Robert W. Baird Cuts Couchbase (NASDAQ:BASE) Price Target to $25.00

Couchbase (NASDAQ:BASE) had its price target decreased by Robert W. Baird from $27.00 to $25.00 in a research note released on Wednesday,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

A number of other research firms also recently issued reports on BASE. Piper Sandler Companies initiated coverage on shares of Couchbase in a report on Friday, August 16th. They issued an “overweight” rating and a $22.00 price objective on the stock. Stifel Nicolaus lowered their target price on Couchbase from $25.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. DA Davidson reduced their price target on Couchbase from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Piper Sandler lowered their price target on Couchbase from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. Finally, Barclays raised their target price on shares of Couchbase from $19.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $23.27.

Couchbase Trading Down 0.5 %

Shares of NASDAQ BASE opened at $16.38 on Wednesday. The company has a fifty day moving average price of $17.57 and a 200 day moving average price of $18.18. The firm has a market cap of $840.69 million, a PE ratio of -10.29 and a beta of 0.71. Couchbase has a 1-year low of $13.53 and a 1-year high of $32.00.

Couchbase (NASDAQ:BASE) last posted its quarterly earnings data on Wednesday, September 4th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.03. The business had revenue of $51.60 million during the quarter, compared to the consensus estimate of $51.11 million. Couchbase had a negative return on equity of 57.01% and a negative net margin of 39.31%. Couchbase’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period last year, the company earned ($0.44) earnings per share. Equities research analysts forecast that Couchbase will post -1.51 EPS for the current year.

Insider Buying and Selling

In other Couchbase news, Director Edward T. Anderson bought 21,080 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were purchased at an average price of $14.16 per share, for a total transaction of $298,492.80. Following the transaction, the director now directly owns 85,902 shares in the company, valued at approximately $1,216,372.32. This trade represents a 32.52 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Huw Owen sold 6,736 shares of the firm’s stock in a transaction that occurred 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 directly owns 373,647 shares in the company, valued at $5,630,860.29. This represents a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,548 shares of company stock valued at $163,390. Insiders own 16.10% of the company’s stock.

Institutional Investors Weigh In On Couchbase

Several institutional investors have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd acquired a new position in Couchbase in the 3rd quarter valued at $772,000. 272 Capital LP bought a new position in shares of Couchbase in the third quarter worth $1,566,000. Horrell Capital Management Inc. raised its stake in Couchbase by 64.3% in the third quarter. Horrell Capital Management Inc. now owns 230,000 shares of the company’s stock valued at $3,708,000 after purchasing an additional 90,000 shares in the last quarter. Bank of New York Mellon Corp raised its stake 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 purchasing an additional 42,434 shares in the last quarter. Finally, EVR Research LP lifted its position in Couchbase by 9.4% during the second quarter. EVR Research LP now owns 2,081,585 shares of the company’s stock worth $38,010,000 after purchasing an additional 179,585 shares during the period. 96.07% of the stock is currently owned by institutional investors.

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.