Couchbase (NASDAQ:BASE) Trading Down 4.4%

Couchbase, Inc. (NASDAQ:BASE - Get Free Report) shares dropped 4.4% during trading on Monday . The company traded as low as $24.26 and last traded at $24.34. Approximately 235,151 shares were traded during mid-day trading, a decline of 52% from the average daily volume of 485,563 shares. The stock had previously closed at $25.47.

Wall Street Analyst Weigh In

BASE has been the subject of several research analyst reports. Oppenheimer lifted their price target on Couchbase from $25.00 to $36.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 6th. DA Davidson upped their target price on Couchbase from $27.00 to $35.00 and gave the stock a "buy" rating in a research note on Wednesday, March 6th. Robert W. Baird lifted their price target on shares of Couchbase from $28.00 to $35.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 6th. Stifel Nicolaus boosted their price objective on shares of Couchbase from $24.00 to $33.00 and gave the stock a "buy" rating in a report on Wednesday, March 6th. Finally, The Goldman Sachs Group increased their target price on shares of Couchbase from $20.00 to $30.00 and gave the company a "neutral" rating in a report on Thursday, March 7th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Couchbase has a consensus rating of "Moderate Buy" and a consensus price target of $32.40.

Couchbase Stock Performance

The stock has a market cap of $1.23 billion, a P/E ratio of -14.47 and a beta of 0.69. The firm has a 50-day moving average price of $26.32 and a 200-day moving average price of $22.91.

Couchbase (NASDAQ:BASE - Get Free Report) last issued its quarterly earnings results on Tuesday, March 5th. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.35) by $0.03. The company had revenue of $50.09 million for the quarter, compared to analysts' expectations of $46.56 million. Couchbase had a negative return on equity of 54.61% and a negative net margin of 44.54%. On average, research analysts predict that Couchbase, Inc. will post -1.42 earnings per share for the current year.

Insider Buying and Selling

In other Couchbase news, SVP Margaret Chow sold 4,620 shares of the company's stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $27.50, for a total value of $127,050.00. Following the sale, the senior vice president now owns 162,103 shares in the company, valued at $4,457,832.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Gregory N. Henry sold 18,747 shares of the firm's stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $27.84, for a total transaction of $521,916.48. Following the completion of the transaction, the chief financial officer now owns 330,652 shares of the company's stock, valued at approximately $9,205,351.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Margaret Chow sold 4,620 shares of Couchbase stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $27.50, for a total value of $127,050.00. Following the transaction, the senior vice president now owns 162,103 shares of the company's stock, valued at approximately $4,457,832.50. The disclosure for this sale can be found here. Insiders sold a total of 60,228 shares of company stock worth $1,652,692 in the last three months. 22.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Couchbase

Institutional investors and hedge funds have recently modified their holdings of the stock. NBC Securities Inc. bought a new position in Couchbase in the 1st quarter worth about $26,000. Quadrature Capital Ltd bought a new position in shares of Couchbase in the fourth quarter worth approximately $477,000. Readystate Asset Management LP grew its holdings in shares of Couchbase by 58.6% during the fourth quarter. Readystate Asset Management LP now owns 143,448 shares of the company's stock valued at $3,230,000 after buying an additional 53,000 shares during the last quarter. Board of Trustees of The Leland Stanford Junior University purchased a new stake in shares of Couchbase during the fourth quarter valued at approximately $635,000. Finally, StepStone Group LP purchased a new position in Couchbase in the 4th quarter worth approximately $133,000. 96.07% of the stock is currently owned by institutional investors.

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.