Brokerages Set Couchbase, Inc. (NASDAQ:BASE) Price Target at $23.13

Shares of Couchbase, Inc. (NASDAQ:BASE) have been assigned an average recommendation of “Moderate Buy” from the sixteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $23.13.

Several analysts have issued reports on BASE shares. Morgan Stanley decreased their price objective on shares of Couchbase from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 4th. Robert W. Baird decreased 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. Truist Financial assumed coverage on Couchbase in a research report on Thursday, December 12th. They issued a “buy” rating and a $21.00 price objective on the stock. Guggenheim reiterated a “buy” rating and set a $30.00 target price on shares of Couchbase in a research report on Wednesday, December 4th. Finally, Barclays upped their price target on shares of Couchbase from $19.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, November 15th.

Couchbase Stock Performance

Shares of Couchbase stock opened at $16.70 on Friday. The stock has a market cap of $874.25 million, a price-to-earnings ratio of -10.44 and a beta of 0.79. The stock has a 50 day moving average price of $17.17 and a 200-day moving average price of $17.07. Couchbase has a one year low of $13.53 and a one year high of $32.00.

Couchbase (NASDAQ:BASE) last posted its quarterly earnings data on Tuesday, December 3rd. The company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.27). Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. During the same quarter in the prior year, the firm posted ($0.34) EPS. Sell-side analysts predict that Couchbase will post -1.48 earnings per share for the current fiscal year.

Insider Transactions at Couchbase

In related news, SVP Huw Owen sold 2,993 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $16.02, for a total value of $47,947.86. Following the completion of the transaction, the senior vice president now directly owns 325,993 shares of the company’s stock, valued at $5,222,407.86. This trade represents a 0.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Gregory N. Henry sold 3,853 shares of Couchbase stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $15.14, for a total transaction of $58,334.42. Following the completion of the sale, the chief financial officer now owns 336,679 shares of the company’s stock, valued at $5,097,320.06. This trade represents a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,233 shares of company stock valued at $252,552 in the last 90 days. Insiders own 16.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers raised its stake in Couchbase by 14.3% in the 2nd quarter. Rhumbline Advisers now owns 53,544 shares of the company’s stock worth $978,000 after acquiring an additional 6,707 shares during the last quarter. Arizona State Retirement System boosted its position in Couchbase by 28.5% in the second quarter. Arizona State Retirement System now owns 11,032 shares of the company’s stock valued at $201,000 after buying an additional 2,445 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Couchbase by 614.0% in the 2nd quarter. Renaissance Technologies LLC now owns 86,400 shares of the company’s stock worth $1,578,000 after buying an additional 74,299 shares during the period. XTX Topco Ltd purchased a new position in Couchbase during the 2nd quarter worth approximately $301,000. Finally, Canada Pension Plan Investment Board lifted its stake in Couchbase by 70.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 58,100 shares of the company’s stock valued at $1,061,000 after acquiring an additional 24,100 shares during the period. Hedge funds and other institutional investors 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.