Couchbase (NASDAQ:BASE) Sees Strong Trading Volume – Time to Buy?

Couchbase, Inc. (NASDAQ:BASE) shares saw an uptick in trading volume on Friday . 364,571 shares were traded during mid-day 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.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BASE. Morgan Stanley reduced their price target on Couchbase from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 4th. Royal Bank of Canada restated an “outperform” rating and set a $25.00 target price on shares of Couchbase in a research report on Wednesday, December 4th. Guggenheim reaffirmed a “buy” rating and issued a $30.00 price target on shares of Couchbase in a research note on Wednesday, December 4th. DA Davidson reissued a “buy” rating and set a $25.00 price objective on shares of Couchbase in a research note on Wednesday, December 4th. Finally, 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 target price for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.13.

Couchbase Trading Down 1.3 %

The stock’s 50 day moving average is $17.05 and its two-hundred day moving average is $17.06. The stock has a market capitalization of $905.13 million, a price-to-earnings ratio of -10.81 and a beta of 0.79.

Couchbase (NASDAQ:BASE) last posted its quarterly earnings data on Tuesday, December 3rd. The company reported ($0.35) earnings per share 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 last year, the firm earned ($0.34) EPS. On average, research analysts anticipate that Couchbase, Inc. will post -1.48 earnings per share for the current year.

Insider Transactions at Couchbase

In other Couchbase news, CFO Gregory N. Henry sold 3,853 shares of Couchbase stock in a transaction on Friday, December 20th. The shares were sold at an average price of $15.14, for a total value of $58,334.42. Following the sale, the chief financial officer now directly owns 336,679 shares in the company, valued at approximately $5,097,320.06. The trade was a 1.13 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Huw Owen sold 2,993 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $16.02, for a total transaction of $47,947.86. Following the sale, the senior vice president now directly owns 325,993 shares in the company, valued at $5,222,407.86. This trade represents a 0.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,233 shares of company stock valued at $252,552 in the last ninety days. 16.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BASE. Point72 Asset Management L.P. grew its stake in shares of Couchbase by 5.7% in the second quarter. Point72 Asset Management L.P. now owns 13,000 shares of the company’s stock valued at $237,000 after buying an additional 700 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Couchbase by 15.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company’s stock valued at $112,000 after acquiring an additional 956 shares during the period. SG Americas Securities LLC increased its stake in shares of Couchbase by 12.2% during the 4th quarter. SG Americas Securities LLC now owns 13,546 shares of the company’s stock worth $211,000 after purchasing an additional 1,472 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Couchbase by 9.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,770 shares of the company’s stock valued at $379,000 after purchasing an additional 1,865 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new stake in Couchbase in the 2nd quarter valued at about $67,000. Institutional investors and hedge funds 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.