Couchbase (NASDAQ:BASE) Shares Down 2.5% - Should You Sell?

Couchbase, Inc. (NASDAQ:BASE - Get Free Report) dropped 2.5% on Wednesday . The stock traded as low as $16.41 and last traded at $16.41. Approximately 37,148 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 502,424 shares. The stock had previously closed at $16.83.

Analyst Upgrades and Downgrades

BASE has been the topic of several recent analyst reports. Robert W. Baird decreased their price target on Couchbase from $32.00 to $27.00 and set an "outperform" rating on the stock in a research note on Thursday, September 5th. Stifel Nicolaus decreased their price target on Couchbase from $25.00 to $20.00 and set a "buy" rating on the stock in a research note on Thursday, September 5th. DA Davidson decreased their price target on Couchbase from $30.00 to $25.00 and set a "buy" rating on the stock in a research note on Thursday, September 5th. Morgan Stanley decreased their price target on Couchbase from $29.00 to $27.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 5th. Finally, Wells Fargo & Company decreased their price target on Couchbase from $30.00 to $23.00 and set an "overweight" rating on the stock in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $22.93.

Couchbase Trading Down 3.0 %

The business has a 50-day simple moving average of $16.40 and a 200 day simple moving average of $19.87. The stock has a market cap of $821.06 million, a P/E ratio of -9.95 and a beta of 0.59.

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

Insider Activity

In other news, CEO Matthew M. Cain sold 8,953 shares of the business's stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $20.01, for a total value of $179,149.53. Following the transaction, the chief executive officer now directly owns 776,437 shares of the company's stock, valued at $15,536,504.37. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, SVP Margaret Chow sold 2,290 shares of the company'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 transaction of $45,800.00. Following the transaction, the senior vice president now directly owns 192,458 shares of the company's stock, valued at approximately $3,849,160. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew M. Cain sold 8,953 shares of the company's stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $20.01, for a total value of $179,149.53. Following the transaction, the chief executive officer now directly owns 776,437 shares in the company, valued at approximately $15,536,504.37. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,056 shares of company stock valued at $538,135 in the last ninety days. 16.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. NBC Securities Inc. acquired a new position in Couchbase during the 1st quarter worth approximately $26,000. Ashton Thomas Private Wealth LLC acquired a new position in Couchbase during the 2nd quarter worth approximately $47,000. Point72 Hong Kong Ltd acquired a new position in Couchbase during the 2nd quarter worth approximately $67,000. Harbor Capital Advisors Inc. raised its stake in Couchbase by 23.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 6,012 shares of the company's stock worth $110,000 after buying an additional 1,125 shares during the period. Finally, Arizona State Retirement System raised its stake in Couchbase by 28.5% during the 2nd quarter. Arizona State Retirement System now owns 11,032 shares of the company's stock worth $201,000 after buying an additional 2,445 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

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.