Couchbase (NASDAQ:BASE) Hits New 1-Year Low at $14.07

Couchbase, Inc. (NASDAQ:BASE)’s share price reached a new 52-week low on Monday . The company traded as low as $14.07 and last traded at $14.08, with a volume of 306131 shares changing hands. The stock had previously closed at $14.86.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BASE shares. Wells Fargo & Company decreased their price target on Couchbase from $30.00 to $23.00 and set an “overweight” rating for the company in a report on Thursday, September 5th. Piper Sandler Companies initiated coverage on Couchbase in a research report on Friday, August 16th. They set an “overweight” rating and a $22.00 target price for the company. Barclays cut their price target on shares of Couchbase from $20.00 to $19.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. Morgan Stanley decreased their price objective on shares of Couchbase from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Thursday, September 5th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $22.00 target price on shares of Couchbase in a research note on Thursday, September 5th. One equities research 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $22.93.

Couchbase Price Performance

The stock has a market capitalization of $716.92 million, a P/E ratio of -9.06 and a beta of 0.61. The stock has a fifty day moving average price of $17.92 and a 200 day moving average price of $21.82.

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

Insider Buying and Selling

In other Couchbase news, SVP Huw Owen sold 7,792 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $16.84, for a total value of $131,217.28. Following the completion of the transaction, the senior vice president now owns 405,123 shares of the company’s stock, valued at approximately $6,822,271.32. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Couchbase news, SVP Margaret Chow sold 2,290 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $20.00, for a total value of $45,800.00. Following the completion of the sale, the senior vice president now owns 192,458 shares of the company’s stock, valued at $3,849,160. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Huw Owen sold 7,792 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were 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 in the company, valued at $6,822,271.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,987 shares of company stock worth $668,568. Insiders own 16.10% of the company’s stock.

Institutional Investors Weigh In On Couchbase

A number of institutional investors have recently made changes to their positions in the business. Point72 Asset Management L.P. grew its position in Couchbase by 5.7% during the 2nd quarter. Point72 Asset Management L.P. now owns 13,000 shares of the company’s stock worth $237,000 after acquiring an additional 700 shares during the last quarter. NBC Securities Inc. bought a new position in shares of Couchbase in the first quarter worth approximately $26,000. Harbor Capital Advisors Inc. increased its stake in shares of Couchbase by 23.0% in the second quarter. Harbor Capital Advisors Inc. now owns 6,012 shares of the company’s stock worth $110,000 after buying an additional 1,125 shares during the period. Swiss National Bank raised its holdings in Couchbase by 2.3% during the 1st quarter. Swiss National Bank now owns 61,700 shares of the company’s stock valued at $1,623,000 after buying an additional 1,400 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Couchbase by 9.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,770 shares of the company’s stock valued at $379,000 after buying an additional 1,865 shares during the period. Hedge funds and other 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.