You might want to take a look at Couchbase Inc. (BASE) now

Couchbase Inc. (NASDAQ: BASE) stock jumped 1.96% on Friday to $19.51 against a previous-day closing price of $19.14. With 0.7 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.32 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $19.58 whereas the lowest price it dropped to was $18.70. The 52-week range on BASE shows that it touched its highest point at $22.50 and its lowest point at $10.19 during that stretch. It currently has a 1-year price target of $21.20. Beta for the stock currently stands at 0.35.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BASE was down-trending over the past week, with a drop of -3.61%, but this was up by 29.29% over a month. Three-month performance surged to 17.25% while six-month performance rose 42.72%. The stock gained 38.47% in the past year, while it has gained 47.13% so far this year. A look at the trailing 12-month EPS for BASE yields -1.66 with Next year EPS estimates of -0.59. For the next quarter, that number is -0.18. This implies an EPS growth rate of -9.70% for this year and 24.40% for next year.

Float and Shares Shorts:

At present, 46.71 million BASE shares are outstanding with a float of 42.27 million shares on hand for trading. On Aug 30, 2023, short shares totaled 0.88 million, which was 1.87% higher than short shares on Jul 30, 2023. In addition to Mr. Matthew M. Cain as the firm’s Chair, Pres & CEO, Mr. Gregory N. Henry serves as its Sr. VP & CFO.

Institutional Ownership:

Through their ownership of 82.35% of BASE’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 38.63% of BASE, in contrast to 34.88% held by mutual funds. Shares owned by individuals account for 22.30%. As the largest shareholder in BASE with 9.42% of the stake, GPI Capital LP holds 4,369,543 shares worth 4,369,543. A second-largest stockholder of BASE, The Vanguard Group, Inc., holds 3,175,254 shares, controlling over 6.84% of the firm’s shares. Solel Partners LP is the third largest shareholder in BASE, holding 2,515,496 shares or 5.42% stake. With a 3.44% stake in BASE, the Baron Discovery Fund is the largest stakeholder. A total of 1,594,900 shares are owned by the mutual fund manager. The iShares Russell 2000 ETF, which owns about 1.65% of BASE stock, is the second-largest Mutual Fund holder. It holds 765,766 shares valued at 13.09 million. Vanguard Total Stock Market ETF holds 1.61% of the stake in BASE, owning 747,916 shares worth 12.79 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BASE since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With BASE analysts setting a high price target of $25.00 and a low target of $16.00, the average target price over the next 12 months is $21.20. Based on these targets, BASE could surge 28.14% to reach the target high and fall by -17.99% to reach the target low. Reaching the average price target will result in a growth of 8.66% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded BASE stock several times over the past three months with 0 Buys and 4 Sells. In these transactions, 0 shares were bought while 10,622 shares were sold. The number of buy transactions has increased to 27 while that of sell transactions has risen to 33 over the past year. The total number of shares bought during that period was 875,373 while 1,149,804 shares were sold.

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