Insider Buying: Couchbase, Inc. (NASDAQ:BASE) Director Buys 21,080 Shares of Stock

Couchbase, Inc. (NASDAQ:BASE) Director Edward T. Anderson purchased 21,080 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was acquired at an average cost of $14.16 per share, for a total transaction of $298,492.80. Following the completion of the transaction, the director now owns 85,902 shares in the company, valued at $1,216,372.32. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

Couchbase Stock Down 0.8 %

BASE opened at $14.47 on Thursday. The stock has a market cap of $742.60 million, a P/E ratio of -8.82 and a beta of 0.61. Couchbase, Inc. has a 12 month low of $13.53 and a 12 month high of $32.00. The company has a fifty day simple moving average of $17.31 and a 200 day simple moving average of $21.07.

Couchbase (NASDAQ:BASE) last released its quarterly earnings data on Wednesday, September 4th. The company reported ($0.06) earnings per share 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 for the quarter, compared to analysts’ expectations of $51.11 million. During the same quarter in the previous year, the business posted ($0.44) EPS. Couchbase’s revenue for the quarter was up 19.7% on a year-over-year basis. On average, equities research analysts expect that Couchbase, Inc. will post -1.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BASE. Charles Schwab Investment Management Inc. boosted its position in Couchbase by 8.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 250,472 shares of the company’s stock worth $5,641,000 after acquiring an additional 19,256 shares during the last quarter. Circumference Group LLC bought a new position in Couchbase in the fourth quarter valued at $4,504,000. CenterBook Partners LP bought a new position in Couchbase in the fourth quarter valued at $869,000. StepStone Group LP acquired a new stake in Couchbase in the 4th quarter valued at $133,000. Finally, Board of Trustees of The Leland Stanford Junior University bought a new stake in Couchbase during the 4th quarter worth about $635,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. DA Davidson lowered their target price on shares of Couchbase from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Morgan Stanley dropped their price objective on shares of Couchbase from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Thursday, September 5th. Robert W. Baird lowered their target price on Couchbase from $32.00 to $27.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th. Guggenheim reiterated a “buy” rating and issued a $30.00 price target on shares of Couchbase in a report on Tuesday, June 25th. Finally, UBS Group lowered their price target on shares of Couchbase from $24.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Couchbase has a consensus rating of “Moderate Buy” and an average target price of $22.93.

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.