Couchbase (NASDAQ:BASE) Sets New 52-Week Low at $14.07

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $25.00 target price on shares of Couchbase in a research note on Thursday, September 5th. UBS Group cut their target price on Couchbase from $24.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Oppenheimer dropped their price target on Couchbase from $25.00 to $23.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. Guggenheim restated a “buy” rating and set a $30.00 price objective on shares of Couchbase in a research report on Tuesday, June 25th. Finally, Wells Fargo & Company dropped their price target on shares of Couchbase from $30.00 to $23.00 and set an “overweight” rating on the stock in a research note 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 company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.93.

Couchbase Trading Down 4.1 %

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

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 analysts’ consensus estimates 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 company had revenue of $51.60 million for the quarter, compared to the consensus estimate of $51.11 million. During the same period in the previous year, the business earned ($0.44) earnings per share. The company’s quarterly revenue was up 19.7% on a year-over-year basis. Equities research analysts anticipate that Couchbase, Inc. will post -1.5 EPS for the current year.

Insiders Place Their Bets

In other Couchbase news, SVP Margaret Chow sold 2,290 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $20.00, for a total transaction of $45,800.00. Following the sale, the senior vice president now owns 192,458 shares of the company’s stock, valued at approximately $3,849,160. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Matthew M. Cain sold 8,953 shares of Couchbase stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $20.01, for a total value of $179,149.53. Following the sale, the chief executive officer now directly owns 776,437 shares in the company, valued at $15,536,504.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Margaret Chow sold 2,290 shares of the company’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $20.00, for a total value of $45,800.00. Following the sale, the senior vice president now owns 192,458 shares in the company, valued at approximately $3,849,160. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,987 shares of company stock valued at $668,568. 16.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Dana Investment Advisors Inc. grew its holdings in shares of Couchbase by 33.7% during the 2nd quarter. Dana Investment Advisors Inc. now owns 74,869 shares of the company’s stock worth $1,367,000 after purchasing an additional 18,889 shares in the last quarter. Point72 Asset Management L.P. increased its position in Couchbase by 5.7% in the 2nd quarter. Point72 Asset Management L.P. now owns 13,000 shares of the company’s stock valued at $237,000 after acquiring an additional 700 shares during the period. The Manufacturers Life Insurance Company raised 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 worth $379,000 after purchasing an additional 1,865 shares during the last quarter. Dark Forest Capital Management LP acquired a new position in shares of Couchbase in the second quarter worth approximately $300,000. Finally, 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 acquiring an additional 179,585 shares during the last quarter. 96.07% of the stock is currently owned by 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.