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

Couchbase, Inc. (NASDAQ:BASE - Get Free Report) was the recipient of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 1,350,000 shares, a decrease of 10.0% from the January 15th total of 1,500,000 shares. Based on an average daily trading volume, of 445,300 shares, the days-to-cover ratio is presently 3.0 days. Approximately 3.4% of the company's stock are short sold.

Insider Transactions at Couchbase

In other news, SVP Huw Owen sold 14,742 shares of the company's stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $18.05, for a total value of $266,093.10. Following the sale, the senior vice president now directly owns 311,251 shares of the company's stock, valued at $5,618,080.55. This represents a 4.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Margaret Chow sold 15,000 shares of the company's stock in a transaction dated 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 directly owns 133,067 shares in the company, valued at $2,436,456.77. This represents a 10.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 54,883 shares of company stock valued at $950,915 in the last three months. 16.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Couchbase

Several institutional investors have recently made changes to their positions in BASE. Quarry LP bought a new position in shares of Couchbase in the 4th quarter worth approximately $35,000. Daiwa Securities Group Inc. lifted its stake in shares of Couchbase by 22.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company's stock worth $65,000 after purchasing an additional 759 shares during the period. Summit Investment Advisors Inc. lifted its stake 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 worth $65,000 after purchasing an additional 807 shares during the period. Harbor Capital Advisors Inc. increased its holdings in Couchbase by 15.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company's stock worth $112,000 after acquiring an additional 956 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in Couchbase in the 4th quarter worth approximately $112,000. Institutional investors own 96.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. DA Davidson reiterated a "buy" rating and issued a $25.00 price target on shares of Couchbase in a research note on Wednesday, December 4th. Morgan Stanley dropped their price target on shares of Couchbase from $27.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Wednesday, December 4th. Guggenheim reiterated a "buy" rating and issued a $30.00 price target on shares of Couchbase in a research note on Wednesday, December 4th. Robert W. Baird dropped their price target on shares of Couchbase from $27.00 to $25.00 and set an "outperform" rating on the stock in a research note on Wednesday, December 4th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $21.00 price target on shares of Couchbase in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Couchbase currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.13.

Couchbase Stock Down 1.5 %

BASE traded down $0.27 during midday trading on Thursday, hitting $18.26. 979,652 shares of the company traded hands, compared to its average volume of 426,468. The company's 50-day moving average is $16.82 and its 200 day moving average is $17.03. Couchbase has a 52 week low of $13.53 and a 52 week high of $32.00. The firm has a market capitalization of $955.75 million, a PE ratio of -11.41 and a beta of 0.81.

Couchbase (NASDAQ:BASE - Get Free Report) last issued its quarterly earnings data on Tuesday, December 3rd. The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.27). Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. During the same quarter in the prior year, the firm posted ($0.34) earnings per share. On average, sell-side analysts predict that Couchbase will post -1.48 earnings per share for the current fiscal year.

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.