Couchbase (NASDAQ:BASE) Stock Price Down 3.4%

Couchbase, Inc. (NASDAQ:BASE)’s share price was down 3.4% during mid-day trading on Monday . The company traded as low as $17.32 and last traded at $17.32. Approximately 88,467 shares changed hands during trading, a decline of 82% from the average daily volume of 497,406 shares. The stock had previously closed at $17.93.

Wall Street Analysts Forecast Growth

BASE has been the subject of a number of recent analyst reports. The Goldman Sachs Group lowered Couchbase from a “neutral” rating to a “sell” rating and decreased their price target for the company from $30.00 to $18.00 in a research report on Thursday, June 6th. DA Davidson decreased their target price on shares of Couchbase from $35.00 to $30.00 and set a “buy” rating for the company in a report on Friday, June 7th. Robert W. Baird cut their price target on shares of Couchbase from $35.00 to $32.00 and set an “outperform” rating on the stock in a report on Thursday, June 6th. Oppenheimer decreased their price objective on shares of Couchbase from $36.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, June 6th. Finally, Wells Fargo & Company dropped their price target on Couchbase from $37.00 to $30.00 and set an “overweight” rating on the stock in a research report on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Couchbase has a consensus rating of “Moderate Buy” and an average target price of $29.36.

Couchbase Stock Down 2.6 %

The stock has a market capitalization of $848.23 million, a price-to-earnings ratio of -10.27 and a beta of 0.68. The company’s 50-day simple moving average is $23.91 and its 200 day simple moving average is $24.67.

Insider Transactions at Couchbase

In related news, SVP Margaret Chow sold 1,066 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $27.50, for a total value of $29,315.00. Following the transaction, the senior vice president now directly owns 210,429 shares in the company, valued at approximately $5,786,797.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Gregory N. Henry sold 18,747 shares of Couchbase stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $27.84, for a total value of $521,916.48. Following the transaction, the chief financial officer now directly owns 330,652 shares in the company, valued at $9,205,351.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Margaret Chow sold 1,066 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $27.50, for a total value of $29,315.00. Following the sale, the senior vice president now owns 210,429 shares of the company’s stock, valued at approximately $5,786,797.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 87,840 shares of company stock worth $2,256,884. 16.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Washington Harbour Partners LP grew its stake in shares of Couchbase by 13.9% in the first quarter. Washington Harbour Partners LP now owns 82,000 shares of the company’s stock worth $2,157,000 after acquiring an additional 10,000 shares during the last quarter. Comerica Bank bought a new stake in Couchbase in the 1st quarter valued at $2,077,000. Jacobs Levy Equity Management Inc. grew its position in Couchbase by 21.6% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 190,103 shares of the company’s stock worth $5,002,000 after purchasing an additional 33,754 shares during the last quarter. Bayesian Capital Management LP bought a new position in shares of Couchbase during the 1st quarter worth about $466,000. Finally, Hood River Capital Management LLC raised its position in shares of Couchbase by 4.9% during the first quarter. Hood River Capital Management LLC now owns 1,511,521 shares of the company’s stock valued at $39,768,000 after buying an additional 70,766 shares during the last quarter. 96.07% of the stock is 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.