Couchbase (NASDAQ:BASE) Sets New 52-Week Low - Here's What Happened

Couchbase, Inc. (NASDAQ:BASE - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $12.78 and last traded at $12.89, with a volume of 47082 shares. The stock had previously closed at $14.04.

Analyst Ratings Changes

A number of research analysts have recently commented on BASE shares. Royal Bank of Canada decreased their price objective 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. Barclays dropped their price objective on Couchbase from $23.00 to $22.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. The Goldman Sachs Group reduced their target price on Couchbase from $18.00 to $16.00 and set a "sell" rating for the company in a research note on Thursday, February 27th. Wells Fargo & Company dropped their price target on Couchbase from $23.00 to $20.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. Finally, UBS Group reduced their price objective on Couchbase from $19.00 to $18.00 and set a "neutral" rating for the company in a 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 given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $22.06.

Couchbase Trading Up 2.9 %

The company has a market cap of $807.65 million, a P/E ratio of -9.51 and a beta of 0.85. The company has a 50 day moving average price of $16.18 and a 200-day moving average price of $16.66.

Couchbase (NASDAQ:BASE - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.22). The business had revenue of $54.92 million for 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 analysts expect that Couchbase, Inc. will post -1.48 earnings per share for the current year.

Insiders Place Their Bets

In other Couchbase news, SVP Margaret Chow sold 15,000 shares of Couchbase 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 transaction, the senior vice president now owns 133,067 shares in the company, valued at approximately $2,436,456.77. The trade was a 10.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Huw Owen sold 15,938 shares of the stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $15.43, for a total transaction of $245,923.34. Following the completion of the sale, the senior vice president now owns 427,699 shares of the company's stock, valued at approximately $6,599,395.57. This represents a 3.59 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,400 shares of company stock valued at $975,265. 16.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Couchbase

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Congress Asset Management Co. purchased a new stake in shares of Couchbase during the first quarter valued at approximately $5,650,000. Mackenzie Financial Corp purchased a new position in Couchbase during the 4th quarter valued at about $382,000. Two Sigma Advisers LP increased its position in shares of Couchbase by 32.4% during the fourth quarter. Two Sigma Advisers LP now owns 47,800 shares of the company's stock valued at $745,000 after buying an additional 11,700 shares during the period. ProShare Advisors LLC lifted its holdings in shares of Couchbase by 36.7% in the fourth quarter. ProShare Advisors LLC now owns 14,828 shares of the company's stock worth $231,000 after buying an additional 3,979 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Couchbase by 5.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,361 shares of the company's stock valued at $349,000 after acquiring an additional 1,076 shares during the period. Hedge funds and other 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.