Couchbase (NASDAQ:BASE) Hits New 12-Month High - Time to Buy?

Couchbase, Inc. (NASDAQ:BASE - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $17.98 and last traded at $17.64, with a volume of 1704522 shares trading hands. The stock had previously closed at $17.11.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BASE. UBS Group cut their price objective on Couchbase from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Needham & Company LLC reissued a "buy" rating and issued a $22.00 price objective on shares of Couchbase in a research report on Wednesday, February 26th. Morgan Stanley dropped their target price on shares of Couchbase from $23.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Barclays reduced their price target on shares of Couchbase from $23.00 to $22.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. Finally, Piper Sandler dropped their price objective on shares of Couchbase from $22.00 to $16.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $21.41.

Couchbase Trading Down 1.4 %

The stock has a market capitalization of $949.53 million, a P/E ratio of -10.99 and a beta of 0.85. The firm's fifty day moving average is $15.53 and its 200-day moving average is $16.73.

Couchbase (NASDAQ:BASE - Get Free Report) last posted its earnings results 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). The firm had revenue of $54.92 million during the quarter, compared to the consensus estimate of $53.25 million. Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. Equities research analysts expect that Couchbase, Inc. will post -1.48 EPS for the current year.

Insider Activity at Couchbase

In other Couchbase news, SVP Margaret Chow sold 15,000 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $18.31, for a total transaction of $274,650.00. Following the transaction, the senior vice president now directly owns 133,067 shares in the company, valued at approximately $2,436,456.77. This represents a 10.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Huw Owen sold 15,938 shares of the business's stock in a transaction that occurred on Friday, March 28th. The stock was 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 trade represents a 3.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,658 shares of company stock valued at $709,172 over the last ninety days. 16.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Couchbase

Hedge funds have recently modified their holdings of the business. Quarry LP bought a new stake in shares of Couchbase in the fourth quarter worth $35,000. Daiwa Securities Group Inc. boosted its stake in Couchbase by 22.2% in the 4th 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 during the period. Summit Investment Advisors Inc. grew 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 valued at $65,000 after acquiring an additional 807 shares in the last quarter. CWM LLC increased its holdings in shares of Couchbase by 272.9% during the first quarter. CWM LLC now owns 4,191 shares of the company's stock worth $66,000 after purchasing an additional 3,067 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in Couchbase during the 4th quarter worth $112,000. Institutional investors and hedge funds 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.