Couchbase (NASDAQ:BASE) Sees Large Volume Increase – Here’s What Happened

Shares of Couchbase, Inc. (NASDAQ:BASE) saw unusually-strong trading volume on Friday . Approximately 364,571 shares traded hands 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.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BASE. Royal Bank of Canada reiterated an “outperform” rating and set a $25.00 target price on shares of Couchbase in a research report on Wednesday, December 4th. Truist Financial started coverage on Couchbase in a research note on Thursday, December 12th. They set a “buy” rating and a $21.00 price target for the company. Wedbush assumed coverage on Couchbase in a research report on Thursday, October 17th. They set an “outperform” rating and a $26.00 price objective on the stock. Barclays boosted their target price on Couchbase from $19.00 to $23.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $22.00 price target on shares of Couchbase in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $23.13.

Couchbase Trading Up 3.2 %

The business’s fifty day moving average is $17.09 and its two-hundred day moving average is $17.07. The company has a market capitalization of $945.96 million, a PE ratio of -11.29 and a beta of 0.79.

Couchbase (NASDAQ:BASE) last posted its quarterly earnings results 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 in the previous year, the firm posted ($0.34) earnings per share. As a group, equities research analysts anticipate that Couchbase, Inc. will post -1.48 EPS for the current year.

Insider Activity

In other news, SVP Huw Owen sold 2,993 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $16.02, for a total transaction of $47,947.86. Following the completion of the sale, the senior vice president now owns 325,993 shares of the company’s stock, valued at $5,222,407.86. This represents a 0.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Gregory N. Henry sold 3,853 shares of the firm’s stock in a transaction that occurred 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 transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 16,233 shares of company stock valued at $252,552 in the last 90 days. 16.10% of the stock is currently owned by insiders.

Institutional Trading of Couchbase

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BASE. SG Americas Securities LLC grew its position 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 valued at $211,000 after acquiring an additional 1,472 shares during the period. JPMorgan Chase & Co. lifted its position in Couchbase by 169.8% during the third quarter. JPMorgan Chase & Co. now owns 192,216 shares of the company’s stock valued at $3,099,000 after purchasing an additional 120,975 shares in the last quarter. 272 Capital LP bought a new stake in Couchbase during the third quarter valued at about $3,720,000. Franklin Resources Inc. increased its position in Couchbase by 27.3% in the third quarter. Franklin Resources Inc. now owns 1,647,334 shares of the company’s stock worth $27,379,000 after buying an additional 353,233 shares in the last quarter. Finally, Barclays PLC raised its stake in shares of Couchbase by 242.9% in the third quarter. Barclays PLC now owns 75,602 shares of the company’s stock worth $1,218,000 after buying an additional 53,555 shares during the period. 96.07% of the stock is owned by hedge funds and other 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.