Couchbase, Inc. (NASDAQ:BASE) Short Interest Down 10.0% in January

Couchbase, Inc. (NASDAQ:BASE) was the target of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 1,350,000 shares, a drop of 10.0% from the January 15th total of 1,500,000 shares. Based on an average daily trading volume, of 445,300 shares, the short-interest ratio is presently 3.0 days. Approximately 3.4% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BASE. Robert W. Baird decreased their price objective on Couchbase from $27.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday, December 4th. Guggenheim reiterated a “buy” rating and issued a $30.00 target price on shares of Couchbase in a research note on Wednesday, December 4th. Needham & Company LLC restated a “buy” rating and set a $22.00 price target on shares of Couchbase in a research note on Wednesday, December 4th. Barclays raised their price objective on shares of Couchbase from $19.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, Piper Sandler reissued an “overweight” rating and set a $21.00 target price on shares of Couchbase in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Couchbase currently has an average rating of “Moderate Buy” and an average target price of $23.13.

Couchbase Stock Down 1.7 %

NASDAQ:BASE opened at $18.48 on Tuesday. Couchbase has a twelve month low of $13.53 and a twelve month high of $32.00. The business’s 50-day moving average price is $16.67 and its two-hundred day moving average price is $17.00.

Couchbase (NASDAQ:BASE) last announced its earnings results on Tuesday, December 3rd. The company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.27). Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. During the same quarter in the previous year, the company earned ($0.34) earnings per share. On average, analysts expect that Couchbase will post -1.48 EPS for the current year.

Insider Buying and Selling

In other Couchbase news, CFO Gregory N. Henry sold 9,820 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Margaret Chow sold 15,000 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $18.31, for a total value of $274,650.00. Following the completion of the sale, the senior vice president now directly owns 133,067 shares of the company’s stock, valued at $2,436,456.77. This represents a 10.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,883 shares of company stock worth $950,915. Insiders own 16.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BASE. Daiwa Securities Group Inc. increased its stake 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 acquiring an additional 759 shares during the last quarter. Summit Investment Advisors Inc. increased its position in shares of Couchbase by 24.1% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,161 shares of the company’s stock valued at $65,000 after purchasing an additional 807 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Couchbase by 15.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company’s stock valued at $112,000 after buying an additional 956 shares in the last quarter. Ceera Investments LLC raised its holdings 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 buying an additional 960 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Couchbase by 5.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,361 shares of the company’s stock worth $349,000 after buying an additional 1,076 shares in the last quarter. 96.07% of the stock is currently 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.