Couchbase, Inc. (NASDAQ:BASE) Receives $22.19 Consensus Target Price from Analysts

Couchbase, Inc. (NASDAQ:BASE) has been given a consensus recommendation of “Moderate Buy” by the sixteen ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and thirteen have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $22.19.

Several research firms recently commented on BASE. The Goldman Sachs Group reduced their price target on shares of Couchbase from $18.00 to $16.00 and set a “sell” rating on the stock in a research note on Thursday, February 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Couchbase in a research note on Wednesday, February 26th. Morgan Stanley cut their target price on shares of Couchbase from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 26th. Barclays dropped their price objective on shares of Couchbase from $23.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Finally, Royal Bank of Canada reduced their price objective on shares of Couchbase from $25.00 to $22.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th.

Insider Buying and Selling at Couchbase

In related news, CFO Gregory N. Henry sold 9,820 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $17.62, for a total value of $173,028.40. Following the completion of the transaction, the chief financial officer now owns 304,555 shares of the company’s stock, valued at approximately $5,366,259.10. This represents a 3.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Huw Owen sold 2,993 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $16.02, for a total value of $47,947.86. Following the transaction, the senior vice president now owns 325,993 shares in the company, valued at $5,222,407.86. This represents a 0.91 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 59,393 shares of company stock worth $1,023,213. Company insiders own 16.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Daiwa Securities Group Inc. raised its holdings in shares of Couchbase by 22.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company’s stock worth $65,000 after acquiring an additional 759 shares during the period. Summit Investment Advisors Inc. increased its holdings 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 worth $65,000 after buying an additional 807 shares during the last quarter. Ceera Investments LLC raised its position 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings 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 valued at $349,000 after acquiring an additional 1,076 shares during the last quarter. Finally, MetLife Investment Management LLC increased its stake in Couchbase by 5.9% during the fourth quarter. MetLife Investment Management LLC now owns 24,172 shares of the company’s stock worth $377,000 after acquiring an additional 1,342 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Couchbase Trading Down 12.0 %

Shares of Couchbase stock opened at $14.04 on Wednesday. Couchbase has a 12 month low of $12.92 and a 12 month high of $28.67. The stock has a 50 day moving average of $16.62 and a 200 day moving average of $16.64. The firm has a market cap of $745.52 million, a PE ratio of -8.78 and a beta of 0.81.

Couchbase (NASDAQ:BASE) last posted its earnings results on Tuesday, February 25th. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.22). The business had revenue of $54.92 million during the quarter, compared to the consensus estimate of $53.25 million. Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. As a group, equities research analysts forecast that Couchbase will post -1.48 earnings per share for the current fiscal year.

Couchbase Company Profile

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.