Couchbase (NASDAQ:BASE) Sees Strong Trading Volume - What's Next?

Couchbase, Inc. (NASDAQ:BASE - Get Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 1,073,439 shares traded hands during mid-day trading, an increase of 116% from the previous session's volume of 497,155 shares.The stock last traded at $13.18 and had previously closed at $13.17.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BASE. Morgan Stanley decreased their target price on Couchbase from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 26th. Robert W. Baird cut their price objective on shares of Couchbase from $27.00 to $25.00 and set an "outperform" rating on the stock in a research report on Wednesday, December 4th. Truist Financial initiated coverage on shares of Couchbase in a research report on Thursday, December 12th. They issued a "buy" rating and a $21.00 target price for the company. The Goldman Sachs Group lowered their price target on shares of Couchbase from $18.00 to $16.00 and set a "sell" rating on the stock in a research note on Thursday, February 27th. Finally, Guggenheim reduced their price objective on shares of Couchbase from $30.00 to $26.00 and set a "buy" rating for the company in a research note 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 MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $22.19.

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Couchbase Stock Up 1.5 %

The stock has a market cap of $757.48 million, a P/E ratio of -9.04 and a beta of 0.81. The firm has a 50 day simple moving average of $16.89 and a 200-day simple moving average of $16.68.

Couchbase (NASDAQ:BASE - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.22). The company 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%. On average, equities analysts anticipate that Couchbase, Inc. will post -1.48 earnings per share for the current year.

Insider Transactions at Couchbase

In other Couchbase news, SVP Margaret Chow sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The shares were 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 directly owns 133,067 shares in the company, valued at $2,436,456.77. The trade was a 10.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Huw Owen sold 2,993 shares of Couchbase stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $16.02, for a total value of $47,947.86. Following the completion of the transaction, the senior vice president now owns 325,993 shares in the company, valued at approximately $5,222,407.86. This represents a 0.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 51,030 shares of company stock worth $892,581 over the last quarter. Company insiders own 16.10% of the company's stock.

Institutional Trading of Couchbase

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quarry LP acquired a new stake in shares of Couchbase in the fourth quarter valued at about $35,000. Daiwa Securities Group Inc. boosted 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 valued at $65,000 after purchasing an additional 759 shares during the last quarter. Summit Investment Advisors Inc. increased its position in shares of Couchbase by 24.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,161 shares of the company's stock worth $65,000 after buying an additional 807 shares during the period. KLP Kapitalforvaltning AS bought a new position in Couchbase during the fourth quarter worth $112,000. Finally, Dark Forest Capital Management LP acquired a new position in Couchbase in the fourth quarter valued at $165,000. 96.07% of the stock is currently owned by institutional investors.

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.