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

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

Wall Street Analyst Weigh In

BASE has been the topic of several research reports. Needham & Company LLC restated a “buy” rating and set a $22.00 price target on shares of Couchbase in a research note on Wednesday, December 4th. Barclays boosted their target price on Couchbase from $19.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Robert W. Baird reduced their price objective on Couchbase from $27.00 to $25.00 and set an “outperform” rating on the stock in a report on Wednesday, December 4th. DA Davidson reaffirmed a “buy” rating and set a $25.00 price objective on shares of Couchbase in a report on Wednesday, December 4th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $25.00 price objective on shares of Couchbase in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $23.13.

Couchbase Price Performance

Shares of Couchbase stock opened at $18.48 on Monday. Couchbase has a fifty-two week low of $13.53 and a fifty-two week high of $32.00. The firm has a market capitalization of $967.39 million, a P/E ratio of -11.55 and a beta of 0.81. The company’s 50 day moving average price is $16.62 and its two-hundred day moving average price is $17.00.

Couchbase (NASDAQ:BASE) last released its earnings results 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 quarter in the previous year, the firm earned ($0.34) earnings per share. On average, analysts expect that Couchbase will post -1.48 earnings per share for the current year.

Insider Activity at Couchbase

In other Couchbase news, SVP Margaret Chow sold 15,000 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $18.31, for a total value of $274,650.00. Following the completion of the sale, the senior vice president now owns 133,067 shares of the company’s stock, valued at $2,436,456.77. The trade was a 10.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Gregory N. Henry sold 9,820 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $17.62, for a total value of $173,028.40. Following the completion of the sale, the chief financial officer now directly owns 304,555 shares of the company’s stock, valued at $5,366,259.10. This represents a 3.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,883 shares of company stock valued at $950,915. Insiders own 16.10% of the company’s stock.

Institutional Trading of Couchbase

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Couchbase by 3.3% in the 4th quarter. Vanguard Group Inc. now owns 5,126,087 shares of the company’s stock worth $79,916,000 after purchasing an additional 164,563 shares during the period. Hood River Capital Management LLC boosted its stake in shares of Couchbase by 38.2% during the 4th quarter. Hood River Capital Management LLC now owns 2,738,468 shares of the company’s stock valued at $42,693,000 after purchasing an additional 756,394 shares in the last quarter. EVR Research LP boosted its stake in shares of Couchbase by 2.0% during the 4th quarter. EVR Research LP now owns 2,590,000 shares of the company’s stock valued at $40,378,000 after purchasing an additional 50,000 shares in the last quarter. Franklin Resources Inc. boosted its stake in Couchbase by 26.8% during the fourth quarter. Franklin Resources Inc. now owns 2,089,104 shares of the company’s stock worth $32,569,000 after acquiring an additional 441,770 shares in the last quarter. Finally, Wasatch Advisors LP boosted its stake in Couchbase by 72.0% during the fourth quarter. Wasatch Advisors LP now owns 1,703,267 shares of the company’s stock worth $26,554,000 after acquiring an additional 712,936 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

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.