Couchbase (NASDAQ:BASE) Stock Price Down 9.9% – What’s Next?

Couchbase, Inc. (NASDAQ:BASE)’s stock price dropped 9.9% during mid-day trading on Monday . The company traded as low as $15.31 and last traded at $15.14. Approximately 49,174 shares traded hands during trading, a decline of 90% from the average daily volume of 509,097 shares. The stock had previously closed at $16.80.

Analyst Ratings Changes

BASE has been the topic of a number of recent research reports. Stifel Nicolaus boosted their price target on shares of Couchbase from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. The Goldman Sachs Group cut their target price on shares of Couchbase from $18.00 to $16.00 and set a “sell” rating on the stock in a research note on Thursday, February 27th. Robert W. Baird lowered their price target on Couchbase from $27.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday, December 4th. Guggenheim decreased their price objective on Couchbase from $30.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Finally, Wells Fargo & Company decreased their price target on Couchbase from $23.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Couchbase presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.19.

Couchbase Trading Down 2.8 %

The stock has a fifty day simple moving average of $17.20 and a 200-day simple moving average of $16.94. The stock has a market cap of $772.13 million, a price-to-earnings ratio of -9.22 and a beta of 0.81.

Couchbase (NASDAQ:BASE) last announced its quarterly earnings data on Tuesday, February 25th. The company reported ($0.30) 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. Sell-side analysts forecast that Couchbase, Inc. will post -1.48 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Huw Owen sold 2,993 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $16.02, for a total transaction of $47,947.86. Following the completion of the transaction, the senior vice president now owns 325,993 shares in the company, valued at $5,222,407.86. This trade represents a 0.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Margaret Chow sold 15,000 shares of Couchbase stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $18.31, for a total value of $274,650.00. Following the completion of the transaction, the senior vice president now owns 133,067 shares of the company’s stock, valued at approximately $2,436,456.77. The trade was a 10.13 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,883 shares of company stock worth $950,915. 16.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Couchbase

A number of institutional investors have recently made changes to their positions in the stock. Hood River Capital Management LLC lifted its holdings in shares of Couchbase by 38.2% in the fourth quarter. Hood River Capital Management LLC now owns 2,738,468 shares of the company’s stock valued at $42,693,000 after purchasing an additional 756,394 shares in the last quarter. Wasatch Advisors LP grew its position in shares of Couchbase by 72.0% in the fourth quarter. Wasatch Advisors LP now owns 1,703,267 shares of the company’s stock valued at $26,554,000 after purchasing an additional 712,936 shares during the last quarter. Franklin Resources Inc. raised its stake in Couchbase by 26.8% in the fourth quarter. Franklin Resources Inc. now owns 2,089,104 shares of the company’s stock valued at $32,569,000 after purchasing an additional 441,770 shares in the last quarter. Portolan Capital Management LLC grew its position in Couchbase by 77.8% in the third quarter. Portolan Capital Management LLC now owns 874,795 shares of the company’s stock valued at $14,102,000 after acquiring an additional 382,851 shares during the last quarter. Finally, 272 Capital LP bought a new position in Couchbase in the third quarter valued at about $3,720,000. 96.07% of the stock is owned by institutional investors and hedge funds.

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.