Couchbase (NASDAQ:BASE) Shares Gap Down – What’s Next?

Couchbase, Inc. (NASDAQ:BASE) shares gapped down prior to trading on Tuesday . The stock had previously closed at $20.64, but opened at $20.02. Couchbase shares last traded at $20.02, with a volume of 236 shares traded.

Wall Street Analyst Weigh In

Several research firms have weighed in on BASE. Needham & Company LLC reiterated a “buy” rating and issued a $22.00 price target on shares of Couchbase in a research report on Thursday, September 5th. Stifel Nicolaus decreased their price target on shares of Couchbase from $25.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. DA Davidson decreased their price objective on shares of Couchbase from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Piper Sandler Companies started coverage on shares of Couchbase in a research report on Friday, August 16th. They set an “overweight” rating and a $22.00 price objective on the stock. Finally, UBS Group decreased their price objective on shares of Couchbase from $24.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Couchbase has a consensus rating of “Moderate Buy” and a consensus price target of $23.40.

Couchbase Stock Up 0.0 %

The company has a market capitalization of $1.06 billion, a PE ratio of -12.98 and a beta of 0.59. The company’s 50 day moving average is $16.72 and its two-hundred day moving average is $18.45.

Couchbase (NASDAQ:BASE) last issued its quarterly earnings data on Wednesday, September 4th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.03. Couchbase had a negative net margin of 39.51% and a negative return on equity of 54.84%. The business had revenue of $51.60 million during the quarter, compared to analysts’ expectations of $51.11 million. During the same period last year, the company posted ($0.44) EPS. The business’s revenue was up 19.7% on a year-over-year basis. Analysts forecast that Couchbase, Inc. will post -1.51 EPS for the current year.

Insider Activity

In related news, Director Edward T. Anderson bought 21,080 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were bought at an average price of $14.16 per share, with a total value of $298,492.80. Following the transaction, the director now owns 85,902 shares in the company, valued at approximately $1,216,372.32. This trade represents a 32.52 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Huw Owen sold 6,736 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $15.07, for a total transaction of $101,511.52. Following the sale, the senior vice president now directly owns 373,647 shares in the company, valued at approximately $5,630,860.29. This represents a 1.77 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,448 shares of company stock worth $180,742. 16.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Couchbase

Several large investors have recently made changes to their positions in BASE. Ashton Thomas Private Wealth LLC acquired a new position in shares of Couchbase in the 2nd quarter valued at $47,000. Point72 Hong Kong Ltd acquired a new position in Couchbase during the second quarter worth $67,000. Harbor Capital Advisors Inc. raised its position in Couchbase by 23.0% during the second quarter. Harbor Capital Advisors Inc. now owns 6,012 shares of the company’s stock worth $110,000 after acquiring an additional 1,125 shares during the period. Arizona State Retirement System raised its position in Couchbase by 28.5% during the second quarter. Arizona State Retirement System now owns 11,032 shares of the company’s stock worth $201,000 after acquiring an additional 2,445 shares during the period. Finally, ProShare Advisors LLC acquired a new stake in shares of Couchbase in the first quarter valued at about $230,000. 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.