Couchbase, Inc. (NASDAQ:BASE – Get Free Report) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 1,670,000 shares, a growth of 13.6% from the March 31st total of 1,470,000 shares. Based on an average trading volume of 516,100 shares, the days-to-cover ratio is presently 3.2 days. Currently, 4.7% of the shares of the company are sold short.
Couchbase Stock Performance
NASDAQ BASE traded down $0.77 during trading on Monday, hitting $24.70. 180,985 shares of the company’s stock traded hands, compared to its average volume of 484,087. The stock has a fifty day moving average of $26.39 and a two-hundred day moving average of $22.85. Couchbase has a 12-month low of $13.97 and a 12-month high of $32.00.
Couchbase (NASDAQ:BASE – Get Free Report) last posted its earnings results on Tuesday, March 5th. The company reported ($0.32) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.03. Couchbase had a negative net margin of 44.54% and a negative return on equity of 54.61%. The company had revenue of $50.09 million during the quarter, compared to analyst estimates of $46.56 million. On average, equities analysts forecast that Couchbase will post -1.42 EPS for the current year.
Insider Buying and Selling at Couchbase
Hedge Funds Weigh In On Couchbase
A number of institutional investors and hedge funds have recently made changes to their positions in BASE. NBC Securities Inc. bought a new position in shares of Couchbase during the first quarter valued at approximately $26,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Couchbase during the 3rd quarter worth $67,000. AJOVista LLC purchased a new position in shares of Couchbase during the 4th quarter valued at $74,000. Daiwa Securities Group Inc. bought a new stake in Couchbase in the 4th quarter valued at $92,000. Finally, Harbor Capital Advisors Inc. increased its holdings in Couchbase by 45.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 5,759 shares of the company’s stock valued at $99,000 after acquiring an additional 1,796 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.
Analyst Ratings Changes
BASE has been the topic of a number of research analyst reports. Royal Bank of Canada increased their target price on Couchbase from $32.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. DA Davidson increased their target price on Couchbase from $27.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Robert W. Baird increased their target price on Couchbase from $28.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Stifel Nicolaus increased their target price on Couchbase from $24.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, Oppenheimer increased their target price on Couchbase from $25.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Couchbase has a consensus rating of “Moderate Buy” and a consensus target price of $32.40.
Read Our Latest Stock Report on Couchbase
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.
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