Couchbase (NASDAQ:BASE) Shares Down 7.8% - Should You Sell?

Shares of Couchbase, Inc. (NASDAQ:BASE - Get Free Report) were down 7.8% during trading on Monday . The company traded as low as $14.53 and last traded at $14.44. Approximately 155,177 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 524,796 shares. The stock had previously closed at $15.67.

Analysts Set New Price Targets

BASE has been the subject of a number of research reports. Wells Fargo & Company lowered their price target on Couchbase from $23.00 to $20.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. Guggenheim lowered their target price on Couchbase from $30.00 to $26.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. Barclays cut their price target on Couchbase from $23.00 to $22.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. Morgan Stanley dropped their price objective on shares of Couchbase from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 26th. Finally, The Goldman Sachs Group cut their price objective on shares of Couchbase from $18.00 to $16.00 and set a "sell" rating on the stock in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $22.19.

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Couchbase Stock Performance

The company has a 50 day moving average of $16.69 and a two-hundred day moving average of $16.64. The stock has a market capitalization of $745.52 million, a PE ratio of -8.78 and a beta of 0.81.

Couchbase (NASDAQ:BASE - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported ($0.30) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.22). The business had revenue of $54.92 million for the quarter, compared to analysts' expectations of $53.25 million. Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. As a group, research analysts predict that Couchbase, Inc. will post -1.48 EPS for the current fiscal year.

Insider Transactions at Couchbase

In related news, SVP Huw Owen sold 15,938 shares of Couchbase stock in a transaction dated Friday, March 28th. The stock was 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 $6,599,395.57. The trade was a 3.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Gregory N. Henry sold 9,820 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $17.62, for a total value of $173,028.40. Following the completion of the sale, the chief financial officer now owns 304,555 shares in the company, valued at approximately $5,366,259.10. This represents a 3.12 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 59,393 shares of company stock worth $1,023,213. Company insiders own 16.10% of the company's stock.

Institutional Investors Weigh In On Couchbase

Hedge funds have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. raised its stake in shares of Couchbase by 33.8% during the 3rd 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 during the last quarter. Paloma Partners Management Co purchased a new position in Couchbase during the third quarter valued at approximately $355,000. Point72 Asset Management L.P. lifted its holdings in Couchbase by 121.8% in the third quarter. Point72 Asset Management L.P. now owns 28,839 shares of the company's stock valued at $465,000 after acquiring an additional 15,839 shares during the period. State Street Corp boosted its position in Couchbase by 4.1% in the 3rd quarter. State Street Corp now owns 850,515 shares of the company's stock worth $13,710,000 after purchasing an additional 33,294 shares in the last quarter. Finally, Washington Harbour Partners LP grew its stake in shares of Couchbase by 39.6% during the 3rd quarter. Washington Harbour Partners LP now owns 93,400 shares of the company's stock worth $1,506,000 after purchasing an additional 26,500 shares during the period. 96.07% of the stock is owned by hedge funds and other 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.