Couchbase (NASDAQ:BASE) Trading Down 6.9%

Couchbase, Inc. (NASDAQ:BASE) traded down 6.9% during trading on Monday . The company traded as low as $18.15 and last traded at $18.17. 101,392 shares were traded during mid-day trading, a decline of 66% from the average session volume of 294,741 shares. The stock had previously closed at $19.51.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $25.00 price objective on shares of Couchbase in a research note on Wednesday, September 13th. Stifel Nicolaus lifted their price objective on shares of Couchbase from $19.00 to $22.00 in a research note on Wednesday, June 7th. Barclays dropped their price objective on shares of Couchbase from $23.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, August 18th. Robert W. Baird lifted their price objective on shares of Couchbase from $20.00 to $23.00 in a research note on Wednesday, June 7th. Finally, DA Davidson boosted their price target on shares of Couchbase from $22.00 to $24.00 in a research note on Wednesday, June 7th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $20.78.

Couchbase Trading Down 6.1 %

The business’s 50 day moving average price is $16.28 and its 200-day moving average price is $15.99.

Couchbase (NASDAQ:BASE) last issued its earnings results on Wednesday, September 6th. The company reported ($0.17) earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.05. Couchbase had a negative net margin of 46.14% and a negative return on equity of 50.50%. The company had revenue of $43.14 million for the quarter, compared to analyst estimates of $41.71 million. During the same period in the prior year, the business posted ($0.34) earnings per share. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. Research analysts predict that Couchbase, Inc. will post -1.58 EPS for the current year.

Insiders Place Their Bets

In other Couchbase news, CFO Gregory N. Henry sold 5,324 shares of the company’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $15.12, for a total transaction of $80,498.88. Following the transaction, the chief financial officer now directly owns 440,856 shares in the company, valued at $6,665,742.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Couchbase news, SVP Huw Owen sold 3,025 shares of the company’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $15.50, for a total value of $46,887.50. Following the sale, the senior vice president now owns 471,532 shares of the company’s stock, valued at $7,308,746. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gregory N. Henry sold 5,324 shares of the company’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $15.12, for a total transaction of $80,498.88. Following the completion of the sale, the chief financial officer now directly owns 440,856 shares in the company, valued at approximately $6,665,742.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,776 shares of company stock worth $184,856. 22.50% of the stock is owned by company insiders.

Institutional Trading of Couchbase

Several institutional investors and hedge funds have recently modified their holdings of the business. Legal & General Group Plc lifted its holdings in shares of Couchbase by 10.9% in the second quarter. Legal & General Group Plc now owns 6,307 shares of the company’s stock valued at $103,000 after purchasing an additional 622 shares in the last quarter. American International Group Inc. lifted its holdings in shares of Couchbase by 6.3% in the second quarter. American International Group Inc. now owns 12,403 shares of the company’s stock valued at $204,000 after purchasing an additional 736 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of Couchbase by 54.2% in the second quarter. Ameritas Investment Partners Inc. now owns 2,809 shares of the company’s stock valued at $44,000 after purchasing an additional 987 shares in the last quarter. State of Wyoming lifted its holdings in shares of Couchbase by 19.0% in the second quarter. State of Wyoming now owns 7,221 shares of the company’s stock valued at $114,000 after purchasing an additional 1,154 shares in the last quarter. Finally, Strs Ohio lifted its stake in shares of Couchbase by 8.2% during the second quarter. Strs Ohio now owns 15,900 shares of the company’s stock valued at $251,000 after buying an additional 1,200 shares during the period. Hedge funds and other institutional investors own 68.60% of the company’s stock.

Couchbase Company Profile

Couchbase, Inc provides a database 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 helps in 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.