Couchbase (NASDAQ:BASE) Trading Down 9.9% - What's Next?

Shares of Couchbase, Inc. (NASDAQ:BASE - Get Free Report) dropped 9.9% during mid-day trading on Monday . The stock traded as low as $15.31 and last traded at $15.14. Approximately 49,174 shares changed hands during trading, a decline of 90% from the average daily volume of 509,097 shares. The stock had previously closed at $16.80.

Analysts Set New Price Targets

BASE has been the subject of a number of recent analyst reports. Barclays lowered their target price on shares of Couchbase from $23.00 to $22.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. Royal Bank of Canada cut their target price on shares of Couchbase from $25.00 to $22.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Robert W. Baird decreased their price target on Couchbase from $27.00 to $25.00 and set an "outperform" rating for the company in a research note on Wednesday, December 4th. Guggenheim decreased their price target on shares of Couchbase from $30.00 to $26.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Finally, Piper Sandler increased their price target on shares of Couchbase from $21.00 to $22.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $22.19.

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Couchbase Trading Up 1.3 %

The firm has a market capitalization of $730.25 million, a PE ratio of -8.71 and a beta of 0.81. The company has a fifty day moving average price of $17.15 and a two-hundred day moving average price of $16.91.

Couchbase (NASDAQ:BASE - Get Free Report) last issued its quarterly 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). Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. The company had revenue of $54.92 million for the quarter, compared to the consensus estimate of $53.25 million. As a group, equities research analysts predict that Couchbase, Inc. will post -1.48 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Huw Owen sold 7,575 shares of the company's stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $15.22, for a total transaction of $115,291.50. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Margaret Chow sold 15,000 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $18.31, for a total value of $274,650.00. Following the transaction, the senior vice president now owns 133,067 shares of the company's stock, valued at $2,436,456.77. The trade was a 10.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 54,883 shares of company stock valued at $950,915. Company insiders own 16.10% of the company's stock.

Hedge Funds Weigh In On Couchbase

Several large investors have recently bought and sold shares of BASE. Daiwa Securities Group Inc. raised its position in 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 buying an additional 759 shares during the last quarter. Summit Investment Advisors Inc. lifted its stake in Couchbase by 24.1% in the fourth 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 last quarter. Ceera Investments LLC increased its stake in shares of Couchbase by 3.0% in the fourth quarter. Ceera Investments LLC now owns 32,920 shares of the company's stock worth $513,000 after buying an additional 960 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Couchbase by 5.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,361 shares of the company's stock worth $349,000 after acquiring an additional 1,076 shares during the period. Finally, MetLife Investment Management LLC boosted its position in shares of Couchbase by 5.9% during the fourth quarter. MetLife Investment Management LLC now owns 24,172 shares of the company's stock valued at $377,000 after purchasing an additional 1,342 shares in the last quarter. 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.