Couchbase, Inc. (NASDAQ:BASE) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Couchbase, Inc. (NASDAQ:BASE) have earned a consensus rating of “Moderate Buy” from the sixteen brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $23.13.

A number of analysts have recently weighed in on the stock. UBS Group reduced their target price on shares of Couchbase from $24.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Guggenheim restated a “buy” rating and issued a $30.00 price objective on shares of Couchbase in a report on Wednesday, December 4th. Wedbush started coverage on shares of Couchbase in a report on Thursday, October 17th. They set an “outperform” rating and a $26.00 target price for the company. Morgan Stanley dropped their price target on Couchbase from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 4th. Finally, Barclays raised their price objective on Couchbase from $19.00 to $23.00 and gave the company an “overweight” rating in a research report on Friday, November 15th.

Couchbase Stock Up 0.4 %

NASDAQ BASE opened at $15.44 on Monday. The firm has a market capitalization of $808.25 million, a PE ratio of -9.65 and a beta of 0.71. The stock’s 50 day moving average is $17.66 and its 200 day moving average is $17.39. Couchbase has a twelve month low of $13.53 and a twelve month high of $32.00.

Insider Buying and Selling

In other Couchbase news, SVP Huw Owen sold 6,736 shares of the business’s stock in a transaction 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 sale, the senior vice president now directly owns 373,647 shares in the company, valued at approximately $5,630,860.29. The trade was a 1.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders sold 10,548 shares of company stock worth $163,390. 16.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Couchbase

Institutional investors and hedge funds have recently modified their holdings of the company. EVR Research LP lifted its holdings in Couchbase by 9.4% in the second quarter. EVR Research LP now owns 2,081,585 shares of the company’s stock valued at $38,010,000 after acquiring an additional 179,585 shares during the period. Franklin Resources Inc. increased its position in shares of Couchbase by 27.3% during the 3rd quarter. Franklin Resources Inc. now owns 1,647,334 shares of the company’s stock valued at $27,379,000 after purchasing an additional 353,233 shares during the last quarter. Hood River Capital Management LLC increased its position in shares of Couchbase by 7.8% during the 2nd quarter. Hood River Capital Management LLC now owns 1,629,893 shares of the company’s stock valued at $29,762,000 after purchasing an additional 118,372 shares during the last quarter. Wasatch Advisors LP lifted its stake in shares of Couchbase by 56.4% in the 3rd quarter. Wasatch Advisors LP now owns 990,331 shares of the company’s stock worth $15,964,000 after purchasing an additional 357,169 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Couchbase by 10.3% in the third quarter. Geode Capital Management LLC now owns 944,447 shares of the company’s stock worth $15,228,000 after buying an additional 88,068 shares during the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

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.