Couchbase (NASDAQ:BASE) Shares Down 7.8% – What’s Next?

Couchbase, Inc. (NASDAQ:BASE)’s stock price traded down 7.8% on Monday . The company traded as low as $14.53 and last traded at $14.44. 155,177 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 524,796 shares. The stock had previously closed at $15.67.

Analyst Ratings Changes

BASE has been the topic of several recent analyst reports. Guggenheim cut their price objective on Couchbase from $30.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Wells Fargo & Company lowered their price objective on shares of Couchbase from $23.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. Royal Bank of Canada reduced their target price on Couchbase from $25.00 to $22.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Piper Sandler lifted their price target on Couchbase from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Finally, Robert W. Baird reduced their price objective on Couchbase from $27.00 to $25.00 and set an “outperform” rating for the company in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Couchbase currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.19.

Couchbase Stock Performance

The firm has a 50 day moving average price of $16.75 and a two-hundred day moving average price of $16.64. The company has a market capitalization of $815.88 million, a P/E ratio of -9.66 and a beta of 0.81.

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

Insiders Place Their Bets

In other news, SVP Huw Owen sold 2,993 shares of the firm’s stock in a transaction 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 completion of the sale, the senior vice president now directly owns 325,993 shares in the company, valued at approximately $5,222,407.86. This trade represents a 0.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Gregory N. Henry sold 9,820 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $17.62, for a total transaction 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,455 shares of company stock valued at $777,289. 16.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Quarry LP acquired a new stake in shares of Couchbase in the 4th quarter valued at $35,000. Summit Investment Advisors Inc. raised its position in shares of Couchbase by 24.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,161 shares of the company’s stock valued at $65,000 after acquiring an additional 807 shares during the period. Daiwa Securities Group Inc. boosted its stake in Couchbase by 22.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company’s stock worth $65,000 after acquiring an additional 759 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Couchbase during the fourth quarter valued at approximately $112,000. Finally, Dark Forest Capital Management LP bought a new stake in Couchbase in the fourth quarter valued at approximately $165,000. 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.