Couchbase, Inc. (NASDAQ:BASE) Receives Consensus Rating of “Moderate Buy” from Analysts

Couchbase, Inc. (NASDAQ:BASE) has earned a consensus rating of “Moderate Buy” from the sixteen ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and thirteen have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $23.13.

Several equities analysts have recently weighed in on the company. Needham & Company LLC restated a “buy” rating and issued a $22.00 target price on shares of Couchbase in a research report on Wednesday, December 4th. Robert W. Baird dropped their target price on shares of Couchbase from $27.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday, December 4th. Guggenheim restated a “buy” rating and set a $30.00 price target on shares of Couchbase in a research report on Wednesday, December 4th. Barclays increased their price objective on shares of Couchbase from $19.00 to $23.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Finally, Piper Sandler restated an “overweight” rating and set a $21.00 target price on shares of Couchbase in a report on Wednesday, December 4th.

Couchbase Stock Performance

Shares of Couchbase stock opened at $18.48 on Tuesday. The firm has a 50-day simple moving average of $16.62 and a two-hundred day simple moving average of $17.02. Couchbase has a fifty-two week low of $13.53 and a fifty-two week high of $32.00. The company has a market cap of $967.43 million, a P/E ratio of -11.55 and a beta of 0.81.

Couchbase (NASDAQ:BASE) last released its quarterly earnings results on Tuesday, December 3rd. The company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.27). Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. During the same period last year, the firm posted ($0.34) earnings per share. Equities research analysts forecast that Couchbase will post -1.48 EPS for the current year.

Insider Activity at Couchbase

In other Couchbase news, CFO Gregory N. Henry sold 3,853 shares of the firm’s stock in a transaction that occurred on 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 owns 336,679 shares of the company’s stock, valued at $5,097,320.06. This trade represents a 1.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Margaret Chow sold 15,000 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $18.31, for a total value of $274,650.00. Following the sale, the senior vice president now directly owns 133,067 shares in the company, valued at $2,436,456.77. This represents a 10.13 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 54,883 shares of company stock worth $950,915. Corporate insiders own 16.10% of the company’s stock.

Hedge Funds Weigh In On Couchbase

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC lifted its stake in Couchbase by 242.9% in the third quarter. Barclays PLC now owns 75,602 shares of the company’s stock worth $1,218,000 after acquiring an additional 53,555 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Couchbase by 33.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 369,190 shares of the company’s stock worth $5,951,000 after purchasing an additional 93,301 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Couchbase during the third quarter worth $772,000. JPMorgan Chase & Co. increased its holdings in Couchbase by 169.8% in the third quarter. JPMorgan Chase & Co. now owns 192,216 shares of the company’s stock valued at $3,099,000 after buying an additional 120,975 shares during the last quarter. Finally, 272 Capital LP acquired a new stake in Couchbase in the third quarter valued at $3,720,000. 96.07% of the stock is owned by institutional investors and hedge funds.

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.