Analysts Set Couchbase, Inc. (NASDAQ:BASE) PT at $21.41

Couchbase, Inc. (NASDAQ:BASE) has been given an average recommendation of “Moderate Buy” by the seventeen research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $21.41.

Several brokerages recently weighed in on BASE. Guggenheim dropped their price target on shares of Couchbase from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Rosenblatt Securities started coverage on Couchbase in a report on Wednesday, April 9th. They set a “buy” rating and a $20.00 price target for the company. The Goldman Sachs Group reduced their target price on shares of Couchbase from $18.00 to $16.00 and set a “sell” rating for the company in a research note on Thursday, February 27th. Piper Sandler dropped their target price on shares of Couchbase from $22.00 to $16.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 23rd. Finally, Barclays dropped their price target on Couchbase from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th.

Couchbase Stock Performance

Shares of Couchbase stock opened at $17.11 on Friday. The stock has a market capitalization of $923.61 million, a PE ratio of -10.69 and a beta of 0.85. Couchbase has a 52 week low of $12.78 and a 52 week high of $28.67. The stock has a 50 day moving average price of $15.48 and a two-hundred day moving average price of $16.70.

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

Insiders Place Their Bets

In other news, SVP Huw Owen sold 15,938 shares of the stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $15.43, for a total value of $245,923.34. Following the sale, the senior vice president now directly owns 427,699 shares of the company’s stock, valued at approximately $6,599,395.57. This represents a 3.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Gregory N. Henry sold 9,820 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $17.62, for a total transaction of $173,028.40. Following the completion of the sale, the chief financial officer now owns 304,555 shares in the company, valued at $5,366,259.10. This represents a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,658 shares of company stock worth $709,172 over the last 90 days. Corporate insiders own 16.10% of the company’s stock.

Institutional Trading of Couchbase

A number of large investors have recently modified their holdings of the business. Bank of New York Mellon Corp lifted its position in Couchbase by 0.5% during the first quarter. Bank of New York Mellon Corp now owns 135,495 shares of the company’s stock valued at $2,134,000 after purchasing an additional 696 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Couchbase by 22.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company’s stock worth $65,000 after purchasing an additional 759 shares in the last quarter. Summit Investment Advisors Inc. increased its position in shares of Couchbase by 24.1% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,161 shares of the company’s stock valued at $65,000 after purchasing an additional 807 shares during the last quarter. Ceera Investments LLC raised its holdings in shares of Couchbase by 3.0% during the 4th quarter. Ceera Investments LLC now owns 32,920 shares of the company’s stock valued at $513,000 after buying an additional 960 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Couchbase by 5.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,361 shares of the company’s stock worth $349,000 after buying an additional 1,076 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

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.