Couchbase (NASDAQ:BASE) Stock Price Up 5% - Time to Buy?

Couchbase, Inc. (NASDAQ:BASE - Get Free Report) was up 5% during mid-day trading on Friday . The company traded as high as $15.85 and last traded at $15.40. Approximately 400,129 shares were traded during mid-day trading, a decline of 22% from the average daily volume of 510,288 shares. The stock had previously closed at $14.66.

Analyst Upgrades and Downgrades

BASE has been the subject of a number of analyst reports. Barclays reduced their price objective on Couchbase from $23.00 to $22.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. Morgan Stanley lowered their price target on shares of Couchbase from $25.00 to $23.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 26th. UBS Group cut their price objective on shares of Couchbase from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. Piper Sandler boosted their target price on shares of Couchbase from $21.00 to $22.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. Finally, Truist Financial assumed coverage on shares of Couchbase in a research note on Thursday, December 12th. They issued a "buy" rating and a $21.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Couchbase has an average rating of "Moderate Buy" and an average target price of $22.19.

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Couchbase Stock Up 2.5 %

The business's 50 day simple moving average is $16.74 and its 200 day simple moving average is $16.64. The company has a market capitalization of $857.57 million, a PE ratio of -10.09 and a beta of 0.81.

Couchbase (NASDAQ:BASE - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported ($0.30) earnings per share 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 net margin of 39.31% and a negative return on equity of 57.22%. On average, analysts anticipate that Couchbase, Inc. will post -1.48 earnings per share for the current fiscal year.

Insider Activity at Couchbase

In other news, SVP Huw Owen sold 15,938 shares of the business's 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 transaction, the senior vice president now owns 427,699 shares in the company, valued at approximately $6,599,395.57. The trade was a 3.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Gregory N. Henry sold 9,820 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $17.62, for a total transaction of $173,028.40. Following the completion of the transaction, the chief financial officer now directly owns 304,555 shares of the company's stock, valued at $5,366,259.10. This trade represents a 3.12 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 59,393 shares of company stock valued at $1,023,213. Corporate insiders own 16.10% of the company's stock.

Institutional Trading of Couchbase

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Couchbase by 3.3% during the 4th quarter. Vanguard Group Inc. now owns 5,126,087 shares of the company's stock worth $79,916,000 after acquiring an additional 164,563 shares during the last quarter. Hood River Capital Management LLC grew its stake in shares of Couchbase by 38.2% during the fourth quarter. Hood River Capital Management LLC now owns 2,738,468 shares of the company's stock worth $42,693,000 after purchasing an additional 756,394 shares during the period. EVR Research LP increased its holdings in Couchbase by 2.0% in the fourth quarter. EVR Research LP now owns 2,590,000 shares of the company's stock valued at $40,378,000 after purchasing an additional 50,000 shares during the last quarter. Franklin Resources Inc. lifted its stake in Couchbase by 26.8% in the fourth quarter. Franklin Resources Inc. now owns 2,089,104 shares of the company's stock valued at $32,569,000 after buying an additional 441,770 shares during the period. Finally, Wasatch Advisors LP boosted its holdings in Couchbase by 72.0% during the fourth quarter. Wasatch Advisors LP now owns 1,703,267 shares of the company's stock worth $26,554,000 after buying an additional 712,936 shares during 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.