Couchbase (NASDAQ:BASE) Sets New 12-Month High - Still a Buy?

Couchbase, Inc. (NASDAQ:BASE - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $17.98 and last traded at $17.64, with a volume of 1704522 shares changing hands. The stock had previously closed at $17.11.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BASE. The Goldman Sachs Group dropped their target price on Couchbase from $18.00 to $16.00 and set a "sell" rating for the company in a report on Thursday, February 27th. Wells Fargo & Company dropped their price objective on Couchbase from $23.00 to $20.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. Royal Bank of Canada decreased their target price on shares of Couchbase from $25.00 to $22.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Barclays dropped their price target on shares of Couchbase from $23.00 to $22.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. Finally, UBS Group decreased 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Couchbase presently has a consensus rating of "Moderate Buy" and an average target price of $21.41.

Couchbase Stock Performance

The stock has a market cap of $933.60 million, a P/E ratio of -10.85 and a beta of 0.83. The firm has a 50-day moving average price of $15.51 and a 200-day moving average price of $16.73.

Couchbase (NASDAQ:BASE - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm had revenue of $54.92 million during the quarter, compared to the consensus estimate of $53.25 million. On average, research analysts predict 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 15,938 shares of the 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 sale, the senior vice president now directly owns 427,699 shares of the company's stock, valued at approximately $6,599,395.57. This represents a 3.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 16.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Couchbase

A number of institutional investors have recently made changes to their positions in the company. Quarry LP bought a new position in Couchbase in the 4th quarter valued at approximately $35,000. Summit Investment Advisors Inc. raised its stake in shares of 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. Daiwa Securities Group Inc. lifted its holdings in shares of Couchbase by 22.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company's stock valued at $65,000 after purchasing an additional 759 shares in the last quarter. CWM LLC lifted its stake in Couchbase by 272.9% during the 1st quarter. CWM LLC now owns 4,191 shares of the company's stock valued at $66,000 after acquiring an additional 3,067 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in Couchbase during the fourth quarter valued at approximately $112,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

Couchbase Company Profile

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.