Couchbase (NASDAQ:BASE) Earns Buy Rating from Analysts at Truist Financial

Truist Financial started coverage on shares of Couchbase (NASDAQ:BASE) in a research note published on Thursday, MarketBeat reports. The brokerage issued a buy rating and a $21.00 price target on the stock.

A number of other equities research analysts have also recently commented on the stock. Wells Fargo & Company decreased their target price on shares of Couchbase from $30.00 to $23.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. Piper Sandler restated an “overweight” rating and set a $21.00 target price on shares of Couchbase in a research note on Wednesday, December 4th. Piper Sandler Companies started coverage on shares of Couchbase in a research note on Friday, August 16th. They set an “overweight” rating and a $22.00 target price on the stock. Stifel Nicolaus raised their target price on shares of Couchbase from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $22.00 price objective on shares of Couchbase in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.13.

Couchbase Stock Down 5.0 %

Shares of NASDAQ BASE opened at $15.34 on Thursday. The firm’s 50-day moving average price is $17.67 and its 200-day moving average price is $17.66. The company has a market cap of $803.02 million, a PE ratio of -9.59 and a beta of 0.71. Couchbase has a 52-week low of $13.53 and a 52-week high of $32.00.

Insider Transactions at Couchbase

In related news, SVP Huw Owen sold 6,736 shares of Couchbase stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $15.07, for a total value of $101,511.52. Following the completion of the sale, the senior vice president now directly owns 373,647 shares in the company, valued at $5,630,860.29. The trade was a 1.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Edward T. Anderson bought 21,080 shares of Couchbase stock in a transaction on Thursday, September 19th. The stock was purchased at an average price of $14.16 per share, with a total value of $298,492.80. Following the completion of the acquisition, the director now directly owns 85,902 shares of the company’s stock, valued at $1,216,372.32. This represents a 32.52 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 10,548 shares of company stock worth $163,390. 16.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Couchbase

A number of large investors have recently modified their holdings of the business. SG Americas Securities LLC purchased a new stake in Couchbase in the second quarter valued at approximately $1,283,000. Bank of New York Mellon Corp boosted its position in 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 last quarter. Pembroke Management LTD boosted its position in Couchbase by 18.1% in the second quarter. Pembroke Management LTD now owns 809,876 shares of the company’s stock valued at $14,788,000 after buying an additional 123,927 shares during the last quarter. Rhumbline Advisers boosted its position in Couchbase by 14.3% in the second quarter. Rhumbline Advisers now owns 53,544 shares of the company’s stock valued at $978,000 after buying an additional 6,707 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in Couchbase by 28.5% in the second quarter. Arizona State Retirement System now owns 11,032 shares of the company’s stock valued at $201,000 after buying an additional 2,445 shares during the last quarter. Hedge funds and other institutional investors 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.