Couchbase (NASDAQ:BASE) Sets New 1-Year Low – Time to Sell?

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Piper Sandler increased their price target on Couchbase from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Barclays decreased their price objective on Couchbase from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Wells Fargo & Company lowered their price target on shares of Couchbase from $23.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. Truist Financial assumed coverage on shares of Couchbase in a research note on Thursday, December 12th. They issued a “buy” rating and a $21.00 price target for the company. Finally, Guggenheim dropped their price objective on Couchbase from $30.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $22.19.

Couchbase Stock Performance

The company has a 50-day moving average of $16.62 and a 200-day moving average of $16.68. The stock has a market cap of $718.71 million, a price-to-earnings ratio of -8.53 and a beta of 0.85.

Couchbase (NASDAQ:BASE) last issued its quarterly earnings results 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). Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. The firm had revenue of $54.92 million for the quarter, compared to analyst estimates of $53.25 million. As a group, equities research analysts forecast that Couchbase, Inc. will post -1.48 EPS for the current year.

Insider Buying and Selling at Couchbase

In related news, SVP Huw Owen sold 14,742 shares of the stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $18.05, for a total transaction of $266,093.10. Following the completion of the sale, the senior vice president now owns 311,251 shares of the company’s stock, valued at approximately $5,618,080.55. This represents a 4.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gregory N. Henry sold 9,820 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $17.62, for a total transaction of $173,028.40. Following the sale, the chief financial officer now owns 304,555 shares of the company’s stock, valued at approximately $5,366,259.10. This represents a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 56,400 shares of company stock valued at $975,265 over the last quarter. Corporate insiders own 16.10% of the company’s stock.

Institutional Trading of Couchbase

Institutional investors have recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. increased its holdings in Couchbase by 22.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company’s stock valued at $65,000 after buying an additional 759 shares during the last quarter. Summit Investment Advisors Inc. increased its holdings in shares of Couchbase by 24.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,161 shares of the company’s stock valued at $65,000 after acquiring an additional 807 shares during the last quarter. Ceera Investments LLC raised its position in shares of Couchbase by 3.0% during the 4th quarter. Ceera Investments LLC now owns 32,920 shares of the company’s stock valued at $513,000 after acquiring an additional 960 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Couchbase by 5.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,361 shares of the company’s stock worth $349,000 after purchasing an additional 1,076 shares during the last quarter. Finally, MetLife Investment Management LLC raised its holdings in shares of Couchbase by 5.9% during the fourth quarter. MetLife Investment Management LLC now owns 24,172 shares of the company’s stock worth $377,000 after purchasing an additional 1,342 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

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.