Couchbase (NASDAQ:BASE) Trading Down 4.4%

Couchbase, Inc. (NASDAQ:BASE) fell 4.4% during trading on Monday . The company traded as low as $24.26 and last traded at $24.34. 235,151 shares were traded during trading, a decline of 52% from the average session volume of 485,563 shares. The stock had previously closed at $25.47.

Analysts Set New Price Targets

A number of research firms recently commented on BASE. Guggenheim increased their price target on Couchbase from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. DA Davidson upped their price objective on Couchbase from $27.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Royal Bank of Canada upped their price objective on Couchbase from $32.00 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. The Goldman Sachs Group upped their price objective on Couchbase from $20.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, March 7th. Finally, Oppenheimer upped their price objective on Couchbase from $25.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Couchbase has a consensus rating of “Moderate Buy” and a consensus price target of $32.40.

Couchbase Trading Down 3.4 %

The stock has a 50 day moving average price of $26.39 and a two-hundred day moving average price of $22.85. The company has a market cap of $1.23 billion, a price-to-earnings ratio of -14.53 and a beta of 0.69.

Couchbase (NASDAQ:BASE) last posted its quarterly earnings results on Tuesday, March 5th. The company reported ($0.32) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.03. The company had revenue of $50.09 million for the quarter, compared to the consensus estimate of $46.56 million. Couchbase had a negative return on equity of 54.61% and a negative net margin of 44.54%. On average, equities analysts forecast that Couchbase, Inc. will post -1.42 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO William Robert Carey sold 4,431 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $27.90, for a total transaction of $123,624.90. Following the sale, the chief accounting officer now owns 48,097 shares of the company’s stock, valued at approximately $1,341,906.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Couchbase news, CEO Matthew M. Cain sold 10,053 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $24.15, for a total transaction of $242,779.95. Following the completion of the transaction, the chief executive officer now owns 883,458 shares in the company, valued at approximately $21,335,510.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO William Robert Carey sold 4,431 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $27.90, for a total value of $123,624.90. Following the transaction, the chief accounting officer now owns 48,097 shares of the company’s stock, valued at approximately $1,341,906.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 60,228 shares of company stock valued at $1,652,692. 22.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Couchbase

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Couchbase by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 3,359,891 shares of the company’s stock valued at $57,656,000 after acquiring an additional 97,718 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Couchbase by 8.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 250,472 shares of the company’s stock valued at $5,641,000 after acquiring an additional 19,256 shares in the last quarter. Horrell Capital Management Inc. grew its holdings in shares of Couchbase by 5.3% in the 4th quarter. Horrell Capital Management Inc. now owns 200,000 shares of the company’s stock valued at $4,504,000 after acquiring an additional 10,000 shares in the last quarter. Circumference Group LLC bought a new position in shares of Couchbase in the 4th quarter valued at about $4,504,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Couchbase by 74.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 166,352 shares of the company’s stock valued at $2,855,000 after acquiring an additional 70,978 shares in the last quarter. 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.