Couchbase, Inc. (NASDAQ:BASE) Short Interest Update

Couchbase, Inc. (NASDAQ:BASE) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 1,350,000 shares, a decrease of 10.0% from the January 15th total of 1,500,000 shares. Approximately 3.4% of the company’s shares are sold short. Based on an average trading volume of 445,300 shares, the days-to-cover ratio is presently 3.0 days.

Analyst Upgrades and Downgrades

Several research firms recently commented on BASE. Truist Financial assumed coverage on Couchbase in a research note on Thursday, December 12th. They set a “buy” rating and a $21.00 target price for the company. Needham & Company LLC restated a “buy” rating and set a $22.00 target price on shares of Couchbase in a research note on Wednesday, December 4th. Robert W. Baird reduced their target price on shares of Couchbase from $27.00 to $25.00 and set an “outperform” rating on the stock in a report on Wednesday, December 4th. Stifel Nicolaus boosted their price target on shares of Couchbase from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Finally, Guggenheim restated a “buy” rating and issued a $30.00 price objective on shares of Couchbase in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.13.

Couchbase Trading Down 1.7 %

Shares of Couchbase stock traded down $0.32 on Monday, hitting $18.48. The stock had a trading volume of 184,615 shares, compared to its average volume of 449,288. The stock has a market cap of $967.39 million, a price-to-earnings ratio of -11.55 and a beta of 0.81. Couchbase has a 52-week low of $13.53 and a 52-week high of $32.00. The company’s 50 day moving average price is $16.62 and its 200 day moving average price is $17.00.

Couchbase (NASDAQ:BASE) last issued its quarterly earnings data on Tuesday, December 3rd. The company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.27). Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. During the same period in the previous year, the firm posted ($0.34) earnings per share. Analysts predict that Couchbase will post -1.48 EPS for the current fiscal year.

Insider Transactions at Couchbase

In related news, CFO Gregory N. Henry sold 3,853 shares of Couchbase stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $15.14, for a total value of $58,334.42. Following the completion of the transaction, the chief financial officer now owns 336,679 shares in the company, valued at approximately $5,097,320.06. The trade was a 1.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Huw Owen sold 7,575 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $15.22, for a total transaction of $115,291.50. Following the sale, the senior vice president now owns 341,709 shares in the company, valued at approximately $5,200,810.98. This trade represents a 2.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 54,883 shares of company stock worth $950,915. 16.10% of the stock is currently owned by insiders.

Institutional Trading of Couchbase

Large investors have recently bought and sold shares of the business. Barclays PLC raised its stake in shares of Couchbase by 242.9% during the third quarter. Barclays PLC now owns 75,602 shares of the company’s stock worth $1,218,000 after purchasing an additional 53,555 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Couchbase by 33.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 369,190 shares of the company’s stock valued at $5,951,000 after buying an additional 93,301 shares during the period. JPMorgan Chase & Co. raised its position in Couchbase by 169.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 192,216 shares of the company’s stock worth $3,099,000 after buying an additional 120,975 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Couchbase in the 3rd quarter worth $772,000. Finally, 272 Capital LP purchased a new stake in shares of Couchbase in the third quarter valued at about $3,720,000. Institutional investors and hedge funds 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.