Short Interest in Couchbase, Inc. (NASDAQ:BASE) Declines By 6.8%

Couchbase, Inc. (NASDAQ:BASEGet Free Report) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 815,200 shares, a drop of 6.8% from the December 31st total of 874,600 shares. Based on an average daily volume of 343,600 shares, the days-to-cover ratio is currently 2.4 days. Approximately 2.4% of the shares of the company are short sold.

Insider Buying and Selling

In other Couchbase news, CFO Gregory N. Henry sold 15,957 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $23.59, for a total transaction of $376,425.63. Following the transaction, the chief financial officer now directly owns 403,158 shares in the company, valued at $9,510,497.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CFO Gregory N. Henry sold 15,957 shares of Couchbase stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $23.59, for a total transaction of $376,425.63. Following the completion of the sale, the chief financial officer now directly owns 403,158 shares in the company, valued at $9,510,497.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO William Robert Carey sold 1,287 shares of the stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $23.59, for a total transaction of $30,360.33. Following the transaction, the chief accounting officer now owns 53,230 shares in the company, valued at $1,255,695.70. The disclosure for this sale can be found here. Insiders sold a total of 207,713 shares of company stock valued at $4,660,064 over the last three months. 22.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Couchbase

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BASE. Vanguard Group Inc. raised its holdings in shares of Couchbase by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 3,359,891 shares of the company’s stock valued at $57,656,000 after purchasing an additional 97,718 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Couchbase by 16.0% during the 2nd quarter. BlackRock Inc. now owns 2,419,606 shares of the company’s stock worth $38,278,000 after acquiring an additional 333,433 shares in the last quarter. Bamco Inc. NY increased its holdings in shares of Couchbase by 1.4% during the 4th quarter. Bamco Inc. NY now owns 2,354,581 shares of the company’s stock valued at $31,222,000 after acquiring an additional 33,046 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Couchbase by 25.3% during the 1st quarter. First Trust Advisors LP now owns 1,494,952 shares of the company’s stock valued at $26,042,000 after acquiring an additional 302,069 shares during the last quarter. Finally, Portolan Capital Management LLC raised its stake in shares of Couchbase by 24.3% in the 2nd quarter. Portolan Capital Management LLC now owns 1,409,865 shares of the company’s stock valued at $22,304,000 after acquiring an additional 276,019 shares in the last quarter. Institutional investors own 68.60% of the company’s stock.

Couchbase Stock Performance

Shares of BASE opened at $26.18 on Friday. Couchbase has a 52 week low of $12.98 and a 52 week high of $26.21. The company has a market capitalization of $1.26 billion, a PE ratio of -16.06 and a beta of 0.66. The company’s 50 day moving average price is $22.44 and its 200 day moving average price is $18.56.

Couchbase (NASDAQ:BASEGet Free Report) last issued its earnings results on Wednesday, December 6th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.10. The company had revenue of $45.81 million for the quarter, compared to analyst estimates of $43.02 million. Couchbase had a negative return on equity of 52.25% and a negative net margin of 43.94%. The business’s revenue was up 18.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.37) EPS. On average, equities analysts forecast that Couchbase will post -1.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on BASE shares. Wells Fargo & Company began coverage on shares of Couchbase in a research note on Monday, January 8th. They set an “overweight” rating and a $26.00 price objective for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $26.00 price target on shares of Couchbase in a research report on Thursday, December 14th. Oppenheimer raised their price objective on Couchbase from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Thursday, December 14th. Barclays upped their target price on Couchbase from $23.00 to $26.00 and gave the stock an “overweight” rating in a research report on Friday, January 12th. Finally, Morgan Stanley raised their target price on Couchbase from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Thursday, December 7th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $23.89.

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About Couchbase

(Get Free Report)

Couchbase, Inc provides a database 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 helps in 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.

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