Couchbase, Inc. (NASDAQ:BASE) Director Purchases $298,492.80 in Stock

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

Couchbase Stock Down 0.8 %

Shares of Couchbase stock opened at $14.47 on Thursday. Couchbase, Inc. has a 12 month low of $13.53 and a 12 month high of $32.00. The stock has a market cap of $742.60 million, a PE ratio of -8.82 and a beta of 0.61. The business 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 earnings results 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. The company had revenue of $51.60 million for the quarter, compared to analysts’ expectations of $51.11 million. Couchbase had a negative return on equity of 54.84% and a negative net margin of 39.51%. The business’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.44) EPS. Analysts expect that Couchbase, Inc. will post -1.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings 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 in the last quarter. EVR Research LP boosted its position in Couchbase by 9.4% during the second quarter. EVR Research LP now owns 2,081,585 shares of the company’s stock valued at $38,010,000 after purchasing an additional 179,585 shares during the last quarter. Hood River Capital Management LLC grew its stake in shares of Couchbase by 7.8% in 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 in the last quarter. Pembroke Management LTD raised its position in Couchbase by 18.1% during the second quarter. Pembroke Management LTD now owns 809,876 shares of the company’s stock valued at $14,788,000 after acquiring an additional 123,927 shares in the last quarter. Finally, Lord Abbett & CO. LLC bought a new position in shares of Couchbase during the 1st quarter valued at $9,059,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

BASE has been the subject of a number of research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $22.00 price target on shares of Couchbase in a research note on Thursday, September 5th. UBS Group dropped their price target on shares of Couchbase from $24.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Morgan Stanley reduced 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. DA Davidson dropped their target price on shares of Couchbase from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Finally, Barclays reduced their target price on shares of Couchbase from $20.00 to $19.00 and set an “equal weight” rating for the company in a report 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 assigned a buy rating to the stock. Based on data from MarketBeat, Couchbase presently has a consensus rating of “Moderate Buy” and an average price target of $22.93.

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.