Couchbase, Inc. (NASDAQ:BASE) Short Interest Down 22.3% in July

Couchbase, Inc. (NASDAQ:BASE – Get Rating) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totalling 1,500,000 shares, a decrease of 22.3% from the June 30th total of 1,930,000 shares. Approximately 6.7% of the company’s stock are short sold. Based on an average daily trading volume, of 317,000 shares, the short-interest ratio is presently 4.7 days.

Couchbase Trading Up 1.8 %

Shares of Couchbase stock opened at $15.51 on Tuesday. Couchbase has a 52 week low of $11.68 and a 52 week high of $52.26. The firm’s 50 day moving average is $15.76 and its two-hundred day moving average is $17.54.

Couchbase (NASDAQ:BASE – Get Rating) last posted its quarterly earnings data on Wednesday, June 8th. The company reported ($0.32) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.07. The business had revenue of $34.90 million during the quarter, compared to the consensus estimate of $32.62 million. Couchbase had a negative return on equity of 33.71% and a negative net margin of 48.65%. The firm’s revenue was up 24.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Couchbase will post -1.72 EPS for the current year.

Wall Street Analysts Forecast Growth

BASE has been the topic of a number of recent research reports. Morgan Stanley upped their target price on shares of Couchbase from $17.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 9th. Barclays cut their target price on shares of Couchbase from $26.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, May 20th. The Goldman Sachs Group cut their target price on shares of Couchbase from $28.00 to $25.00 and set a “neutral” rating on the stock in a research note on Thursday, June 9th. DA Davidson initiated coverage on shares of Couchbase in a research note on Tuesday, June 14th. They set a “buy” rating and a $21.00 target price on the stock. Finally, Robert W. Baird cut their target price on shares of Couchbase from $35.00 to $25.00 and set an “outperform” rating on the stock in a research note on Friday, June 10th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.88.

Institutional Investors Weigh In On Couchbase

Several large investors have recently modified their holdings of BASE. West Rim Capital Associates II L.P. acquired a new stake in shares of Couchbase in the fourth quarter valued at approximately $85,017,000. Vanguard Group Inc. boosted its holdings in shares of Couchbase by 170.4% in the first quarter. Vanguard Group Inc. now owns 2,070,537 shares of the company’s stock valued at $36,069,000 after acquiring an additional 1,304,895 shares during the period. First Trust Advisors LP acquired a new stake in shares of Couchbase in the fourth quarter valued at approximately $29,774,000. Candriam Luxembourg S.C.A. acquired a new stake in shares of Couchbase in the fourth quarter valued at approximately $21,417,000. Finally, BlackRock Inc. boosted its holdings in shares of Couchbase by 90.5% in the first quarter. BlackRock Inc. now owns 1,203,014 shares of the company’s stock valued at $20,956,000 after acquiring an additional 571,620 shares during the period. 62.93% of the stock is owned by institutional investors and hedge funds.

Couchbase Company Profile

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Couchbase, Inc provides a database for enterprise applications worldwide. 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 Server, a multi-service NoSQL database, which provides SQL-compatible query language and SQL++, that allows for a various array of data manipulation functions; and 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.

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