Couchbase (NASDAQ:BASE) Reaches New 12-Month Low – What’s Next?

Shares of Couchbase, Inc. (NASDAQ:BASE) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $13.36 and last traded at $13.56, with a volume of 55116 shares. The stock had previously closed at $13.68.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BASE. Guggenheim reduced their price objective on shares of Couchbase from $30.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Wells Fargo & Company reduced their target price on shares of Couchbase from $23.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. The Goldman Sachs Group reduced their target price on Couchbase from $18.00 to $16.00 and set a “sell” rating for the company in a report on Thursday, February 27th. UBS Group decreased their target price on shares of Couchbase from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Couchbase in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.19.

Couchbase Stock Down 1.8 %

The stock has a fifty day simple moving average of $17.11 and a 200-day simple moving average of $16.85. The company has a market capitalization of $703.50 million, a P/E ratio of -8.38 and a beta of 0.81.

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

Insider Buying and Selling at Couchbase

In other news, SVP Margaret Chow sold 15,000 shares of Couchbase stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $18.31, for a total transaction of $274,650.00. Following the completion of the sale, the senior vice president now owns 133,067 shares in the company, valued at $2,436,456.77. The trade was a 10.13 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Gregory N. Henry sold 3,853 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $15.14, for a total transaction of $58,334.42. Following the sale, the chief financial officer now owns 336,679 shares of the company’s stock, valued at $5,097,320.06. The trade was a 1.13 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 54,883 shares of company stock worth $950,915. 16.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Couchbase

Large investors have recently bought and sold shares of the company. Mackenzie Financial Corp bought a new stake in Couchbase in the 4th quarter valued at $382,000. Two Sigma Advisers LP raised its position in Couchbase by 32.4% during the fourth quarter. Two Sigma Advisers LP now owns 47,800 shares of the company’s stock worth $745,000 after acquiring an additional 11,700 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of Couchbase by 36.7% during the 4th quarter. ProShare Advisors LLC now owns 14,828 shares of the company’s stock worth $231,000 after purchasing an additional 3,979 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Couchbase by 5.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,361 shares of the company’s stock valued at $349,000 after purchasing an additional 1,076 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its stake in Couchbase by 5.8% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 588,439 shares of the company’s stock valued at $9,174,000 after purchasing an additional 32,078 shares during the last quarter. 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.