Couchbase (NASDAQ:BASE) Upgraded at Barclays

Barclays upgraded shares of Couchbase (NASDAQ:BASE) from an equal weight rating to an overweight rating in a report released on Monday morning, MarketBeat Ratings reports. The brokerage currently has $19.00 price objective on the stock.

A number of other equities research analysts also recently weighed in on BASE. Piper Sandler cut their price target on shares of Couchbase from $22.00 to $21.00 and set an overweight rating for the company in a report on Thursday, September 5th. Needham & Company LLC reissued a buy rating and issued a $22.00 price target on shares of Couchbase in a report on Thursday, September 5th. Morgan Stanley cut their price target on shares of Couchbase from $29.00 to $27.00 and set an equal weight rating for the company in a report on Thursday, September 5th. UBS Group cut their price target on shares of Couchbase from $24.00 to $19.00 and set a neutral rating for the company in a report on Thursday, September 5th. Finally, DA Davidson cut their price target on shares of Couchbase from $30.00 to $25.00 and set a buy rating for the company in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $22.93.

Couchbase Stock Down 0.1 %

BASE stock opened at $15.35 on Monday. The company has a market capitalization of $772.26 million, a P/E ratio of -9.36 and a beta of 0.59. The company has a 50-day simple moving average of $16.50 and a 200 day simple moving average of $20.22. Couchbase has a fifty-two week low of $13.53 and a fifty-two week high of $32.00.

Couchbase (NASDAQ:BASE) last posted its quarterly earnings data on Wednesday, September 4th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.03. The business had revenue of $51.60 million during the quarter, compared to the consensus estimate of $51.11 million. Couchbase had a negative net margin of 39.51% and a negative return on equity of 54.84%. The company’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.44) earnings per share. Equities analysts anticipate that Couchbase will post -1.5 EPS for the current year.

Insider Activity

In other Couchbase news, Director Edward T. Anderson bought 21,080 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were bought at an average price of $14.16 per share, for a total transaction of $298,492.80. Following the acquisition, the director now directly owns 85,902 shares of the company’s stock, valued at approximately $1,216,372.32. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Couchbase news, Director Edward T. Anderson bought 21,080 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were bought at an average price of $14.16 per share, for a total transaction of $298,492.80. Following the acquisition, the director now directly owns 85,902 shares of the company’s stock, valued at approximately $1,216,372.32. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 owns 776,437 shares in the company, valued at $15,536,504.37. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,056 shares of company stock worth $538,135 in the last 90 days. Company insiders own 16.10% of the company’s stock.

Hedge Funds Weigh In On Couchbase

A number of hedge funds have recently added to or reduced their stakes in BASE. Lord Abbett & CO. LLC bought a new stake in Couchbase during the first quarter worth approximately $9,059,000. Vanguard Group Inc. boosted its position in Couchbase by 6.0% during the first quarter. Vanguard Group Inc. now owns 4,029,423 shares of the company’s stock worth $106,014,000 after purchasing an additional 227,828 shares during the period. Acadian Asset Management LLC boosted its position in Couchbase by 346.2% during the first quarter. Acadian Asset Management LLC now owns 263,439 shares of the company’s stock worth $6,928,000 after purchasing an additional 204,396 shares during the period. EVR Research LP boosted its position in Couchbase by 9.4% during the second quarter. EVR Research LP now owns 2,081,585 shares of the company’s stock worth $38,010,000 after purchasing an additional 179,585 shares during the period. Finally, Pembroke Management LTD boosted its position 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 purchasing an additional 123,927 shares during the period. Institutional investors and hedge funds 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.