Couchbase (NASDAQ:BASE) Price Target Cut to $26.00 by Analysts at Guggenheim

Couchbase (NASDAQ:BASE) had its target price decreased by Guggenheim from $30.00 to $26.00 in a report published on Wednesday,Benzinga reports. Guggenheim currently has a buy rating on the stock.

Other equities analysts also recently issued reports about the stock. Robert W. Baird decreased their price target on shares of Couchbase from $27.00 to $25.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 4th. Wells Fargo & Company cut their price objective on shares of Couchbase from $23.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday. Needham & Company LLC restated a “buy” rating and set a $22.00 target price on shares of Couchbase in a report on Wednesday. Morgan Stanley cut their price target on Couchbase from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, Barclays reduced their price objective on Couchbase from $23.00 to $22.00 and set an “overweight” rating on the stock in a research report on Wednesday. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $22.31.

Couchbase Trading Up 12.4 %

NASDAQ:BASE opened at $18.26 on Wednesday. The stock has a 50 day moving average of $16.96 and a two-hundred day moving average of $17.03. Couchbase has a 12 month low of $13.53 and a 12 month high of $32.00. The firm has a market cap of $955.87 million, a P/E ratio of -11.41 and a beta of 0.81.

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

Insider Transactions at Couchbase

In related news, SVP Margaret Chow sold 15,000 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $18.31, for a total transaction of $274,650.00. Following the transaction, the senior vice president now owns 133,067 shares of the company’s stock, valued at approximately $2,436,456.77. This represents a 10.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Gregory N. Henry sold 3,853 shares of Couchbase stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $15.14, for a total value of $58,334.42. Following the completion of the transaction, the chief financial officer now directly owns 336,679 shares of the company’s stock, valued at approximately $5,097,320.06. This represents a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 54,883 shares of company stock worth $950,915 over the last ninety days. Company insiders own 16.10% of the company’s stock.

Institutional Investors Weigh In On Couchbase

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Couchbase by 3.3% in the 4th quarter. Vanguard Group Inc. now owns 5,126,087 shares of the company’s stock valued at $79,916,000 after buying an additional 164,563 shares during the period. Hood River Capital Management LLC increased its position in shares of Couchbase by 38.2% during the fourth quarter. Hood River Capital Management LLC now owns 2,738,468 shares of the company’s stock worth $42,693,000 after acquiring an additional 756,394 shares during the period. EVR Research LP raised its stake in shares of Couchbase by 2.0% in the fourth quarter. EVR Research LP now owns 2,590,000 shares of the company’s stock valued at $40,378,000 after acquiring an additional 50,000 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Couchbase by 26.8% in the fourth quarter. Franklin Resources Inc. now owns 2,089,104 shares of the company’s stock valued at $32,569,000 after purchasing an additional 441,770 shares during the period. Finally, Wasatch Advisors LP grew its stake in Couchbase by 72.0% during the 4th quarter. Wasatch Advisors LP now owns 1,703,267 shares of the company’s stock worth $26,554,000 after purchasing an additional 712,936 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

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.