Couchbase, Inc. (NASDAQ:BASE) Short Interest Update

Couchbase, Inc. (NASDAQ:BASE) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totalling 1,440,000 shares, an increase of 17.1% from the June 15th total of 1,230,000 shares. Currently, 3.8% of the shares of the company are short sold. Based on an average daily trading volume, of 537,700 shares, the days-to-cover ratio is currently 2.7 days.

Couchbase Stock Performance

Shares of BASE traded down $0.21 on Tuesday, hitting $18.40. 182,447 shares of the stock traded hands, compared to its average volume of 513,994. Couchbase has a 1 year low of $14.12 and a 1 year high of $32.00. The stock’s 50 day moving average is $21.16 and its two-hundred day moving average is $24.05.

Couchbase (NASDAQ:BASE) last released its earnings results on Wednesday, June 5th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.03). Couchbase had a negative net margin of 41.66% and a negative return on equity of 54.49%. The business had revenue of $51.33 million during the quarter, compared to analyst estimates of $48.52 million. On average, sell-side analysts predict that Couchbase will post -1.45 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on BASE shares. Robert W. Baird cut their price objective on Couchbase from $35.00 to $32.00 and set an “outperform” rating for the company in a research report on Thursday, June 6th. Morgan Stanley decreased their price objective on shares of Couchbase from $30.00 to $29.00 and set an “equal weight” rating on the stock in a report on Thursday, June 6th. Barclays dropped their target price on shares of Couchbase from $33.00 to $27.00 and set an “equal weight” rating for the company in a report on Thursday, June 6th. Royal Bank of Canada reduced their price target on shares of Couchbase from $35.00 to $31.00 and set an “outperform” rating for the company in a research report on Thursday, June 6th. Finally, Oppenheimer dropped their price objective on Couchbase from $36.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $28.58.

Insider Buying and Selling

In other Couchbase news, SVP Huw Owen sold 7,792 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $16.84, for a total transaction of $131,217.28. Following the completion of the sale, the senior vice president now directly owns 405,123 shares of the company’s stock, valued at approximately $6,822,271.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, SVP Huw Owen sold 7,792 shares of the firm’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $16.84, for a total value of $131,217.28. Following the completion of the sale, the senior vice president now owns 405,123 shares in the company, valued at approximately $6,822,271.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Matthew M. Cain sold 10,053 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $26.58, for a total transaction of $267,208.74. Following the transaction, the chief executive officer now owns 873,405 shares in the company, valued at $23,215,104.90. The disclosure for this sale can be found here. Insiders have sold a total of 58,695 shares of company stock valued at $1,321,153 over the last quarter. 16.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Couchbase

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Couchbase by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 3,359,891 shares of the company’s stock worth $57,656,000 after purchasing an additional 97,718 shares during the period. Horrell Capital Management Inc. raised its stake 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 during the period. SG Americas Securities LLC acquired a new position in shares of Couchbase during the 4th quarter valued at $210,000. State of Michigan Retirement System purchased a new stake in Couchbase during the 4th quarter worth $299,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Couchbase by 21.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,698 shares of the company’s stock valued at $151,000 after purchasing an additional 1,203 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Couchbase Company Profile

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.