Couchbase (NASDAQ:BASE) Sees Large Volume Increase – Should You Buy?

Couchbase, Inc. (NASDAQ:BASE) shares saw unusually-strong trading volume on Friday . Approximately 364,571 shares changed hands during trading, an increase of 0% from the previous session’s volume of 363,670 shares.The stock last traded at $18.13 and had previously closed at $17.51.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Robert W. Baird dropped their target price on shares of Couchbase from $27.00 to $25.00 and set an “outperform” rating on the stock in a report on Wednesday, December 4th. Stifel Nicolaus boosted their price objective on Couchbase from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Morgan Stanley decreased their target price on Couchbase from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 4th. Piper Sandler reiterated an “overweight” rating and issued a $21.00 target price on shares of Couchbase in a report on Wednesday, December 4th. Finally, Needham & Company LLC restated a “buy” rating and set a $22.00 price target on shares of Couchbase in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Couchbase presently has a consensus rating of “Moderate Buy” and an average price target of $23.13.

Couchbase Stock Performance

The company has a market cap of $945.96 million, a price-to-earnings ratio of -11.29 and a beta of 0.79. The stock’s fifty day moving average is $17.09 and its two-hundred day moving average is $17.07.

Couchbase (NASDAQ:BASE) last issued its quarterly earnings data on Tuesday, December 3rd. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.27). Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. During the same period in the previous year, the company earned ($0.34) earnings per share. On average, equities research analysts expect that Couchbase, Inc. will post -1.48 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Gregory N. Henry sold 3,853 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $15.14, for a total transaction of $58,334.42. Following the completion of the sale, the chief financial officer now directly owns 336,679 shares of the company’s stock, valued at $5,097,320.06. This trade represents a 1.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Huw Owen sold 7,575 shares of Couchbase stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $15.22, for a total value of $115,291.50. Following the sale, the senior vice president now owns 341,709 shares in the company, valued at $5,200,810.98. The trade was a 2.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,233 shares of company stock valued at $252,552 in the last three months. 16.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Couchbase

Several institutional investors have recently added to or reduced their stakes in BASE. EVR Research LP raised its stake in shares of Couchbase by 9.4% in the second quarter. EVR Research LP now owns 2,081,585 shares of the company’s stock valued at $38,010,000 after buying an additional 179,585 shares during the period. Franklin Resources Inc. increased its holdings in Couchbase by 27.3% in the 3rd quarter. Franklin Resources Inc. now owns 1,647,334 shares of the company’s stock worth $27,379,000 after acquiring an additional 353,233 shares during the last quarter. Wasatch Advisors LP raised its stake in Couchbase by 56.4% in the 3rd quarter. Wasatch Advisors LP now owns 990,331 shares of the company’s stock valued at $15,964,000 after acquiring an additional 357,169 shares during the period. Geode Capital Management LLC lifted its holdings in Couchbase by 10.3% during the third quarter. Geode Capital Management LLC now owns 944,447 shares of the company’s stock valued at $15,228,000 after purchasing an additional 88,068 shares during the last quarter. Finally, Portolan Capital Management LLC boosted its position in Couchbase by 77.8% during the third quarter. Portolan Capital Management LLC now owns 874,795 shares of the company’s stock worth $14,102,000 after purchasing an additional 382,851 shares during the period. Institutional investors own 96.07% of the company’s stock.

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.