Edward T. Anderson Acquires 21,080 Shares of Couchbase, Inc. (NASDAQ:BASE) Stock

Couchbase, Inc. (NASDAQ:BASE) Director Edward T. Anderson purchased 21,080 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were purchased at an average cost of $14.16 per share, with a total value of $298,492.80. Following the completion of the purchase, the director now directly owns 85,902 shares in the company, valued at $1,216,372.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Couchbase Trading Up 4.3 %

Shares of BASE stock opened at $14.59 on Wednesday. The firm has a market capitalization of $734.02 million, a P/E ratio of -8.90 and a beta of 0.61. Couchbase, Inc. has a 1 year low of $13.53 and a 1 year high of $32.00. The firm’s fifty day simple moving average is $17.39 and its 200 day simple moving average is $21.12.

Couchbase (NASDAQ:BASE) last posted its quarterly earnings data on Wednesday, September 4th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.03. Couchbase had a negative net margin of 39.51% and a negative return on equity of 54.84%. The company had revenue of $51.60 million for the quarter, compared to the consensus estimate of $51.11 million. During the same quarter in the previous year, the firm posted ($0.44) EPS. The business’s revenue was up 19.7% compared to the same quarter last year. Equities research analysts anticipate that Couchbase, Inc. will post -1.5 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on BASE shares. DA Davidson dropped their price objective on Couchbase from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Robert W. Baird reduced their price objective on shares of Couchbase from $32.00 to $27.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th. Guggenheim reissued a “buy” rating and set a $30.00 target price on shares of Couchbase in a research report on Tuesday, June 25th. Wells Fargo & Company cut their target price on Couchbase from $30.00 to $23.00 and set an “overweight” rating on the stock in a report on Thursday, September 5th. Finally, Stifel Nicolaus decreased their price target on Couchbase from $25.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Couchbase currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.93.

Institutional Trading of Couchbase

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Couchbase by 6.0% in the first quarter. Vanguard Group Inc. now owns 4,029,423 shares of the company’s stock valued at $106,014,000 after purchasing an additional 227,828 shares in the last quarter. EVR Research LP lifted its holdings in shares of Couchbase by 9.4% during the 2nd quarter. EVR Research LP now owns 2,081,585 shares of the company’s stock worth $38,010,000 after acquiring an additional 179,585 shares during the period. Hood River Capital Management LLC boosted its position in shares of Couchbase by 7.8% during the 2nd quarter. Hood River Capital Management LLC now owns 1,629,893 shares of the company’s stock valued at $29,762,000 after acquiring an additional 118,372 shares in the last quarter. Pembroke Management LTD increased its stake in Couchbase by 18.1% in the second quarter. Pembroke Management LTD now owns 809,876 shares of the company’s stock valued at $14,788,000 after acquiring an additional 123,927 shares during the period. Finally, Lord Abbett & CO. LLC acquired a new position in Couchbase in the first quarter worth about $9,059,000. Institutional investors own 96.07% of the company’s stock.

About Couchbase

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.