Couchbase, Inc. (NASDAQ:BASE) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Couchbase, Inc. (NASDAQ:BASE) have been given a consensus recommendation of “Moderate Buy” by the fourteen ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $22.93.

BASE has been the topic of a number of recent analyst reports. Needham & Company LLC restated a “buy” rating and issued a $22.00 target price on shares of Couchbase in a research note on Thursday, September 5th. DA Davidson cut their price objective on Couchbase from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Wells Fargo & Company decreased their target price on Couchbase from $30.00 to $23.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. The Goldman Sachs Group lowered Couchbase from a “neutral” rating to a “sell” rating and dropped their price target for the company from $30.00 to $18.00 in a research report on Thursday, June 6th. Finally, Piper Sandler Companies started coverage on shares of Couchbase in a report on Friday, August 16th. They issued an “overweight” rating and a $22.00 price objective for the company.

Insider Activity

In related news, CEO Matthew M. Cain sold 8,953 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $20.01, for a total value of $179,149.53. Following the completion of the transaction, the chief executive officer now directly owns 776,437 shares of the company’s stock, valued at approximately $15,536,504.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Huw Owen sold 7,792 shares of Couchbase stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $16.84, for a total transaction of $131,217.28. Following the sale, the senior vice president now directly owns 405,123 shares in the company, valued at $6,822,271.32. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Matthew M. Cain sold 8,953 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $20.01, for a total transaction of $179,149.53. Following the completion of the transaction, the chief executive officer now owns 776,437 shares of the company’s stock, valued at approximately $15,536,504.37. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,012 shares of company stock valued at $553,312. Insiders own 16.10% of the company’s stock.

Institutional Trading of Couchbase

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Couchbase by 6.0% during the first quarter. Vanguard Group Inc. now owns 4,029,423 shares of the company’s stock valued at $106,014,000 after acquiring an additional 227,828 shares during the period. EVR Research LP lifted its holdings in shares of Couchbase by 9.4% in the second quarter. EVR Research LP now owns 2,081,585 shares of the company’s stock valued at $38,010,000 after buying an additional 179,585 shares during the period. Hood River Capital Management LLC boosted its stake in Couchbase by 7.8% during the second quarter. Hood River Capital Management LLC now owns 1,629,893 shares of the company’s stock valued at $29,762,000 after buying an additional 118,372 shares in the last quarter. Pembroke Management LTD grew its holdings in Couchbase by 18.1% during the second quarter. Pembroke Management LTD now owns 809,876 shares of the company’s stock worth $14,788,000 after acquiring an additional 123,927 shares during the period. Finally, Lord Abbett & CO. LLC bought a new stake in Couchbase in the first quarter worth about $9,059,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Couchbase Stock Down 3.1 %

Shares of NASDAQ BASE opened at $13.67 on Friday. Couchbase has a fifty-two week low of $13.60 and a fifty-two week high of $32.00. The business has a 50 day moving average price of $17.64 and a two-hundred day moving average price of $21.51. The firm has a market cap of $687.74 million, a PE ratio of -8.38 and a beta of 0.61.

Couchbase (NASDAQ:BASE) last issued its quarterly earnings results 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 analyst estimates of $51.11 million. Couchbase had a negative net margin of 39.51% and a negative return on equity of 54.84%. The business’s revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.44) earnings per share. On average, analysts anticipate that Couchbase will post -1.5 earnings per share for the current year.

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.