Couchbase (NASDAQ:BASE) Hits New 52-Week Low at $13.55

Couchbase, Inc. (NASDAQ:BASE - Get Free Report)'s stock price reached a new 52-week low on Monday . The company traded as low as $13.55 and last traded at $13.60, with a volume of 17499 shares traded. The stock had previously closed at $13.67.

Analyst Ratings Changes

A number of brokerages have commented on BASE. UBS Group reduced their price target on shares of Couchbase from $24.00 to $19.00 and set a "neutral" rating on the stock in a research report on Thursday, September 5th. Needham & Company LLC reaffirmed a "buy" rating and set a $22.00 target price on shares of Couchbase in a report on Thursday, September 5th. Robert W. Baird lowered their price target on shares of Couchbase from $32.00 to $27.00 and set an "outperform" rating for the company in a research note on Thursday, September 5th. Stifel Nicolaus reduced their price objective on Couchbase from $25.00 to $20.00 and set a "buy" rating on the stock in a research note on Thursday, September 5th. Finally, Wells Fargo & Company decreased their price objective on Couchbase from $30.00 to $23.00 and set an "overweight" rating on the stock in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $22.93.

Couchbase Stock Performance

The stock has a market capitalization of $703.84 million, a P/E ratio of -8.34 and a beta of 0.61. The stock has a 50-day moving average price of $17.57 and a two-hundred day moving average price of $21.32.

Couchbase (NASDAQ:BASE - Get Free Report) last issued its quarterly earnings data on Wednesday, September 4th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.09) by $0.03. Couchbase had a negative net margin of 39.51% and a negative return on equity of 54.84%. The business had revenue of $51.60 million for the quarter, compared to the consensus estimate of $51.11 million. During the same period in the previous year, the firm earned ($0.44) EPS. The company's quarterly revenue was up 19.7% compared to the same quarter last year. Equities analysts anticipate that Couchbase, Inc. will post -1.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Margaret Chow sold 2,290 shares of Couchbase stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $20.00, for a total transaction of $45,800.00. Following the sale, the senior vice president now directly owns 192,458 shares in the company, valued at $3,849,160. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Couchbase news, Director Edward T. Anderson bought 21,080 shares of the stock in a transaction dated Thursday, September 19th. The stock was purchased at an average cost of $14.16 per share, for a total transaction of $298,492.80. Following the completion of the acquisition, the director now owns 85,902 shares of the company's stock, valued at $1,216,372.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Margaret Chow sold 2,290 shares of the business's stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $20.00, for a total value of $45,800.00. Following the completion of the sale, the senior vice president now directly owns 192,458 shares in the company, valued at $3,849,160. The disclosure for this sale can be found here. Insiders sold 21,220 shares of company stock worth $422,094 over the last three months. Company insiders own 16.10% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BASE. Vanguard Group Inc. increased its holdings in shares of Couchbase by 6.0% during the first quarter. Vanguard Group Inc. now owns 4,029,423 shares of the company's stock valued at $106,014,000 after acquiring an additional 227,828 shares in the last quarter. EVR Research LP increased its stake in Couchbase by 9.4% during the 2nd quarter. EVR Research LP now owns 2,081,585 shares of the company's stock valued at $38,010,000 after purchasing an additional 179,585 shares in the last quarter. Hood River Capital Management LLC raised its holdings in Couchbase by 7.8% in the second quarter. Hood River Capital Management LLC now owns 1,629,893 shares of the company's stock worth $29,762,000 after buying an additional 118,372 shares during the last quarter. Pembroke Management LTD lifted its stake in shares of Couchbase by 18.1% in the second quarter. Pembroke Management LTD now owns 809,876 shares of the company's stock worth $14,788,000 after buying an additional 123,927 shares in the last quarter. Finally, Lord Abbett & CO. LLC purchased a new stake in shares of Couchbase during the first quarter valued at approximately $9,059,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

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.