Couchbase, Inc. (NASDAQ:BASE) Receives $21.41 Consensus Target Price from Brokerages

Couchbase, Inc. (NASDAQ:BASE) has received an average rating of “Moderate Buy” from the seventeen research firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $21.41.

A number of research firms have recently issued reports on BASE. Guggenheim reduced their price target on shares of Couchbase from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Morgan Stanley cut their target price on shares of Couchbase from $23.00 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Rosenblatt Securities initiated coverage on Couchbase in a report on Wednesday, April 9th. They set a “buy” rating and a $20.00 target price for the company. Barclays cut their price target on Couchbase from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Finally, Wells Fargo & Company lowered their price objective on Couchbase from $23.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th.

Insider Activity at Couchbase

In other news, SVP Margaret Chow sold 15,000 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $18.31, for a total value of $274,650.00. Following the sale, the senior vice president now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Huw Owen sold 15,938 shares of the company’s stock in a transaction on Friday, March 28th. The shares were sold at an average price of $15.43, for a total value of $245,923.34. Following the completion of the sale, the senior vice president now owns 427,699 shares of the company’s stock, valued at approximately $6,599,395.57. This trade represents a 3.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,658 shares of company stock worth $709,172 over the last quarter. 16.10% of the stock is currently owned by company insiders.

Institutional Trading of Couchbase

A number of large investors have recently added to or reduced their stakes in the business. Barclays PLC boosted its stake in shares of 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 in the last quarter. Geode Capital Management LLC boosted its position in shares of Couchbase by 10.3% in the 3rd quarter. Geode Capital Management LLC now owns 944,447 shares of the company’s stock valued at $15,228,000 after purchasing an additional 88,068 shares during the period. Franklin Resources Inc. increased its stake in Couchbase by 27.3% in the 3rd quarter. Franklin Resources Inc. now owns 1,647,334 shares of the company’s stock worth $27,379,000 after purchasing an additional 353,233 shares in the last quarter. 272 Capital LP acquired a new stake in Couchbase during the 3rd quarter worth about $3,720,000. Finally, JPMorgan Chase & Co. raised its holdings in Couchbase by 169.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 192,216 shares of the company’s stock worth $3,099,000 after buying an additional 120,975 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Couchbase Stock Up 1.1 %

Shares of Couchbase stock opened at $17.84 on Friday. The business has a 50-day moving average price of $15.50 and a 200 day moving average price of $16.72. Couchbase has a fifty-two week low of $12.78 and a fifty-two week high of $28.67. The firm has a market cap of $963.02 million, a P/E ratio of -11.15 and a beta of 0.85.

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