Couchbase (NASDAQ:BASE) Shares Up 5% – Still a Buy?

Couchbase, Inc. (NASDAQ:BASE)’s share price traded up 5% during mid-day trading on Friday . The stock traded as high as $15.85 and last traded at $15.40. 400,129 shares were traded during trading, a decline of 22% from the average session volume of 510,288 shares. The stock had previously closed at $14.66.

Analyst Ratings Changes

Several equities research analysts recently commented on BASE shares. Wells Fargo & Company lowered their price target on Couchbase from $23.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. Guggenheim dropped their price target on shares of Couchbase from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. DA Davidson reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Couchbase in a research note on Wednesday, December 4th. Robert W. Baird lowered their target price on shares of Couchbase from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 4th. Finally, Royal Bank of Canada reduced their price target on Couchbase from $25.00 to $22.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.19.

Couchbase Price Performance

The firm has a market cap of $814.53 million, a P/E ratio of -9.73 and a beta of 0.81. The company’s 50 day moving average is $16.77 and its two-hundred day moving average is $16.61.

Couchbase (NASDAQ:BASE) last announced its quarterly earnings data on Tuesday, February 25th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.22). The firm had revenue of $54.92 million for the quarter, compared to analyst estimates of $53.25 million. Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. Research analysts predict that Couchbase, Inc. will post -1.48 EPS for the current year.

Insider Buying and Selling at Couchbase

In other news, CFO Gregory N. Henry sold 9,820 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $17.62, for a total value of $173,028.40. Following the sale, the chief financial officer now directly owns 304,555 shares in the company, valued at approximately $5,366,259.10. This represents a 3.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Huw Owen sold 2,993 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $16.02, for a total value of $47,947.86. Following the transaction, the senior vice president now owns 325,993 shares of the company’s stock, valued at $5,222,407.86. This trade represents a 0.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,455 shares of company stock valued at $777,289 in the last 90 days. 16.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Couchbase

Several institutional investors and hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its position in Couchbase by 33.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 369,190 shares of the company’s stock valued at $5,951,000 after buying an additional 93,301 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Couchbase in the 3rd quarter valued at $772,000. Wasatch Advisors LP grew its holdings in shares of Couchbase by 56.4% during the third quarter. Wasatch Advisors LP now owns 990,331 shares of the company’s stock worth $15,964,000 after purchasing an additional 357,169 shares during the last quarter. 272 Capital LP bought a new position in shares of Couchbase in the third quarter valued at about $1,566,000. Finally, Paloma Partners Management Co bought a new stake in Couchbase during the 3rd quarter worth about $355,000. Institutional investors and hedge funds 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.