Couchbase, Inc. (NASDAQ:BASE) Short Interest Down 5.7% in November

Couchbase, Inc. (NASDAQ:BASE - Get Free Report) saw a large decline in short interest in November. As of November 30th, there was short interest totalling 1,320,000 shares, a decline of 5.7% from the November 15th total of 1,400,000 shares. Based on an average daily volume of 496,900 shares, the short-interest ratio is currently 2.7 days. Approximately 3.3% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on BASE shares. Morgan Stanley cut their price target on Couchbase from $27.00 to $25.00 and set an "equal weight" rating for the company in a research note on Wednesday, December 4th. Piper Sandler restated an "overweight" rating and set a $21.00 target price on shares of Couchbase in a research report on Wednesday, December 4th. Royal Bank of Canada reiterated an "outperform" rating and issued a $25.00 price target on shares of Couchbase in a research report on Wednesday, December 4th. Stifel Nicolaus lifted their price objective on Couchbase from $20.00 to $22.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $22.00 target price on shares of Couchbase in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $23.13.

Couchbase Stock Up 1.3 %

Shares of BASE traded up $0.20 during mid-day trading on Monday, hitting $15.54. The company had a trading volume of 623,291 shares, compared to its average volume of 486,573. Couchbase has a 1-year low of $13.53 and a 1-year high of $32.00. The business's 50-day simple moving average is $17.68 and its 200-day simple moving average is $17.54. The stock has a market cap of $813.49 million, a PE ratio of -9.71 and a beta of 0.71.

Insiders Place Their Bets

In related news, SVP Huw Owen sold 6,736 shares of the company's stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $15.07, for a total value of $101,511.52. Following the sale, the senior vice president now owns 373,647 shares in the company, valued at $5,630,860.29. This represents a 1.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Edward T. Anderson acquired 21,080 shares of Couchbase stock in a transaction that occurred on Thursday, September 19th. The shares were purchased at an average cost of $14.16 per share, with a total value of $298,492.80. Following the completion of the acquisition, the director now owns 85,902 shares of the company's stock, valued at $1,216,372.32. The trade was a 32.52 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 10,548 shares of company stock worth $163,390. Corporate insiders own 16.10% of the company's stock.

Institutional Trading of Couchbase

Institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its stake in shares of Couchbase by 34.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 164,149 shares of the company's stock valued at $2,997,000 after purchasing an additional 42,434 shares in the last quarter. Pembroke Management LTD raised its holdings in Couchbase by 18.1% in the second quarter. Pembroke Management LTD now owns 809,876 shares of the company's stock valued at $14,788,000 after buying an additional 123,927 shares during the period. Rhumbline Advisers lifted its position in Couchbase by 14.3% during the second quarter. Rhumbline Advisers now owns 53,544 shares of the company's stock valued at $978,000 after buying an additional 6,707 shares in the last quarter. Arizona State Retirement System grew its stake in Couchbase by 28.5% during the second quarter. Arizona State Retirement System now owns 11,032 shares of the company's stock worth $201,000 after buying an additional 2,445 shares during the period. Finally, Acadian Asset Management LLC increased its position in shares of Couchbase by 17.6% in the second quarter. Acadian Asset Management LLC now owns 309,737 shares of the company's stock worth $5,653,000 after acquiring an additional 46,298 shares in the last quarter. 96.07% of the stock is 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.