Couchbase (NASDAQ:BASE) Trading 7.9% Higher - Should You Buy?

Couchbase, Inc. (NASDAQ:BASE - Get Free Report)'s stock price rose 7.9% during mid-day trading on Tuesday . The stock traded as high as $18.31 and last traded at $18.46. Approximately 278,479 shares were traded during mid-day trading, a decline of 35% from the average daily volume of 426,754 shares. The stock had previously closed at $17.11.

Analysts Set New Price Targets

BASE has been the subject of several recent analyst reports. Wedbush started coverage on Couchbase in a research note on Thursday, October 17th. They issued an "outperform" rating and a $26.00 price target for the company. Guggenheim reaffirmed a "buy" rating and issued a $30.00 target price on shares of Couchbase in a research report on Wednesday, December 4th. Piper Sandler reaffirmed an "overweight" rating and issued a $21.00 target price on shares of Couchbase in a research report on Wednesday, December 4th. DA Davidson reaffirmed a "buy" rating and issued a $25.00 target price on shares of Couchbase in a research report on Wednesday, December 4th. Finally, Robert W. Baird lowered their price objective on Couchbase from $27.00 to $25.00 and set an "outperform" rating on the stock in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $23.13.

Couchbase Trading Up 2.1 %

The stock has a fifty day moving average of $16.77 and a two-hundred day moving average of $17.05. The stock has a market capitalization of $928.69 million, a price-to-earnings ratio of -11.09 and a beta of 0.79.

Couchbase (NASDAQ:BASE - Get Free Report) last released its earnings results on Tuesday, December 3rd. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.27). Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. During the same period last year, the firm earned ($0.34) earnings per share. Equities analysts expect that Couchbase, Inc. will post -1.48 earnings per share for the current year.

Insider Activity at Couchbase

In related news, SVP Huw Owen sold 14,742 shares of the business's stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $18.05, for a total value of $266,093.10. Following the completion of the sale, the senior vice president now directly owns 311,251 shares in the company, valued at approximately $5,618,080.55. The trade was a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Gregory N. Henry sold 3,853 shares of the business's stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $15.14, for a total value of $58,334.42. Following the completion of the sale, the chief financial officer now owns 336,679 shares of the company's stock, valued at approximately $5,097,320.06. This trade represents a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,075 shares of company stock valued at $504,083. 16.10% of the stock is owned by insiders.

Institutional Trading of Couchbase

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BASE. Point72 Asset Management L.P. boosted its stake in shares of Couchbase by 5.7% in the 2nd quarter. Point72 Asset Management L.P. now owns 13,000 shares of the company's stock worth $237,000 after buying an additional 700 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in Couchbase by 15.9% in the third quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company's stock worth $112,000 after acquiring an additional 956 shares in the last quarter. SG Americas Securities LLC grew its position in Couchbase by 12.2% in the fourth quarter. SG Americas Securities LLC now owns 13,546 shares of the company's stock worth $211,000 after acquiring an additional 1,472 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Couchbase by 9.9% in the second quarter. The Manufacturers Life Insurance Company now owns 20,770 shares of the company's stock worth $379,000 after acquiring an additional 1,865 shares in the last quarter. Finally, Alpha DNA Investment Management LLC boosted its position in Couchbase by 20.4% during the third quarter. Alpha DNA Investment Management LLC now owns 27,306 shares of the company's stock valued at $440,000 after buying an additional 4,629 shares during the period. 96.07% of the stock is 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.