Couchbase (NASDAQ:BASE) Shares Up 4.3% – Time to Buy?

Shares of Couchbase, Inc. (NASDAQ:BASE) rose 4.3% during mid-day trading on Thursday . The company traded as high as $13.95 and last traded at $14.16. Approximately 96,195 shares were traded during trading, a decline of 81% from the average daily volume of 501,803 shares. The stock had previously closed at $13.58.

Analysts Set New Price Targets

Several equities research analysts have issued reports on BASE shares. Barclays lowered their price target on shares of Couchbase from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $22.00 price target on shares of Couchbase in a research note on Wednesday, February 26th. Robert W. Baird lowered their target price on Couchbase from $27.00 to $25.00 and set an “outperform” rating for the company in a research note on Wednesday, December 4th. Royal Bank of Canada lowered their target price on Couchbase from $25.00 to $22.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Finally, Wells Fargo & Company cut their price objective on Couchbase from $23.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $22.19.

Couchbase Stock Up 1.5 %

The stock has a market capitalization of $757.48 million, a P/E ratio of -9.04 and a beta of 0.81. The firm has a fifty day moving average price of $16.89 and a two-hundred day moving average price of $16.69.

Couchbase (NASDAQ:BASE) last announced its earnings results on Tuesday, February 25th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts’ expectations of $53.25 million. Sell-side analysts anticipate that Couchbase, Inc. will post -1.48 earnings per share for the current fiscal year.

Insider Transactions at Couchbase

In other news, SVP Margaret Chow sold 15,000 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $18.31, for a total value of $274,650.00. Following the sale, the senior vice president now owns 133,067 shares in the company, valued at $2,436,456.77. This represents a 10.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Huw Owen sold 7,575 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $15.22, for a total value of $115,291.50. Following the transaction, the senior vice president now directly owns 341,709 shares of the company’s stock, valued at $5,200,810.98. The trade was a 2.17 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 51,030 shares of company stock worth $892,581. 16.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Couchbase

Several hedge funds and other institutional investors have recently made changes to their positions in BASE. Mackenzie Financial Corp acquired a new stake in Couchbase during the fourth quarter worth $382,000. Two Sigma Advisers LP boosted its holdings in Couchbase by 32.4% in the fourth quarter. Two Sigma Advisers LP now owns 47,800 shares of the company’s stock valued at $745,000 after purchasing an additional 11,700 shares during the period. ProShare Advisors LLC boosted its holdings in Couchbase by 36.7% in the fourth quarter. ProShare Advisors LLC now owns 14,828 shares of the company’s stock valued at $231,000 after purchasing an additional 3,979 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Couchbase by 5.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,361 shares of the company’s stock valued at $349,000 after purchasing an additional 1,076 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in Couchbase by 5.8% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 588,439 shares of the company’s stock valued at $9,174,000 after purchasing an additional 32,078 shares during the period. Institutional investors and hedge funds 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.