Couchbase, Inc. (NASDAQ:BASE) Short Interest Down 15.4% in September

Couchbase, Inc. (NASDAQ:BASE) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 1,370,000 shares, a decline of 15.4% from the September 15th total of 1,620,000 shares. Based on an average trading volume of 483,000 shares, the short-interest ratio is currently 2.8 days. Currently, 3.5% of the company’s shares are short sold.

Couchbase Stock Up 1.3 %

NASDAQ BASE opened at $16.83 on Wednesday. The stock has a market capitalization of $846.72 million, a P/E ratio of -10.26 and a beta of 0.59. Couchbase has a 52-week low of $13.53 and a 52-week high of $32.00. The firm has a 50-day moving average price of $16.42 and a 200 day moving average price of $19.90.

Couchbase (NASDAQ:BASE) last posted its quarterly earnings results on Wednesday, September 4th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.03. Couchbase had a negative return on equity of 54.84% and a negative net margin of 39.51%. The business had revenue of $51.60 million during the quarter, compared to analysts’ expectations of $51.11 million. During the same period last year, the firm earned ($0.44) EPS. The company’s quarterly revenue was up 19.7% compared to the same quarter last year. On average, equities research analysts expect that Couchbase will post -1.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

BASE has been the topic of a number of analyst reports. Barclays raised Couchbase from an “equal weight” rating to an “overweight” rating and set a $19.00 price target on the stock in a research report on Monday, October 7th. DA Davidson dropped their price objective on shares of Couchbase from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Stifel Nicolaus lowered their price objective on Couchbase from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Guggenheim reissued a “buy” rating and set a $30.00 target price on shares of Couchbase in a research report on Tuesday, June 25th. Finally, Morgan Stanley dropped their price target on shares of Couchbase from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.93.

Insider Activity

In other news, CEO Matthew M. Cain sold 8,953 shares of Couchbase stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $20.01, for a total value of $179,149.53. Following the completion of the sale, the chief executive officer now directly owns 776,437 shares of the company’s stock, valued at approximately $15,536,504.37. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Couchbase news, CEO Matthew M. Cain sold 8,953 shares of Couchbase stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $20.01, for a total value of $179,149.53. Following the completion of the transaction, the chief executive officer now directly owns 776,437 shares of the company’s stock, valued at $15,536,504.37. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Margaret Chow sold 2,290 shares of the stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $20.00, for a total transaction of $45,800.00. Following the sale, the senior vice president now directly owns 192,458 shares in the company, valued at $3,849,160. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,056 shares of company stock valued at $538,135. Company insiders own 16.10% of the company’s stock.

Hedge Funds Weigh In On Couchbase

A number of large investors have recently made changes to their positions in BASE. Vanguard Group Inc. lifted its position 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 valued at $106,014,000 after acquiring an additional 227,828 shares during the period. EVR Research LP raised its position in shares of Couchbase by 9.4% during the 2nd quarter. EVR Research LP now owns 2,081,585 shares of the company’s stock worth $38,010,000 after purchasing an additional 179,585 shares during the last quarter. Hood River Capital Management LLC grew its holdings in Couchbase by 7.8% during the 2nd quarter. Hood River Capital Management LLC now owns 1,629,893 shares of the company’s stock valued at $29,762,000 after buying an additional 118,372 shares during the last quarter. Pembroke Management LTD increased its position in Couchbase by 18.1% during the second quarter. Pembroke Management LTD now owns 809,876 shares of the company’s stock worth $14,788,000 after buying an additional 123,927 shares in the last quarter. Finally, Lord Abbett & CO. LLC acquired a new position in shares of Couchbase in the first quarter worth $9,059,000. 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.