Couchbase (NASDAQ:BASE) Stock Price Expected to Rise, Piper Sandler Analyst Says

Couchbase (NASDAQ:BASE) had its target price raised by Piper Sandler from $21.00 to $22.00 in a report released on Wednesday morning,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Other equities analysts also recently issued reports about the stock. Stifel Nicolaus lifted their price objective on shares of Couchbase from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Robert W. Baird cut their price target on shares of Couchbase from $27.00 to $25.00 and set an “outperform” rating on the stock in a report on Wednesday, December 4th. Truist Financial initiated coverage on shares of Couchbase in a research note on Thursday, December 12th. They issued a “buy” rating and a $21.00 price objective for the company. Morgan Stanley dropped their target price on shares of Couchbase from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 4th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $30.00 target price on shares of Couchbase in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.31.

Couchbase Stock Performance

Shares of NASDAQ BASE opened at $18.26 on Wednesday. The stock has a market cap of $955.87 million, a price-to-earnings ratio of -11.41 and a beta of 0.81. Couchbase has a fifty-two week low of $13.53 and a fifty-two week high of $32.00. The firm’s 50-day simple moving average is $16.96 and its 200 day simple moving average is $17.03.

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

Insider Buying and Selling at Couchbase

In other news, SVP Margaret Chow sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $18.31, for a total value of $274,650.00. Following the sale, the senior vice president now owns 133,067 shares of the company’s stock, valued at $2,436,456.77. The trade was a 10.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Gregory N. Henry sold 3,853 shares of the firm’s 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 transaction, the chief financial officer now directly owns 336,679 shares of the company’s stock, valued at approximately $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 54,883 shares of company stock valued at $950,915 over the last three months. 16.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Couchbase

Several hedge funds have recently made changes to their positions in BASE. Vanguard Group Inc. lifted its holdings in Couchbase by 3.3% during the 4th quarter. Vanguard Group Inc. now owns 5,126,087 shares of the company’s stock worth $79,916,000 after purchasing an additional 164,563 shares in the last quarter. Hood River Capital Management LLC increased its position in shares of Couchbase by 38.2% during the fourth quarter. Hood River Capital Management LLC now owns 2,738,468 shares of the company’s stock valued at $42,693,000 after buying an additional 756,394 shares during the period. EVR Research LP lifted its holdings in shares of Couchbase by 2.0% in the fourth quarter. EVR Research LP now owns 2,590,000 shares of the company’s stock worth $40,378,000 after buying an additional 50,000 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Couchbase by 26.8% in the fourth quarter. Franklin Resources Inc. now owns 2,089,104 shares of the company’s stock worth $32,569,000 after buying an additional 441,770 shares in the last quarter. Finally, Wasatch Advisors LP boosted its position in shares of Couchbase by 72.0% in the fourth quarter. Wasatch Advisors LP now owns 1,703,267 shares of the company’s stock valued at $26,554,000 after acquiring an additional 712,936 shares during the period. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

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.