Couchbase, Inc. (NASDAQ:BASE) Receives $32.40 Consensus Target Price from Brokerages

Shares of Couchbase, Inc. (NASDAQ:BASE) have received a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $32.40.

Several analysts have issued reports on BASE shares. Robert W. Baird upped their price target on shares of Couchbase from $28.00 to $35.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. DA Davidson increased their price target on shares of Couchbase from $27.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Guggenheim raised their target price on shares of Couchbase from $27.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Royal Bank of Canada raised their target price 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. Finally, Barclays increased their price target on shares of Couchbase from $29.00 to $33.00 and gave the company an “equal weight” rating in a report on Wednesday, March 6th.

Couchbase Trading Up 0.5 %

NASDAQ:BASE opened at $26.12 on Friday. The stock has a market capitalization of $1.26 billion, a PE ratio of -15.36 and a beta of 0.72. The firm’s 50 day moving average is $26.84 and its 200 day moving average is $21.68. Couchbase has a 12 month low of $13.28 and a 12 month high of $32.00.

Couchbase (NASDAQ:BASE) last released its quarterly earnings results on Tuesday, March 5th. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.35) by $0.03. Couchbase had a negative net margin of 44.54% and a negative return on equity of 53.93%. The firm had revenue of $50.09 million for the quarter, compared to analysts’ expectations of $46.56 million. Research analysts predict that Couchbase will post -1.4 earnings per share for the current year.

Insider Buying and Selling at Couchbase

In other news, SVP Huw Owen sold 40,604 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $21.38, for a total value of $868,113.52. Following the completion of the sale, the senior vice president now owns 394,704 shares in the company, valued at approximately $8,438,771.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Couchbase news, CFO Gregory N. Henry sold 36,551 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $20.73, for a total value of $757,702.23. Following the completion of the transaction, the chief financial officer now owns 362,433 shares of the company’s stock, valued at $7,513,236.09. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Huw Owen sold 40,604 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $21.38, for a total transaction of $868,113.52. Following the completion of the transaction, the senior vice president now directly owns 394,704 shares of the company’s stock, valued at approximately $8,438,771.52. The disclosure for this sale can be found here. Insiders sold a total of 146,738 shares of company stock valued at $3,455,824 in the last three months. Company insiders own 22.50% of the company’s stock.

Institutional Trading of Couchbase

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tudor Investment Corp Et Al increased its stake in shares of Couchbase by 40.6% in the third quarter. Tudor Investment Corp Et Al now owns 141,261 shares of the company’s stock worth $2,424,000 after acquiring an additional 40,808 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Couchbase by 74.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 166,352 shares of the company’s stock worth $2,855,000 after acquiring an additional 70,978 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Couchbase by 28.4% in the second quarter. Bank of New York Mellon Corp now owns 101,895 shares of the company’s stock worth $1,612,000 after acquiring an additional 22,530 shares during the period. EAM Investors LLC acquired a new stake in shares of Couchbase in the third quarter worth $1,360,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Couchbase in the third quarter worth $1,064,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

About Couchbase

Couchbase, Inc provides a database 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 helps in 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.