Couchbase (NASDAQ:BASE) Hits New 1-Year Low at $14.07

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

Analysts Set New Price Targets

BASE has been the subject of a number of recent analyst reports. Morgan Stanley reduced their price target 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. Oppenheimer reduced their price target on shares of Couchbase from $25.00 to $23.00 and set an “outperform” rating for the company in a research report on Thursday, September 5th. UBS Group reduced their price target on shares of Couchbase from $24.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Piper Sandler Companies assumed coverage on shares of Couchbase in a research report on Friday, August 16th. They issued an “overweight” rating and a $22.00 target price for the company. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $22.00 target price on shares of Couchbase in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Couchbase presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.93.

Couchbase Stock Down 1.2 %

The company has a fifty day simple moving average of $17.77 and a 200 day simple moving average of $21.61. The firm has a market capitalization of $700.32 million, a P/E ratio of -8.49 and a beta of 0.61.

Couchbase (NASDAQ:BASE) last announced its quarterly earnings results on Wednesday, September 4th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. The firm had revenue of $51.60 million for the quarter, compared to the consensus estimate of $51.11 million. Couchbase had a negative return on equity of 54.84% and a negative net margin of 39.51%. The company’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.44) earnings per share. As a group, equities analysts expect that Couchbase, Inc. will post -1.5 earnings per share for the current fiscal year.

Insider Buying and Selling at Couchbase

In other Couchbase news, Director Jeff Epstein sold 7,277 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $20.10, for a total value of $146,267.70. Following the transaction, the director now owns 28,027 shares of the company’s stock, valued at $563,342.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Couchbase news, SVP Huw Owen sold 7,792 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $16.84, for a total transaction of $131,217.28. Following the completion of the transaction, the senior vice president now owns 405,123 shares in the company, valued at approximately $6,822,271.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeff Epstein sold 7,277 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $20.10, for a total value of $146,267.70. Following the transaction, the director now owns 28,027 shares of the company’s stock, valued at approximately $563,342.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,987 shares of company stock valued at $668,568. 16.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Couchbase

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Couchbase by 6.0% during the first quarter. Vanguard Group Inc. now owns 4,029,423 shares of the company’s stock worth $106,014,000 after acquiring an additional 227,828 shares during the period. EVR Research LP increased its position in shares of Couchbase by 9.4% during the second quarter. EVR Research LP now owns 2,081,585 shares of the company’s stock worth $38,010,000 after acquiring an additional 179,585 shares during the period. Hood River Capital Management LLC increased its position in shares of Couchbase by 7.8% during the second quarter. Hood River Capital Management LLC now owns 1,629,893 shares of the company’s stock worth $29,762,000 after acquiring an additional 118,372 shares during the period. Pembroke Management LTD increased its holdings 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 buying an additional 123,927 shares during the period. Finally, Lord Abbett & CO. LLC purchased a new position in Couchbase during the first quarter valued at approximately $9,059,000. 96.07% of the stock is 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.