Couchbase (NASDAQ:BASE) Hits New 12-Month Low – Here’s Why

Shares of Couchbase, Inc. (NASDAQ:BASE) reached a new 52-week low during trading on Monday . The stock traded as low as $12.78 and last traded at $12.89, with a volume of 47082 shares changing hands. The stock had previously closed at $14.04.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Wells Fargo & Company decreased their price objective on shares of Couchbase from $23.00 to $20.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Royal Bank of Canada dropped their price objective on Couchbase from $25.00 to $22.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Truist Financial began coverage on Couchbase in a research note on Thursday, December 12th. They set a “buy” rating and a $21.00 target price for the company. UBS Group dropped their price target on shares of Couchbase from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Finally, The Goldman Sachs Group decreased their price objective on shares of Couchbase from $18.00 to $16.00 and set a “sell” rating on the stock in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.06.

Couchbase Stock Down 1.6 %

The firm has a 50-day moving average of $16.38 and a two-hundred day moving average of $16.65. The company has a market capitalization of $713.66 million, a PE ratio of -8.40 and a beta of 0.85.

Couchbase (NASDAQ:BASE) last issued its quarterly earnings data on Tuesday, February 25th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.22). The business had revenue of $54.92 million for the quarter, compared to analyst estimates of $53.25 million. Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. On average, equities research analysts expect that Couchbase, Inc. will post -1.48 EPS for the current year.

Insiders Place Their Bets

In other Couchbase news, SVP Margaret Chow sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $18.31, for a total value of $274,650.00. Following the completion of the transaction, the senior vice president now owns 133,067 shares of the company’s stock, valued at $2,436,456.77. This trade represents a 10.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Huw Owen sold 15,938 shares of the company’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of $15.43, for a total value of $245,923.34. Following the sale, the senior vice president now directly owns 427,699 shares in the company, valued at $6,599,395.57. This represents a 3.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,400 shares of company stock worth $975,265 over the last ninety days. Corporate insiders own 16.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BASE. Mackenzie Financial Corp purchased a new position in shares of Couchbase in the 4th quarter valued at about $382,000. Two Sigma Advisers LP lifted its stake in Couchbase by 32.4% in the fourth quarter. Two Sigma Advisers LP now owns 47,800 shares of the company’s stock worth $745,000 after acquiring an additional 11,700 shares during the last quarter. ProShare Advisors LLC grew its holdings in Couchbase by 36.7% during the 4th quarter. ProShare Advisors LLC now owns 14,828 shares of the company’s stock worth $231,000 after acquiring an additional 3,979 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Couchbase by 5.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,361 shares of the company’s stock valued at $349,000 after purchasing an additional 1,076 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of Couchbase by 5.8% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 588,439 shares of the company’s stock valued at $9,174,000 after purchasing an additional 32,078 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

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.