The Goldman Sachs Group Has Lowered Expectations for Couchbase (NASDAQ:BASE) Stock Price

Couchbase (NASDAQ:BASE) had its price objective cut by equities researchers at The Goldman Sachs Group from $18.00 to $16.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “sell” rating on the stock. The Goldman Sachs Group’s price objective indicates a potential downside of 9.35% from the company’s current price.

Other equities analysts have also issued reports about the stock. Royal Bank of Canada cut their price objective on shares of Couchbase from $25.00 to $22.00 and set an “outperform” rating on the stock in a report on Wednesday. Robert W. Baird cut their price target on Couchbase from $27.00 to $25.00 and set an “outperform” rating on the stock in a report on Wednesday, December 4th. Guggenheim reduced their price target on Couchbase from $30.00 to $26.00 and set a “buy” rating for the company in a research report on Wednesday. Wells Fargo & Company dropped their price objective on Couchbase from $23.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $22.00 target price on shares of Couchbase in a report on Wednesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Couchbase currently has a consensus rating of “Moderate Buy” and an average price target of $22.19.

Couchbase Trading Up 0.7 %

Shares of BASE stock opened at $17.65 on Thursday. Couchbase has a twelve month low of $13.53 and a twelve month high of $32.00. The stock has a fifty day simple moving average of $17.05 and a two-hundred day simple moving average of $17.04. The stock has a market capitalization of $923.94 million, a price-to-earnings ratio of -11.03 and a beta of 0.81.

Couchbase (NASDAQ:BASE) last released its quarterly earnings data 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 business had revenue of $54.92 million during the quarter, compared to analysts’ expectations of $53.25 million. Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. Research analysts predict that Couchbase will post -1.48 EPS for the current fiscal year.

Insider Buying and Selling at Couchbase

In other Couchbase news, SVP Margaret Chow sold 15,000 shares of Couchbase stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $18.31, for a total transaction of $274,650.00. Following the completion of the sale, the senior vice president now owns 133,067 shares of the company’s stock, valued at approximately $2,436,456.77. The trade was a 10.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Gregory N. Henry sold 3,853 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $15.14, for a total value of $58,334.42. Following the completion of the transaction, the chief financial officer now directly owns 336,679 shares in the company, valued at $5,097,320.06. This represents a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 54,883 shares of company stock worth $950,915. 16.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Couchbase

A number of large investors have recently bought and sold shares of the company. Quarry LP acquired a new stake in Couchbase during the 4th quarter valued at approximately $35,000. Daiwa Securities Group Inc. raised its holdings in shares of Couchbase by 22.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company’s stock worth $65,000 after purchasing an additional 759 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in Couchbase by 24.1% during the fourth 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 period. Harbor Capital Advisors Inc. boosted its holdings in Couchbase by 15.9% in the third quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company’s stock valued at $112,000 after purchasing an additional 956 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Couchbase during the 4th quarter worth about $112,000. Hedge funds and other 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.