Weekly Research Analysts’ Ratings Changes for Couchbase (BASE)

Several brokerages have updated their recommendations and price targets on shares of Couchbase (NASDAQ: BASE) in the last few weeks:

• 12/12/2024 – Couchbase is now covered by analysts at Truist Financial Co.. They set a “buy” rating and a $21.00 price target on the stock.
• 12/4/2024 – Couchbase had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $21.00 price target on the stock.
• 12/4/2024 – Couchbase had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $25.00 price target on the stock.
• 12/4/2024 – Couchbase had its price target lowered by analysts at Robert W. Baird from $27.00 to $25.00. They now have an “outperform” rating on the stock.
• 12/4/2024 – Couchbase had its price target lowered by analysts at Morgan Stanley from $27.00 to $25.00. They now have an “equal weight” rating on the stock.
• 12/4/2024 – Couchbase had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $25.00 price target on the stock.
• 12/4/2024 – Couchbase had its “buy” rating reaffirmed by analysts at Guggenheim. They now have a $30.00 price target on the stock.
• 12/4/2024 – Couchbase had its price target raised by analysts at Stifel Nicolaus from $20.00 to $22.00. They now have a “buy” rating on the stock.
• 12/4/2024 – Couchbase had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $22.00 price target on the stock.
• 11/15/2024 – Couchbase had its price target raised by analysts at Barclays PLC from $19.00 to $23.00. They now have an “overweight” rating on the stock.

Couchbase Price Performance

NASDAQ:BASE traded up $0.06 during mid-day trading on Friday, reaching $15.44. 700,429 shares of the company’s stock traded hands, compared to its average volume of 487,990. The company has a 50 day moving average price of $17.66 and a 200-day moving average price of $17.42. The firm has a market capitalization of $808.25 million, a price-to-earnings ratio of -9.65 and a beta of 0.71. Couchbase, Inc. has a 12-month low of $13.53 and a 12-month high of $32.00.

Insider Transactions at Couchbase

In related news, SVP Huw Owen sold 6,736 shares of the business’s stock in a transaction dated Friday, September 27th. The shares were 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 in the company, valued at $5,630,860.29. The trade was a 1.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders have sold 10,548 shares of company stock worth $163,390. 16.10% of the stock is currently owned by insiders.

Institutional Trading of Couchbase

A number of hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp lifted its holdings in shares of Couchbase by 34.9% during 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 during the last quarter. Pembroke Management LTD raised its stake in Couchbase by 18.1% during the second quarter. Pembroke Management LTD now owns 809,876 shares of the company’s stock valued at $14,788,000 after buying an additional 123,927 shares during the last quarter. Rhumbline Advisers boosted its holdings in Couchbase by 14.3% in the second quarter. Rhumbline Advisers now owns 53,544 shares of the company’s stock worth $978,000 after acquiring an additional 6,707 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Couchbase by 28.5% in the second quarter. Arizona State Retirement System now owns 11,032 shares of the company’s stock worth $201,000 after acquiring an additional 2,445 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of Couchbase by 17.6% during the second quarter. Acadian Asset Management LLC now owns 309,737 shares of the company’s stock valued at $5,653,000 after acquiring an additional 46,298 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

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.