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

Couchbase, Inc. (NASDAQ:BASE - Get Free Report) saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 1,840,000 shares, a growth of 24.3% from the March 15th total of 1,480,000 shares. Approximately 5.3% of the shares of the stock are short sold. Based on an average daily volume of 785,800 shares, the days-to-cover ratio is currently 2.3 days.

Couchbase Trading Up 2.2 %

Shares of Couchbase stock traded up $0.35 during mid-day trading on Thursday, hitting $16.48. 44,393 shares of the stock were exchanged, compared to its average volume of 573,594. Couchbase has a twelve month low of $12.78 and a twelve month high of $28.67. The stock has a market capitalization of $875.09 million, a price-to-earnings ratio of -10.30 and a beta of 0.85. The company has a 50-day simple moving average of $15.59 and a 200 day simple moving average of $16.65.

Couchbase (NASDAQ:BASE - Get Free Report) last released its earnings results 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). The company had revenue of $54.92 million during 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%. Equities research analysts forecast that Couchbase will post -1.48 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Couchbase news, SVP Margaret Chow sold 15,000 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $18.31, for a total transaction of $274,650.00. Following the completion of the sale, the senior vice president now owns 133,067 shares of the company's stock, valued at $2,436,456.77. This trade represents a 10.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Huw Owen sold 14,742 shares of the firm's stock in a transaction on Friday, January 24th. The stock was sold at an average price of $18.05, for a total value of $266,093.10. Following the transaction, the senior vice president now owns 311,251 shares of the company's stock, valued at approximately $5,618,080.55. This represents a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,400 shares of company stock worth $975,265. 16.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC lifted its position in shares of Couchbase by 242.9% in the 3rd quarter. Barclays PLC now owns 75,602 shares of the company's stock worth $1,218,000 after buying an additional 53,555 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Couchbase by 169.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 192,216 shares of the company's stock valued at $3,099,000 after purchasing an additional 120,975 shares in the last quarter. 272 Capital LP bought a new position in Couchbase during the 3rd quarter valued at $3,720,000. Geode Capital Management LLC boosted its stake in Couchbase by 10.3% during the 3rd quarter. Geode Capital Management LLC now owns 944,447 shares of the company's stock valued at $15,228,000 after purchasing an additional 88,068 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in Couchbase by 27.3% during the 3rd quarter. Franklin Resources Inc. now owns 1,647,334 shares of the company's stock valued at $27,379,000 after purchasing an additional 353,233 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BASE shares. Guggenheim decreased their target price on Couchbase from $30.00 to $26.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. Rosenblatt Securities initiated coverage on Couchbase in a report on Wednesday, April 9th. They issued a "buy" rating and a $20.00 target price for the company. Wells Fargo & Company reduced their price target on shares of Couchbase from $23.00 to $20.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. Barclays reduced their price target on shares of Couchbase from $23.00 to $22.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. Finally, Royal Bank of Canada reduced their price target on shares of Couchbase from $25.00 to $22.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, Couchbase has an average rating of "Moderate Buy" and an average target price of $21.41.

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.