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

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

Analyst Upgrades and Downgrades

BASE has been the topic of several research analyst reports. UBS Group decreased their price target on Couchbase from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Stifel Nicolaus increased their price target on Couchbase from $20.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Truist Financial assumed coverage on shares of Couchbase in a research report on Thursday, December 12th. They issued a “buy” rating and a $21.00 price objective for the company. DA Davidson reaffirmed a “buy” rating and set a $25.00 price target on shares of Couchbase in a research report on Wednesday, December 4th. Finally, Royal Bank of Canada reduced their price target on shares of Couchbase from $25.00 to $22.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.19.

Couchbase Stock Up 1.5 %

The company’s fifty day simple moving average is $16.89 and its two-hundred day simple moving average is $16.69. The company has a market capitalization of $757.48 million, a price-to-earnings ratio of -9.04 and a beta of 0.81.

Couchbase (NASDAQ:BASE) last announced its quarterly earnings data on Tuesday, February 25th. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.22). The firm had revenue of $54.92 million during the quarter, compared to the consensus estimate of $53.25 million. Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. Equities research analysts expect that Couchbase, Inc. will post -1.48 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Huw Owen sold 2,993 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $16.02, for a total value of $47,947.86. Following the completion of the sale, the senior vice president now owns 325,993 shares in the company, valued at $5,222,407.86. This represents a 0.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Margaret Chow sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $18.31, for a total transaction of $274,650.00. Following the sale, the senior vice president now owns 133,067 shares of the company’s stock, valued at $2,436,456.77. This trade represents a 10.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 51,030 shares of company stock worth $892,581 in the last three months. 16.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Couchbase

A number of large investors have recently modified their holdings of BASE. Quarry LP purchased a new position in shares of Couchbase during the fourth quarter worth approximately $35,000. Daiwa Securities Group Inc. increased its position in Couchbase by 22.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company’s stock valued at $65,000 after purchasing an additional 759 shares during the period. Summit Investment Advisors Inc. increased its stake in shares of Couchbase by 24.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,161 shares of the company’s stock worth $65,000 after acquiring an additional 807 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Couchbase in the 4th quarter worth about $112,000. Finally, Dark Forest Capital Management LP bought a new position in shares of Couchbase in the 4th quarter worth about $165,000. 96.07% of the stock is currently owned by institutional investors.

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.