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

Couchbase, Inc. (NASDAQ:BASE) Director Edward T. Anderson bought 21,080 shares of the stock in a transaction dated Thursday, September 19th. The stock was purchased at an average cost of $14.16 per share, for a total transaction of $298,492.80. Following the acquisition, the director now owns 85,902 shares in the company, valued at approximately $1,216,372.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Couchbase Stock Performance

Shares of Couchbase stock opened at $14.59 on Wednesday. The firm has a fifty day moving average of $17.39 and a two-hundred day moving average of $21.12. The stock has a market capitalization of $734.02 million, a price-to-earnings ratio of -8.90 and a beta of 0.61. Couchbase, Inc. has a 52 week low of $13.53 and a 52 week high of $32.00.

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BASE. Piper Sandler Companies initiated coverage on shares of Couchbase in a research note on Friday, August 16th. They set an “overweight” rating and a $22.00 price objective on the stock. Guggenheim reaffirmed a “buy” rating and set a $30.00 price target on shares of Couchbase in a report on Tuesday, June 25th. Barclays reduced their price objective on Couchbase from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 5th. UBS Group lowered their target price on Couchbase from $24.00 to $19.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Finally, DA Davidson reduced their price target on shares of Couchbase from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $22.93.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. NBC Securities Inc. acquired a new stake in Couchbase in the first quarter worth $26,000. Ashton Thomas Private Wealth LLC acquired a new stake in Couchbase during the 2nd quarter worth $47,000. Point72 Hong Kong Ltd bought a new position in Couchbase during the second quarter worth about $67,000. Harbor Capital Advisors Inc. grew its stake in Couchbase by 23.0% in the second quarter. Harbor Capital Advisors Inc. now owns 6,012 shares of the company’s stock valued at $110,000 after acquiring an additional 1,125 shares during the period. Finally, StepStone Group LP bought a new stake in shares of Couchbase in the fourth quarter worth about $133,000. 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.