Couchbase, Inc. (NASDAQ:BASE) Short Interest Update

Couchbase, Inc. (NASDAQ:BASE) was the target of a large increase in short interest in April. As of April 15th, there was short interest totalling 1,670,000 shares, an increase of 13.6% from the March 31st total of 1,470,000 shares. Based on an average daily trading volume, of 516,100 shares, the days-to-cover ratio is presently 3.2 days. Currently, 4.7% of the company’s stock are short sold.

Couchbase Stock Performance

Shares of BASE traded down $0.77 during mid-day trading on Monday, reaching $24.70. The company had a trading volume of 180,985 shares, compared to its average volume of 484,087. The firm has a 50-day moving average price of $26.39 and a 200 day moving average price of $22.85. Couchbase has a 52 week low of $13.97 and a 52 week high of $32.00.

Couchbase (NASDAQ:BASE) last posted its quarterly earnings data on Tuesday, March 5th. The company reported ($0.32) EPS for the quarter, topping the consensus estimate of ($0.35) by $0.03. Couchbase had a negative return on equity of 54.61% and a negative net margin of 44.54%. The firm had revenue of $50.09 million during the quarter, compared to analyst estimates of $46.56 million. Equities research analysts anticipate that Couchbase will post -1.42 earnings per share for the current fiscal year.

Insider Activity at Couchbase

In related news, CFO Gregory N. Henry sold 18,747 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $27.84, for a total value of $521,916.48. Following the completion of the sale, the chief financial officer now directly owns 330,652 shares in the company, valued at approximately $9,205,351.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, SVP Margaret Chow sold 4,620 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $27.50, for a total transaction of $127,050.00. Following the transaction, the senior vice president now owns 162,103 shares of the company’s stock, valued at $4,457,832.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Gregory N. Henry sold 18,747 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $27.84, for a total value of $521,916.48. Following the transaction, the chief financial officer now directly owns 330,652 shares in the company, valued at approximately $9,205,351.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 60,228 shares of company stock valued at $1,652,692. 22.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Couchbase

Institutional investors have recently bought and sold shares of the business. NBC Securities Inc. bought a new position in shares of Couchbase in the 1st quarter valued at about $26,000. Quadrature Capital Ltd bought a new stake in Couchbase in the fourth quarter worth about $477,000. Readystate Asset Management LP lifted its stake in Couchbase by 58.6% in the fourth quarter. Readystate Asset Management LP now owns 143,448 shares of the company’s stock worth $3,230,000 after purchasing an additional 53,000 shares during the last quarter. Board of Trustees of The Leland Stanford Junior University bought a new stake in Couchbase in the fourth quarter worth about $635,000. Finally, StepStone Group LP bought a new stake in Couchbase in the fourth quarter worth about $133,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

BASE has been the topic of several recent analyst reports. Stifel Nicolaus lifted their price objective on Couchbase from $24.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. The Goldman Sachs Group boosted their price target on Couchbase from $20.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, March 7th. Barclays boosted their price target on Couchbase from $29.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 6th. Royal Bank of Canada boosted their target price on Couchbase from $32.00 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Finally, Robert W. Baird boosted their price target on Couchbase from $28.00 to $35.00 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.40.

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.