Barclays Issues Pessimistic Forecast for Couchbase (NASDAQ:BASE) Stock Price

Couchbase (NASDAQ:BASE) had its price target lowered by research analysts at Barclays from $23.00 to $22.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target would indicate a potential upside of 25.50% from the stock’s previous close.

BASE has been the subject of a number of other research reports. Morgan Stanley lowered their target price on Couchbase from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Wednesday, December 4th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $25.00 price objective on shares of Couchbase in a research note on Wednesday, December 4th. Stifel Nicolaus lifted their target price on shares of Couchbase from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Truist Financial started coverage on shares of Couchbase in a report on Thursday, December 12th. They set a “buy” rating and a $21.00 target price on the stock. Finally, Guggenheim reaffirmed a “buy” rating and set a $30.00 price target on shares of Couchbase in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Couchbase presently has an average rating of “Moderate Buy” and an average price target of $22.19.

Couchbase Trading Down 4.0 %

Shares of Couchbase stock opened at $17.53 on Wednesday. The firm’s 50 day moving average is $17.01 and its 200 day moving average is $17.03. The firm has a market capitalization of $917.66 million, a PE ratio of -10.96 and a beta of 0.81. Couchbase has a 1 year low of $13.53 and a 1 year high of $32.00.

Couchbase (NASDAQ:BASE) last posted its earnings results on Tuesday, February 25th. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.22). The company had revenue of $54.92 million for the quarter, compared to the consensus estimate of $53.25 million. Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. As a group, research analysts anticipate that Couchbase will post -1.48 earnings per share for the current year.

Insider Transactions at Couchbase

In other news, SVP Huw Owen sold 7,575 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $15.22, for a total transaction of $115,291.50. Following the transaction, the senior vice president now directly owns 341,709 shares of the company’s stock, valued at $5,200,810.98. This represents a 2.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Margaret Chow sold 15,000 shares of Couchbase stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $18.31, for a total transaction of $274,650.00. Following the completion of the sale, the senior vice president now directly owns 133,067 shares of the company’s stock, valued at approximately $2,436,456.77. The trade was a 10.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 54,883 shares of company stock valued at $950,915 in the last 90 days. 16.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Couchbase

Several hedge funds and other institutional investors have recently made changes to their positions in BASE. Quarry LP bought a new position in Couchbase in the 4th quarter valued at about $35,000. Daiwa Securities Group Inc. increased its holdings in Couchbase by 22.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company’s stock worth $65,000 after purchasing an additional 759 shares in the last quarter. Summit Investment Advisors Inc. raised its stake in shares of Couchbase by 24.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,161 shares of the company’s stock worth $65,000 after purchasing an additional 807 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Couchbase by 15.9% in the third quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company’s stock valued at $112,000 after purchasing an additional 956 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Couchbase during the fourth quarter valued at approximately $112,000. 96.07% of the stock is owned by 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.