Brokerages Set Couchbase, Inc. (NASDAQ:BASE) Price Target at $23.13

Couchbase, Inc. (NASDAQ:BASE) has been given a consensus rating of “Moderate Buy” by the sixteen ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $23.13.

Several equities research analysts recently commented on BASE shares. Truist Financial assumed coverage on Couchbase in a research note on Thursday, December 12th. They issued a “buy” rating and a $21.00 price target for the company. Stifel Nicolaus raised their price target on shares of Couchbase from $20.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Needham & Company LLC restated a “buy” rating and set a $22.00 target price on shares of Couchbase in a report on Wednesday, December 4th. Barclays increased their price objective on Couchbase from $19.00 to $23.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Finally, Piper Sandler restated an “overweight” rating and issued a $21.00 target price on shares of Couchbase in a report on Wednesday, December 4th.

Couchbase Trading Up 0.6 %

BASE opened at $16.45 on Friday. The stock has a fifty day moving average price of $17.27 and a 200 day moving average price of $17.09. Couchbase has a 1 year low of $13.53 and a 1 year high of $32.00. The stock has a market cap of $861.16 million, a price-to-earnings ratio of -10.28 and a beta of 0.79.

Insider Activity

In other Couchbase news, SVP Huw Owen sold 2,993 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $16.02, for a total value of $47,947.86. Following the completion of the sale, the senior vice president now owns 325,993 shares in the company, valued at approximately $5,222,407.86. This trade represents a 0.91 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Gregory N. Henry sold 3,853 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $15.14, for a total transaction of $58,334.42. Following the transaction, the chief financial officer now owns 336,679 shares in the company, valued at $5,097,320.06. The trade was a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,233 shares of company stock worth $252,552. Insiders own 16.10% of the company’s stock.

Institutional Trading of Couchbase

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. grew its stake in Couchbase by 5.7% in the second quarter. Point72 Asset Management L.P. now owns 13,000 shares of the company’s stock valued at $237,000 after acquiring an additional 700 shares during the period. Harbor Capital Advisors Inc. increased its position in shares of Couchbase by 15.9% during the third quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company’s stock worth $112,000 after acquiring an additional 956 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Couchbase by 12.2% during the fourth quarter. SG Americas Securities LLC now owns 13,546 shares of the company’s stock worth $211,000 after acquiring an additional 1,472 shares during the period. The Manufacturers Life Insurance Company lifted its position in Couchbase by 9.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,770 shares of the company’s stock valued at $379,000 after acquiring an additional 1,865 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake in Couchbase by 28.5% in the 2nd quarter. Arizona State Retirement System now owns 11,032 shares of the company’s stock worth $201,000 after purchasing an additional 2,445 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

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.