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

Couchbase, Inc. (NASDAQ:BASE) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 1,670,000 shares, a growth of 13.6% from the March 31st total of 1,470,000 shares. Approximately 4.7% of the shares of the company are sold short. Based on an average daily trading volume, of 516,100 shares, the days-to-cover ratio is presently 3.2 days.

Analysts Set New Price Targets

BASE has been the subject of several recent analyst reports. Barclays raised their price target on Couchbase from $29.00 to $33.00 and gave the company an “equal weight” rating in a report on Wednesday, March 6th. Wells Fargo & Company raised their price target on Couchbase from $26.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, March 5th. Guggenheim raised their price target on Couchbase from $27.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Robert W. Baird raised their price target on Couchbase from $28.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Finally, DA Davidson lifted 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. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $32.40.

Couchbase Stock Performance

Shares of NASDAQ BASE traded down $0.29 during trading on Wednesday, reaching $23.85. The company had a trading volume of 67,225 shares, compared to its average volume of 480,714. Couchbase has a twelve month low of $13.97 and a twelve month high of $32.00. The stock has a 50-day moving average price of $26.26 and a two-hundred day moving average price of $22.98.

Couchbase (NASDAQ:BASE) last released its quarterly earnings results on Tuesday, March 5th. The company reported ($0.32) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.03. The company had revenue of $50.09 million during the quarter, compared to analysts’ expectations of $46.56 million. Couchbase had a negative return on equity of 54.61% and a negative net margin of 44.54%. As a group, analysts predict that Couchbase will post -1.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Couchbase news, CEO Matthew M. Cain sold 10,053 shares of Couchbase stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $24.15, for a total value of $242,779.95. Following the transaction, the chief executive officer now directly owns 883,458 shares in the company, valued at approximately $21,335,510.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Couchbase news, CEO Matthew M. Cain sold 10,053 shares of Couchbase stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $24.15, for a total value of $242,779.95. Following the transaction, the chief executive officer now directly owns 883,458 shares in the company, valued at approximately $21,335,510.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Huw Owen sold 11,581 shares of Couchbase stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $26.79, for a total value of $310,254.99. Following the completion of the transaction, the senior vice president now owns 441,454 shares in the company, valued at $11,826,552.66. The disclosure for this sale can be found here. Insiders have sold 60,228 shares of company stock worth $1,652,692 in the last quarter. 22.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Couchbase

Hedge funds and other institutional investors have recently made changes to their positions in the business. NBC Securities Inc. purchased a new stake in shares of Couchbase in the first quarter valued at $26,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Couchbase in the third quarter valued at $67,000. AJOVista LLC purchased a new stake in shares of Couchbase in the fourth quarter valued at $74,000. Daiwa Securities Group Inc. purchased a new stake in Couchbase during the fourth quarter valued at about $92,000. Finally, Harbor Capital Advisors Inc. grew its position in Couchbase by 45.3% during the third quarter. Harbor Capital Advisors Inc. now owns 5,759 shares of the company’s stock valued at $99,000 after acquiring an additional 1,796 shares during the period. 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.