On Tuesday, March 7, after the stock market has closed, Couchbase (NASDAQ: BASE) will release the results of its most recent financial report.
The majority opinion held by specialists in the relevant field is that Couchbase will report a loss of $0.34 per share for the third fiscal quarter.
The earnings per share (EPS) forecasts for Couchbase’s fiscal year 2023 and fourth quarter 2023 have been finalized. Simply clicking on this link will bring you into the ongoing conversation that is taking place during the conference call being held by the company.
On Tuesday, December 6, Couchbase (NASDAQ: BASE) publicized its most recent financial results.
These results were for the most recent quarter.
The company reported a loss of $0.37 per share was reported for the period by the company, which is $0.10 less than the average estimate of $0.47 per share.
Both the return on equity and the company’s net margin were negative for Couchbase.
The return on equity was -38.11%, and the net margin was -43.92%.
The revenue for the quarter came in at $38.56 million, which was significantly higher than the analysts’ projection of $36.57 million that they had made earlier. Couchbase is not expected to generate any revenue in either the current fiscal year or the following fiscal year, according to the forecasts made by analysts who follow the tech industry.
The BASE stock market opened for business on Tuesday at $15.96 per share. Over the past year, the price of Couchbase has ranged from a record low of $10.19 to a record high of $21.35 at various points.
The stock’s price has had a moving average of $14.46 over the past fifty days, and its average price over the last 200 days has been $14.16.
The company currently possesses a price-to-earnings ratio of -10.93, a market capitalization of $720.93 million, and a beta value of 0.67.
The Chief Financial Officer of Couchbase, Gregory N. Henry, sold 5,071 shares of the company’s stock on Friday, January 27.
This news is related to the previous one.
This transaction occurred at the same time as another transaction that had already occurred earlier.
A total of $76,217.13 was received for the sale of the shares, totaling an average price of $15.03 per share.
There is now a direct ownership stake in 289,386 company shares held by the chief financial officer, estimated to have a value of approximately $4,349,471.58. On the Securities and Exchange Commission website, you can find a copy of the legal document that provides a more in-depth description of the sale.
The document in question describes the sale of the asset. Gregory N. Henry, the Chief Financial Officer of Couchbase, sold 5,071 shares of the company’s stock on Friday, January 27. Gregory N. Henry was the one who sold the shares.
A total of $76,217.13 was received for the sale of the shares, totaling an average price of $15.03 per share.
The chief financial officer holds a direct ownership stake in the company equal to 289,386 shares, which at the current market price is equal to $4,349,471.58 in cash. Following this link, you will be taken to the SEC filing in which the transaction was discussed in greater detail.
Additionally, on February 1, 10,411 shares of company stock were sold by Gregory N. Henry, who is currently serving as the chief financial officer of the company. Gregory N. Henry is also the chief executive officer of the company.
It came out to an average price of $15.09 per share when one share was sold, which brought in a total of $157,101.99 when it was all said and done.
Due to the sale, the chief financial officer now owns 278.975 shares of the company’s stock, valued at $4,209,732.75.
The disclosure about the purchase can be found in this particular location.
In the ninety days prior, insiders of the company sold 17,777 shares of company stock at a total sale price of $266,299; the company’s insiders own the total number of shares of stock in the company, the extent of 24.60 percent.
Recently, numerous hedge funds and other institutional investors have bought and sold company shares.
These transactions took place in both the buying and selling directions.
During the second quarter, Legal & General Group Plc increased the number of shares of Couchbase that it had in its investment portfolio by 10.9%.
Legal & General Group Plc now has 6,307 shares in the company, having added 622 shares during the most recent quarter to bring the total number of shares held by the company to 6.
At the price that they are trading at right now, these shares have a market value of $103,000.
American International Group INC raised its equity in Couchbase by 6.3% over the second quarter. Since the end of the previous quarter, American International Group INC has increased its shareholdings by 7,363, bringing the total number of shares it owns to 12,403, which are currently valued at $204,000.
During the first three months of the year, Ameritas Investment Partners INC increased the percentage of Couchbase shares it owned by 145.6%.
Ameritas Investment Partners INC now has a total ownership stake equal to 1,822 shares, currently worth $32,000, after purchasing an additional 1,080 shares during the most recent period.
This brings the total number of shares the company owns to 1,822.
During the third quarter of the current fiscal year, Ensign Peak Advisors, INC increased its position in Couchbase by 40.8%.
Ensign Peak Advisors INC now has 5,660 shares of the company’s stock, currently valued at $81,000, after making new purchases of 1,640 shares.
These shares were acquired due to new purchases made during the period.
Last but certainly not least, during the last three months of 2018, Deutsche Bank AG increased the percentage of Couchbase shares it held by 14.1%. Compared to where it was located two months ago, Deutsche Bank AG now possesses 1,644 additional shares of the company’s stock with a combined value of $176,000. Currently, 59.22% of the company’s shares are held in collective ownership by institutional investors and hedge funds.
The opinions of various financial analysts have recently been voiced about the stock in question. Guggenheim published a research note on January 26, stating that the firm would start covering shares of Couchbase.
They recommend purchasing the company’s stock and have set a price target of $20 for it.
The rating they assigned to the company was “buy.” In a research report released by Barclays on Wednesday, February 15, the firm increased its price target for Couchbase from $16.00 to $19.00 and categorized the stock as “overweight.” In a research note distributed on November 21, Morgan Stanley lowered their “equal weight” rating on shares of Couchbase and decreased their price objective on those shares from $19.00 to $18.00.
Both of these changes were made. Goldman Sachs Group lowered its price objective on Couchbase shares from $20.00 to $18.00 and gave the stock a “neutral” rating in a research note published on Wednesday, December 7.
The research note was made public. Wedbush officially announced that it would begin reporting on Couchbase on December 14.
They gave the stock a ” neutral ” rating and settled on a price objective of $16.00 for it.
There are a total of eight analysts who have provided the company with a buy recommendation, while there are only three analysts who have provided it with a hold recommendation.
According to the information discovered on Bloomberg.com, the current consensus recommendation for Couchbase is “Moderate Buy,” and the average price objective for the stock is $19.00.
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