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

Shares of Couchbase, Inc. (NASDAQ:BASE) have earned an average recommendation of “Moderate Buy” from the sixteen brokerages that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $23.13.

Several equities analysts recently issued reports on the company. Barclays upped their target price on Couchbase from $19.00 to $23.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Stifel Nicolaus increased their price objective on Couchbase from $20.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Needham & Company LLC restated a “buy” rating and issued a $22.00 price objective on shares of Couchbase in a research note on Wednesday, December 4th. Royal Bank of Canada reiterated an “outperform” rating and issued a $25.00 target price on shares of Couchbase in a research report on Wednesday, December 4th. Finally, Piper Sandler reissued an “overweight” rating and set a $21.00 price target on shares of Couchbase in a research report on Wednesday, December 4th.

Insider Transactions at Couchbase

In related news, CFO Gregory N. Henry sold 3,853 shares of the business’s stock in a transaction 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 sale, the chief financial officer now owns 336,679 shares of the company’s stock, valued at approximately $5,097,320.06. The trade was a 1.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Huw Owen sold 2,993 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $16.02, for a total transaction of $47,947.86. Following the transaction, the senior vice president now owns 325,993 shares of the company’s stock, valued at $5,222,407.86. This represents a 0.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,233 shares of company stock valued at $252,552 in the last ninety days. 16.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Couchbase

A number of institutional investors and hedge funds have recently modified their holdings of BASE. Charles Schwab Investment Management Inc. lifted its stake in Couchbase by 33.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 369,190 shares of the company’s stock valued at $5,951,000 after buying an additional 93,301 shares in the last quarter. Barclays PLC lifted its position in shares of Couchbase by 242.9% in the third quarter. Barclays PLC now owns 75,602 shares of the company’s stock valued at $1,218,000 after acquiring an additional 53,555 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Couchbase in the third quarter valued at approximately $772,000. 272 Capital LP acquired a new stake in shares of Couchbase in the third quarter worth approximately $3,720,000. Finally, Geode Capital Management LLC increased its position in shares of Couchbase by 10.3% during the third quarter. Geode Capital Management LLC now owns 944,447 shares of the company’s stock worth $15,228,000 after purchasing an additional 88,068 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Couchbase Trading Up 2.3 %

Shares of Couchbase stock opened at $16.36 on Friday. The firm’s 50 day simple moving average is $17.34 and its two-hundred day simple moving average is $17.12. The firm has a market capitalization of $856.45 million, a price-to-earnings ratio of -10.23 and a beta of 0.79. Couchbase has a 12-month low of $13.53 and a 12-month high of $32.00.

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.