Couchbase (NASDAQ:BASE) Now Covered by Analysts at Truist Financial

Truist Financial assumed coverage on shares of Couchbase (NASDAQ:BASE) in a research report released on Thursday morning, Marketbeat.com reports. The firm issued a buy rating and a $21.00 price objective on the stock.

Several other equities analysts have also recently issued reports on BASE. Wells Fargo & Company decreased their target price on shares of Couchbase from $30.00 to $23.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Barclays increased their target price on shares of Couchbase from $19.00 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Robert W. Baird cut their price target on Couchbase from $27.00 to $25.00 and set an “outperform” rating for the company in a research note on Wednesday, December 4th. Royal Bank of Canada reiterated an “outperform” rating and set a $25.00 price target on shares of Couchbase in a research report on Wednesday, December 4th. Finally, Wedbush started coverage on Couchbase in a research report on Thursday, October 17th. They issued an “outperform” rating and a $26.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Couchbase currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.13.

Couchbase Stock Up 0.5 %

Couchbase stock opened at $16.15 on Thursday. Couchbase has a 52 week low of $13.53 and a 52 week high of $32.00. The business’s 50-day moving average price is $17.66 and its 200 day moving average price is $17.79.

Insiders Place Their Bets

In other Couchbase news, SVP Huw Owen sold 6,736 shares of the business’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $15.07, for a total transaction of $101,511.52. Following the transaction, the senior vice president now owns 373,647 shares of the company’s stock, valued at approximately $5,630,860.29. The trade was a 1.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Edward T. Anderson bought 21,080 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was bought at an average price of $14.16 per share, with a total value of $298,492.80. Following the completion of the acquisition, the director now owns 85,902 shares in the company, valued at $1,216,372.32. This represents a 32.52 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 10,548 shares of company stock valued at $163,390 in the last 90 days. 16.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd acquired a new stake in Couchbase during the third quarter worth about $772,000. 272 Capital LP purchased a new stake in shares of Couchbase in the 3rd quarter valued at approximately $1,566,000. Horrell Capital Management Inc. increased its holdings in shares of Couchbase by 64.3% during the 3rd quarter. Horrell Capital Management Inc. now owns 230,000 shares of the company’s stock worth $3,708,000 after buying an additional 90,000 shares during the last quarter. EVR Research LP raised its position in shares of Couchbase by 9.4% during the 2nd quarter. EVR Research LP now owns 2,081,585 shares of the company’s stock valued at $38,010,000 after buying an additional 179,585 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Couchbase by 34.9% in the second quarter. Bank of New York Mellon Corp now owns 164,149 shares of the company’s stock valued at $2,997,000 after acquiring an additional 42,434 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

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.