Couchbase, Inc. (NASDAQ:BASE - Get Free Report)'s stock price hit a new 52-week low on Monday . The stock traded as low as $13.36 and last traded at $13.56, with a volume of 55116 shares changing hands. The stock had previously closed at $13.68.
Analyst Ratings Changes
BASE has been the subject of several research reports. Truist Financial assumed coverage on Couchbase in a research report on Thursday, December 12th. They issued a "buy" rating and a $21.00 price objective for the company. The Goldman Sachs Group cut their target price on Couchbase from $18.00 to $16.00 and set a "sell" rating for the company in a research report on Thursday, February 27th. UBS Group dropped their target price on shares of Couchbase from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. DA Davidson reaffirmed a "buy" rating and set a $25.00 price objective on shares of Couchbase in a research note on Wednesday, December 4th. Finally, Morgan Stanley reduced their target price on Couchbase from $25.00 to $23.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 26th. One 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's stock. According to data from MarketBeat.com, Couchbase currently has an average rating of "Moderate Buy" and a consensus price target of $22.19.
Read Our Latest Stock Report on BASE
Couchbase Price Performance
The firm has a market cap of $757.48 million, a P/E ratio of -9.04 and a beta of 0.81. The stock's 50-day moving average price is $16.92 and its 200 day moving average price is $16.73.
Couchbase (NASDAQ:BASE - Get Free Report) 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 company had revenue of $54.92 million during the quarter, compared to the consensus estimate of $53.25 million. Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. As a group, analysts forecast that Couchbase, Inc. will post -1.48 EPS for the current fiscal year.
Insider Buying and Selling at Couchbase
In other news, SVP Huw Owen sold 7,575 shares of the company's stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $15.22, for a total transaction of $115,291.50. Following the completion of the sale, the senior vice president now directly owns 341,709 shares in the company, valued at approximately $5,200,810.98. This represents a 2.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 value of $274,650.00. Following the completion of the transaction, the senior vice president now owns 133,067 shares in the company, valued at $2,436,456.77. The trade was a 10.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 51,030 shares of company stock worth $892,581 over the last 90 days. Company insiders own 16.10% of the company's stock.
Institutional Trading of Couchbase
Several large investors have recently made changes to their positions in the company. Barclays PLC boosted its holdings in shares of Couchbase by 242.9% in the 3rd quarter. Barclays PLC now owns 75,602 shares of the company's stock valued at $1,218,000 after purchasing an additional 53,555 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake 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. JPMorgan Chase & Co. boosted its stake in Couchbase by 169.8% in the third quarter. JPMorgan Chase & Co. now owns 192,216 shares of the company's stock valued at $3,099,000 after buying an additional 120,975 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Couchbase in the third quarter valued at about $772,000. Finally, 272 Capital LP acquired a new position in Couchbase during the third quarter worth about $3,720,000. Institutional investors and hedge funds own 96.07% of the company's stock.
About Couchbase
(
Get Free Report)
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.
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