Couchbase (NASDAQ:BASE) Trading Down 4.7%

Couchbase, Inc. (NASDAQ:BASE) shares traded down 4.7% during trading on Tuesday . The stock traded as low as $17.12 and last traded at $17.32. 110,270 shares were traded during trading, a decline of 79% from the average session volume of 516,079 shares. The stock had previously closed at $18.18.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. UBS Group assumed coverage on Couchbase in a report on Wednesday, May 22nd. They issued a “neutral” rating and a $31.00 target price for the company. Oppenheimer decreased their target price on Couchbase from $36.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, June 6th. Robert W. Baird decreased their target price on Couchbase from $35.00 to $32.00 and set an “outperform” rating for the company in a report on Thursday, June 6th. Barclays decreased their target price on Couchbase from $33.00 to $27.00 and set an “equal weight” rating for the company in a report on Thursday, June 6th. Finally, The Goldman Sachs Group lowered Couchbase from a “neutral” rating to a “sell” rating and decreased their target price for the company from $30.00 to $18.00 in a report on Thursday, June 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $28.58.

Couchbase Price Performance

The stock has a 50-day moving average price of $21.64 and a 200 day moving average price of $24.15. The firm has a market cap of $877.41 million, a price-to-earnings ratio of -10.63 and a beta of 0.61.

Couchbase (NASDAQ:BASE) last posted its earnings results on Wednesday, June 5th. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.03). Couchbase had a negative return on equity of 54.49% and a negative net margin of 41.66%. The firm had revenue of $51.33 million for the quarter, compared to analyst estimates of $48.52 million. As a group, equities research analysts predict that Couchbase, Inc. will post -1.45 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Huw Owen sold 7,792 shares of the firm’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $16.84, for a total transaction of $131,217.28. Following the transaction, the senior vice president now owns 405,123 shares of the company’s stock, valued at $6,822,271.32. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Matthew M. Cain sold 10,053 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $26.58, for a total transaction of $267,208.74. Following the transaction, the chief executive officer now owns 873,405 shares of the company’s stock, valued at $23,215,104.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Huw Owen sold 7,792 shares of the firm’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $16.84, for a total value of $131,217.28. Following the transaction, the senior vice president now directly owns 405,123 shares in the company, valued at approximately $6,822,271.32. The disclosure for this sale can be found here. Insiders have sold a total of 68,748 shares of company stock valued at $1,563,933 over the last quarter. 16.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Couchbase

A number of institutional investors have recently added to or reduced their stakes in BASE. Lord Abbett & CO. LLC purchased a new stake in Couchbase in the 1st quarter valued at approximately $9,059,000. Vanguard Group Inc. boosted its stake in shares of Couchbase by 6.0% during the 1st quarter. Vanguard Group Inc. now owns 4,029,423 shares of the company’s stock worth $106,014,000 after acquiring an additional 227,828 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of Couchbase by 346.2% in the 1st quarter. Acadian Asset Management LLC now owns 263,439 shares of the company’s stock worth $6,928,000 after acquiring an additional 204,396 shares during the period. Circumference Group LLC purchased a new position in Couchbase in the 4th quarter valued at approximately $4,504,000. Finally, Sei Investments Co. increased its stake in Couchbase by 918.4% in the 1st quarter. Sei Investments Co. now owns 119,717 shares of the company’s stock valued at $3,150,000 after purchasing an additional 107,962 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

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.