Couchbase, Inc. (NASDAQ:BASE) Given Average Rating of “Moderate Buy” by Brokerages

Couchbase, Inc. (NASDAQ:BASE) has been given a consensus rating of “Moderate Buy” by the fifteen ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $23.13.

A number of equities analysts have recently commented on the company. Wedbush initiated coverage on Couchbase in a report on Thursday, October 17th. They issued an “outperform” rating and a $26.00 price objective on the stock. Robert W. Baird reduced their price target on shares of Couchbase from $32.00 to $27.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. Piper Sandler decreased their price objective on shares of Couchbase from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. UBS Group cut their target price on shares of Couchbase from $24.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Finally, Stifel Nicolaus decreased their price target on shares of Couchbase from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, September 5th.

Couchbase Stock Performance

BASE opened at $16.25 on Friday. Couchbase has a 1 year low of $13.53 and a 1 year high of $32.00. The company’s 50 day simple moving average is $16.07 and its 200 day simple moving average is $19.11. The stock has a market capitalization of $833.95 million, a PE ratio of -10.22 and a beta of 0.59.

Couchbase (NASDAQ:BASE) last announced its quarterly earnings results on Wednesday, September 4th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. The company had revenue of $51.60 million for 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%. Couchbase’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter last year, the business earned ($0.44) EPS. As a group, sell-side analysts expect that Couchbase will post -1.51 earnings per share for the current fiscal year.

Insider Buying and Selling at Couchbase

In related news, Director Edward T. Anderson purchased 21,080 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was acquired at an average price of $14.16 per share, with a total value of $298,492.80. Following the completion of the transaction, the director now owns 85,902 shares of the company’s stock, valued at $1,216,372.32. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Edward T. Anderson purchased 21,080 shares of Couchbase stock in a transaction dated Thursday, September 19th. The stock was bought at an average cost of $14.16 per share, with a total value of $298,492.80. Following the purchase, the director now owns 85,902 shares in the company, valued at approximately $1,216,372.32. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Huw Owen sold 6,736 shares of the stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $15.07, for a total transaction of $101,511.52. Following the completion of the transaction, the senior vice president now owns 373,647 shares of the company’s stock, valued at $5,630,860.29. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,636 shares of company stock valued at $149,764 in the last three months. Corporate insiders own 16.10% of the company’s stock.

Institutional Trading of Couchbase

Institutional investors have recently modified their holdings of the company. Harbor Capital Advisors Inc. grew its holdings in Couchbase by 15.9% during the third quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company’s stock worth $112,000 after acquiring an additional 956 shares during the period. US Bancorp DE grew its stake in shares of Couchbase by 147.8% in the 3rd quarter. US Bancorp DE now owns 19,528 shares of the company’s stock worth $315,000 after purchasing an additional 11,648 shares during the last quarter. Horrell Capital Management Inc. raised its holdings in shares of Couchbase by 64.3% in the 3rd quarter. Horrell Capital Management Inc. now owns 230,000 shares of the company’s stock worth $3,708,000 after purchasing an additional 90,000 shares in the last quarter. Creative Planning lifted its stake in Couchbase by 59.0% during the third quarter. Creative Planning now owns 17,335 shares of the company’s stock valued at $279,000 after purchasing an additional 6,433 shares during the last quarter. Finally, Dana Investment Advisors Inc. boosted its holdings in Couchbase by 33.7% during the second quarter. Dana Investment Advisors Inc. now owns 74,869 shares of the company’s stock worth $1,367,000 after buying an additional 18,889 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

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.