Couchbase (NASDAQ:BASE) Trading Up 4.9%

Couchbase, Inc. (NASDAQ:BASE)’s share price shot up 4.9% during trading on Monday . The company traded as high as $18.23 and last traded at $18.23. 43,121 shares traded hands during trading, a decline of 92% from the average session volume of 511,583 shares. The stock had previously closed at $17.38.

Wall Street Analysts Forecast Growth

BASE has been the topic of a number of research analyst reports. Needham & Company LLC started coverage on Couchbase in a research note on Wednesday, June 26th. They issued a “buy” rating and a $22.00 price target on the stock. Oppenheimer dropped their target price on shares of Couchbase from $36.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, June 6th. UBS Group began coverage on shares of Couchbase in a research report on Wednesday, May 22nd. They issued a “neutral” rating and a $31.00 target price for the company. Royal Bank of Canada lowered their price target on shares of Couchbase from $35.00 to $31.00 and set an “outperform” rating on the stock in a research report on Thursday, June 6th. Finally, DA Davidson cut their price objective on shares of Couchbase from $35.00 to $30.00 and set a “buy” rating for the company in a report on Friday, June 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $28.58.

Couchbase Stock Performance

The firm has a 50 day simple moving average of $21.02 and a 200-day simple moving average of $24.02.

Couchbase (NASDAQ:BASE) last issued its quarterly earnings data on Wednesday, June 5th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($0.03). The company had revenue of $51.33 million during the quarter, compared to analysts’ expectations of $48.52 million. Couchbase had a negative net margin of 41.66% and a negative return on equity of 54.49%. Equities analysts expect that Couchbase, Inc. will post -1.45 EPS for the current year.

Insider Activity at Couchbase

In other Couchbase news, CFO Gregory N. Henry sold 3,982 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $16.52, for a total transaction of $65,782.64. Following the transaction, the chief financial officer now directly owns 393,060 shares in the company, valued at $6,493,351.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Couchbase news, CFO Gregory N. Henry sold 3,982 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $16.52, for a total transaction of $65,782.64. Following the sale, the chief financial officer now directly owns 393,060 shares in the company, valued at $6,493,351.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew M. Cain sold 10,053 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $26.58, for a total transaction of $267,208.74. Following the completion of the transaction, the chief executive officer now directly owns 873,405 shares of the company’s stock, valued at approximately $23,215,104.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 58,695 shares of company stock worth $1,321,153. Insiders own 16.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. NBC Securities Inc. purchased a new stake in shares of Couchbase during the first quarter worth approximately $26,000. AJOVista LLC acquired a new stake in shares of Couchbase in the 4th quarter valued at $74,000. Daiwa Securities Group Inc. purchased a new stake in shares of Couchbase during the 4th quarter worth $92,000. Harbor Capital Advisors Inc. grew its stake in shares of Couchbase by 23.0% during the second quarter. Harbor Capital Advisors Inc. now owns 6,012 shares of the company’s stock worth $110,000 after purchasing an additional 1,125 shares in the last quarter. Finally, StepStone Group LP purchased a new position in Couchbase in the fourth quarter valued at $133,000. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

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.