Couchbase, Inc. (NASDAQ:BASE) Given Average Rating of “Moderate Buy” by Brokerages

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

A number of brokerages have recently commented on BASE. Royal Bank of Canada reissued an “outperform” rating and set a $25.00 price target on shares of Couchbase in a report on Wednesday, December 4th. Piper Sandler reissued an “overweight” rating and set a $21.00 target price on shares of Couchbase in a research note on Wednesday, December 4th. Robert W. Baird reduced their price target on shares of Couchbase from $27.00 to $25.00 and set an “outperform” rating for the company in a research note on Wednesday, December 4th. Guggenheim reiterated a “buy” rating and issued a $30.00 price objective on shares of Couchbase in a report on Wednesday, December 4th. Finally, Barclays boosted their target price on Couchbase from $19.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, November 15th.

Insider Activity

In other Couchbase news, SVP Huw Owen sold 7,575 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $15.22, for a total transaction of $115,291.50. Following the sale, the senior vice president now directly owns 341,709 shares of the company’s stock, valued at $5,200,810.98. The trade was a 2.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Gregory N. Henry sold 3,853 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was 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 directly owns 336,679 shares of the company’s stock, valued at approximately $5,097,320.06. This trade represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 54,883 shares of company stock valued at $950,915 over the last three months. Insiders own 16.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BASE. Barclays PLC boosted its position in Couchbase by 242.9% during the 3rd quarter. Barclays PLC now owns 75,602 shares of the company’s stock worth $1,218,000 after acquiring an additional 53,555 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Couchbase by 33.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 369,190 shares of the company’s stock worth $5,951,000 after purchasing an additional 93,301 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Couchbase during the third quarter worth approximately $772,000. JPMorgan Chase & Co. grew its position in Couchbase by 169.8% during the third quarter. JPMorgan Chase & Co. now owns 192,216 shares of the company’s stock valued at $3,099,000 after purchasing an additional 120,975 shares in the last quarter. Finally, 272 Capital LP acquired a new position in Couchbase in the 3rd quarter valued at approximately $3,720,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Couchbase Stock Up 2.9 %

Couchbase stock opened at $18.90 on Tuesday. Couchbase has a 52-week low of $13.53 and a 52-week high of $32.00. The firm has a market capitalization of $989.42 million, a price-to-earnings ratio of -11.81 and a beta of 0.81. The firm has a 50-day moving average price of $16.52 and a two-hundred day moving average price of $17.02.

Couchbase (NASDAQ:BASE) last issued its quarterly earnings data on Tuesday, December 3rd. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.27). Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. During the same period last year, the company earned ($0.34) EPS. Research analysts expect that Couchbase will post -1.48 earnings per share for the current year.

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.