the chief financial officer now owns 393,060 shares in the company, valued at $6,493,351.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 directly owns 776,437 shares in the company, valued at approximately $15,536,504.37. 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 owned by corporate insiders.

Institutional Investors Weigh In On Couchbase

Several hedge funds and other institutional investors have recently made changes to their positions in BASE. NBC Securities Inc. bought a new position in Couchbase in the 1st quarter worth $26,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Couchbase in the second quarter worth about $47,000. Point72 Hong Kong Ltd bought a new position in shares of Couchbase in the second quarter worth about $67,000. Harbor Capital Advisors Inc. lifted its position in shares of Couchbase by 23.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 6,012 shares of the company’s stock valued at $110,000 after buying an additional 1,125 shares in the last quarter. Finally, StepStone Group LP bought a new position in shares of Couchbase during the 4th quarter valued at approximately $133,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

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.