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

Couchbase, Inc. (NASDAQ:BASE) has been assigned an average rating of “Moderate Buy” from the eleven brokerages that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $32.40.

Several equities analysts have commented on BASE shares. Guggenheim increased their price target 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 increased their price target 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. Stifel Nicolaus increased their price target on shares of Couchbase from $24.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Robert W. Baird increased their price target on shares of Couchbase from $28.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Finally, Oppenheimer increased their price target on shares of Couchbase from $25.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th.

Insider Activity

In related news, CFO Gregory N. Henry sold 18,747 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $27.84, for a total transaction of $521,916.48. Following the completion of the sale, the chief financial officer now directly owns 330,652 shares of the company’s stock, valued at $9,205,351.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, SVP Huw Owen sold 1,376 shares of the stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $25.00, for a total transaction of $34,400.00. Following the completion of the sale, the senior vice president now directly owns 384,571 shares of the company’s stock, valued at $9,614,275. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Gregory N. Henry sold 18,747 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $27.84, for a total value of $521,916.48. Following the sale, the chief financial officer now directly owns 330,652 shares of the company’s stock, valued at $9,205,351.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,104 shares of company stock valued at $1,774,592. 22.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Couchbase

Several hedge funds have recently modified their holdings of BASE. Tudor Investment Corp Et Al lifted its holdings in Couchbase by 40.6% in the third quarter. Tudor Investment Corp Et Al now owns 141,261 shares of the company’s stock valued at $2,424,000 after acquiring an additional 40,808 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Couchbase by 74.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 166,352 shares of the company’s stock valued at $2,855,000 after acquiring an additional 70,978 shares during the period. Vanguard Group Inc. lifted its holdings in Couchbase by 3.0% in the third quarter. Vanguard Group Inc. now owns 3,359,891 shares of the company’s stock valued at $57,656,000 after acquiring an additional 97,718 shares during the period. EAM Investors LLC acquired a new stake in Couchbase in the third quarter valued at $1,360,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Couchbase in the third quarter valued at $1,064,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Couchbase Stock Performance

BASE stock opened at $22.90 on Wednesday. The company’s 50 day moving average price is $26.73 and its 200 day moving average price is $22.60. Couchbase has a fifty-two week low of $13.97 and a fifty-two week high of $32.00. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of -13.47 and a beta of 0.69.

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