Short Interest in Couchbase, Inc. (NASDAQ:BASE) Expands By 21.5%

Couchbase, Inc. (NASDAQ:BASE - Get Free Report) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totalling 1,470,000 shares, an increase of 21.5% from the March 15th total of 1,210,000 shares. Approximately 4.2% of the shares of the company are short sold. Based on an average trading volume of 502,000 shares, the short-interest ratio is currently 2.9 days.

Insider Buying and Selling at Couchbase

In other news, SVP Huw Owen sold 11,581 shares of the stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $26.79, for a total value of $310,254.99. Following the completion of the transaction, the senior vice president now owns 441,454 shares in the company, valued at approximately $11,826,552.66. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, SVP Huw Owen sold 11,581 shares of the business's stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $26.79, for a total value of $310,254.99. Following the sale, the senior vice president now owns 441,454 shares of the company's stock, valued at approximately $11,826,552.66. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Margaret Chow sold 4,620 shares of the business's stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $27.50, for a total transaction of $127,050.00. Following the completion of the sale, the senior vice president now owns 162,103 shares in the company, valued at approximately $4,457,832.50. The disclosure for this sale can be found here. Insiders sold a total of 55,051 shares of company stock valued at $1,531,812 in the last quarter. Corporate insiders own 22.50% of the company's stock.

Hedge Funds Weigh In On Couchbase

Hedge funds have recently made changes to their positions in the business. NBC Securities Inc. bought a new position in Couchbase in the first quarter valued at $26,000. Metropolitan Life Insurance Co NY acquired a new position in Couchbase during the first quarter valued at approximately $30,000. Ameritas Investment Partners Inc. grew its stake in Couchbase by 145.6% in the first quarter. Ameritas Investment Partners Inc. now owns 1,822 shares of the company's stock valued at $32,000 after purchasing an additional 1,080 shares in the last quarter. AJOVista LLC bought a new stake in shares of Couchbase during the 4th quarter worth approximately $74,000. Finally, US Bancorp DE bought a new position in shares of Couchbase in the fourth quarter valued at $78,000. 96.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BASE. DA Davidson increased their target price on Couchbase from $27.00 to $35.00 and gave the stock a "buy" rating in a report on Wednesday, March 6th. Oppenheimer boosted their target price on shares of Couchbase from $25.00 to $36.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 6th. Guggenheim lifted their target price on Couchbase from $27.00 to $32.00 and gave the company a "buy" rating in a research note on Wednesday, March 6th. Royal Bank of Canada upped their price target on Couchbase from $32.00 to $35.00 and gave the company an "outperform" rating in a research note on Wednesday, March 6th. Finally, Wells Fargo & Company boosted their price objective on Couchbase from $26.00 to $34.00 and gave the stock an "overweight" rating in a report on Tuesday, March 5th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Couchbase currently has an average rating of "Moderate Buy" and a consensus price target of $32.40.

Couchbase Stock Down 3.1 %

Shares of BASE traded down $0.78 on Friday, hitting $24.67. The company's stock had a trading volume of 493,220 shares, compared to its average volume of 503,264. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of -14.51 and a beta of 0.69. The firm's fifty day moving average price is $27.10 and its 200-day moving average price is $22.33. Couchbase has a fifty-two week low of $13.97 and a fifty-two week high of $32.00.

Couchbase (NASDAQ:BASE - Get Free Report) last announced its earnings results on Tuesday, March 5th. The company reported ($0.32) earnings per share for the quarter, topping analysts' consensus estimates of ($0.35) by $0.03. The firm had revenue of $50.09 million during the quarter, compared to analyst estimates of $46.56 million. Couchbase had a negative net margin of 44.54% and a negative return on equity of 54.61%. As a group, equities analysts predict that Couchbase will post -1.42 earnings per share for the current fiscal year.

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.