Couchbase (NASDAQ:BASE) Shares Up 7.9% – Should You Buy?

Couchbase, Inc. (NASDAQ:BASE)’s stock price was up 7.9% on Tuesday . The stock traded as high as $18.31 and last traded at $18.46. Approximately 278,479 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 426,754 shares. The stock had previously closed at $17.11.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BASE shares. Wedbush initiated coverage on shares of Couchbase in a research note on Thursday, October 17th. They issued an “outperform” rating and a $26.00 price target for the company. Morgan Stanley decreased their price objective on shares of Couchbase from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 4th. Guggenheim reissued a “buy” rating and issued a $30.00 target price on shares of Couchbase in a report on Wednesday, December 4th. Barclays lifted their price target on Couchbase from $19.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, Robert W. Baird dropped their price objective on Couchbase from $27.00 to $25.00 and set an “outperform” rating on the stock in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $23.13.

Couchbase Price Performance

The stock has a market cap of $909.84 million, a price-to-earnings ratio of -10.86 and a beta of 0.79. The company’s 50 day moving average is $16.83 and its 200 day moving average is $17.07.

Couchbase (NASDAQ:BASE) last released its quarterly earnings results on Tuesday, December 3rd. The company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.27). Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. During the same period last year, the firm earned ($0.34) earnings per share. Sell-side analysts predict that Couchbase, Inc. will post -1.48 earnings per share for the current year.

Insider Buying and Selling at Couchbase

In other Couchbase news, CFO Gregory N. Henry sold 3,853 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $15.14, for a total transaction of $58,334.42. Following the transaction, the chief financial officer now owns 336,679 shares of the company’s stock, valued at $5,097,320.06. This trade represents a 1.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Huw Owen sold 7,575 shares of Couchbase stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $15.22, for a total transaction of $115,291.50. Following the completion of the transaction, the senior vice president now directly owns 341,709 shares of the company’s stock, valued at $5,200,810.98. This trade represents a 2.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,975 shares of company stock valued at $518,645. Company insiders own 16.10% of the company’s stock.

Institutional Trading of Couchbase

Several hedge funds have recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. boosted its position in shares of Couchbase by 15.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company’s stock valued at $112,000 after purchasing an additional 956 shares during the period. SG Americas Securities LLC increased its position in Couchbase by 12.2% during the fourth quarter. SG Americas Securities LLC now owns 13,546 shares of the company’s stock worth $211,000 after buying an additional 1,472 shares during the last quarter. Point72 Asset Management L.P. raised its stake in shares of Couchbase by 5.7% in the 2nd quarter. Point72 Asset Management L.P. now owns 13,000 shares of the company’s stock valued at $237,000 after acquiring an additional 700 shares in the last quarter. Creative Planning lifted its stake in shares of Couchbase by 59.0% in the third quarter. Creative Planning now owns 17,335 shares of the company’s stock worth $279,000 after buying an additional 6,433 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in Couchbase by 147.8% during the third quarter. US Bancorp DE now owns 19,528 shares of the company’s stock valued at $315,000 after acquiring an additional 11,648 shares during the period. Institutional investors 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.