Couchbase (NASDAQ:BASE) Releases Earnings Results, Beats Estimates By $0.02 EPS

Couchbase (NASDAQ:BASE) released its quarterly earnings results on Tuesday. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02, RTT News reports. The business had revenue of $56.52 million during the quarter, compared to analyst estimates of $55.59 million. Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. Couchbase’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the company posted ($0.10) EPS. Couchbase updated its FY 2026 guidance to EPS and its Q2 2026 guidance to EPS.

Couchbase Stock Up 3.1%

BASE opened at $19.13 on Thursday. The firm has a market capitalization of $1.03 billion, a P/E ratio of -11.96 and a beta of 0.82. The stock’s 50 day moving average price is $16.82 and its two-hundred day moving average price is $16.87. Couchbase has a 12-month low of $12.78 and a 12-month high of $21.99.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Morgan Stanley increased their price objective on Couchbase from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Robert W. Baird raised their price target on Couchbase from $20.00 to $22.00 and gave the stock an “outperform” rating in a research note on Wednesday. UBS Group raised their price target on Couchbase from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and set a $22.00 price target on shares of Couchbase in a research note on Wednesday. Finally, Piper Sandler raised their price target on Couchbase from $16.00 to $20.00 and gave the stock an “overweight” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.65.

Insider Buying and Selling at Couchbase

In other news, SVP Huw Owen sold 15,938 shares of the business’s stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $15.43, for a total transaction of $245,923.34. Following the sale, the senior vice president now directly owns 427,699 shares in the company, valued at approximately $6,599,395.57. The trade was a 3.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 14.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Goldman Sachs Group Inc. raised its stake in shares of Couchbase by 42.0% in the first quarter. Goldman Sachs Group Inc. now owns 225,460 shares of the company’s stock valued at $3,551,000 after purchasing an additional 66,719 shares in the last quarter. Royal Bank of Canada grew its position in Couchbase by 5,995.1% in the first quarter. Royal Bank of Canada now owns 151,037 shares of the company’s stock valued at $2,379,000 after acquiring an additional 148,559 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Couchbase by 6.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,848 shares of the company’s stock valued at $376,000 after acquiring an additional 1,487 shares during the period. Caxton Associates LLP bought a new stake in Couchbase in the first quarter valued at $271,000. Finally, Woodline Partners LP grew its position in Couchbase by 60.7% in the first quarter. Woodline Partners LP now owns 17,069 shares of the company’s stock valued at $269,000 after acquiring an additional 6,446 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

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.