Couchbase, Inc. (NASDAQ:BASE) Receives $32.40 Average PT from Analysts

Couchbase, Inc. (NASDAQ:BASE) has received a consensus rating of “Moderate Buy” from the eleven research firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $32.40.

Several research analysts have recently issued reports on the stock. Oppenheimer raised their target price on shares of Couchbase from $25.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Royal Bank of Canada upped their price objective on shares of Couchbase from $32.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Robert W. Baird raised their target price on Couchbase from $28.00 to $35.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Stifel Nicolaus boosted their price target on Couchbase from $24.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, DA Davidson increased their price objective on Couchbase from $27.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th.

Insider Activity

In other news, SVP Margaret Chow sold 10,000 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $30.53, for a total transaction of $305,300.00. Following the sale, the senior vice president now owns 217,700 shares in the company, valued at approximately $6,646,381. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, SVP Margaret Chow sold 10,000 shares of Couchbase stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $30.53, for a total transaction of $305,300.00. Following the completion of the transaction, the senior vice president now directly owns 217,700 shares in the company, valued at $6,646,381. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew M. Cain sold 10,053 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $24.15, for a total value of $242,779.95. Following the completion of the sale, the chief executive officer now directly owns 883,458 shares in the company, valued at $21,335,510.70. The disclosure for this sale can be found here. Insiders sold a total of 55,228 shares of company stock worth $1,515,192 in the last quarter. 16.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Couchbase

A number of institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its stake in Couchbase by 8.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 110,782 shares of the company’s stock worth $1,901,000 after purchasing an additional 8,887 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Couchbase by 19.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,239 shares of the company’s stock valued at $262,000 after buying an additional 2,524 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Couchbase during the third quarter valued at approximately $67,000. Barclays PLC raised its holdings in Couchbase by 31.3% in the 3rd quarter. Barclays PLC now owns 16,452 shares of the company’s stock worth $282,000 after acquiring an additional 3,926 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Couchbase by 11.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 231,216 shares of the company’s stock valued at $3,968,000 after acquiring an additional 23,643 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Couchbase Stock Down 0.3 %

Shares of NASDAQ:BASE opened at $25.99 on Friday. The stock has a market cap of $1.30 billion, a PE ratio of -15.29 and a beta of 0.72. The company’s fifty day moving average is $25.88 and its 200 day moving average is $23.72. Couchbase has a 52 week low of $13.97 and a 52 week high of $32.00.

Couchbase (NASDAQ:BASE) last released its earnings results on Tuesday, March 5th. The company reported ($0.32) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.03. Couchbase had a negative return on equity of 54.61% and a negative net margin of 44.54%. The company had revenue of $50.09 million during the quarter, compared to analyst estimates of $46.56 million. Sell-side analysts anticipate that Couchbase will post -1.42 EPS for the current year.

About Couchbase

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.