Couchbase, Inc. (NASDAQ:BASE) Receives $23.40 Consensus Target Price from Analysts

Couchbase, Inc. (NASDAQ:BASE) has received an average recommendation of “Moderate Buy” from the fifteen ratings firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $23.40.

BASE has been the topic of several recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $25.00 price target on shares of Couchbase in a research note on Thursday, September 5th. Oppenheimer dropped their price target on Couchbase from $25.00 to $23.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. Robert W. Baird decreased their target price on Couchbase from $32.00 to $27.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. DA Davidson lowered their target price on Couchbase from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Finally, Stifel Nicolaus reduced their price target on shares of Couchbase from $25.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th.

Insider Activity

In related news, 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 value of $101,511.52. Following the sale, the senior vice president now directly owns 373,647 shares in the company, valued at $5,630,860.29. This trade represents a 1.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Edward T. Anderson acquired 21,080 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were purchased at an average price of $14.16 per share, with a total value of $298,492.80. Following the acquisition, the director now owns 85,902 shares of the company’s stock, valued at approximately $1,216,372.32. This trade represents a 32.52 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 11,448 shares of company stock valued at $180,742 in the last 90 days. 16.10% of the stock is owned by company insiders.

Institutional Trading of Couchbase

A number of large investors have recently made changes to their positions in BASE. Vanguard Group Inc. grew its stake in Couchbase by 6.0% in the first quarter. Vanguard Group Inc. now owns 4,029,423 shares of the company’s stock valued at $106,014,000 after acquiring an additional 227,828 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in Couchbase by 21.6% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 190,103 shares of the company’s stock worth $5,002,000 after purchasing an additional 33,754 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Couchbase during the 3rd quarter worth approximately $772,000. Horrell Capital Management Inc. lifted its stake in Couchbase by 64.3% in the third quarter. Horrell Capital Management Inc. now owns 230,000 shares of the company’s stock valued at $3,708,000 after buying an additional 90,000 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Couchbase by 34.9% in the second quarter. Bank of New York Mellon Corp now owns 164,149 shares of the company’s stock valued at $2,997,000 after buying an additional 42,434 shares during the period. Institutional investors own 96.07% of the company’s stock.

Couchbase Stock Up 0.9 %

NASDAQ:BASE opened at $20.51 on Thursday. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of -12.90 and a beta of 0.59. The stock has a fifty day simple moving average of $17.24 and a 200 day simple moving average of $18.40. Couchbase has a 1-year low of $13.53 and a 1-year high of $32.00.

Couchbase (NASDAQ:BASE) last announced its quarterly earnings data on Wednesday, September 4th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.03. The company had revenue of $51.60 million during the quarter, compared to the consensus estimate of $51.11 million. Couchbase had a negative return on equity of 54.84% and a negative net margin of 39.51%. The company’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter last year, the company earned ($0.44) EPS. Equities analysts predict that Couchbase will post -1.51 earnings per share for the current year.

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.