Guggenheim Reiterates Buy Rating for Couchbase (NASDAQ:BASE)

Guggenheim reiterated their buy rating on shares of Couchbase (NASDAQ:BASE) in a report released on Tuesday, Benzinga reports. They currently have a $30.00 price target on the stock.

BASE has been the subject of several other research reports. UBS Group initiated coverage on shares of Couchbase in a research note on Wednesday, May 22nd. They set a neutral rating and a $31.00 price objective for the company. DA Davidson decreased their price target on shares of Couchbase from $35.00 to $30.00 and set a buy rating on the stock in a report on Friday, June 7th. Robert W. Baird decreased their price target on shares of Couchbase from $35.00 to $32.00 and set an outperform rating on the stock in a report on Thursday, June 6th. Royal Bank of Canada decreased their price target on shares of Couchbase from $35.00 to $31.00 and set an outperform rating on the stock in a report on Thursday, June 6th. Finally, Morgan Stanley decreased their price target on shares of Couchbase from $30.00 to $29.00 and set an equal weight rating on the stock in a report on Thursday, June 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $28.58.

Couchbase Trading Up 6.4 %

Shares of NASDAQ:BASE opened at $18.72 on Tuesday. The company has a 50 day moving average of $22.74 and a 200 day moving average of $24.45. The stock has a market cap of $941.80 million, a P/E ratio of -11.41 and a beta of 0.68. Couchbase has a 12 month low of $13.97 and a 12 month high of $32.00.

Insider Buying and Selling at Couchbase

In other Couchbase news, CFO Gregory N. Henry sold 3,982 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $16.52, for a total transaction of $65,782.64. Following the completion of the sale, the chief financial officer now owns 393,060 shares of the company’s stock, valued at approximately $6,493,351.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Gregory N. Henry sold 3,982 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $16.52, for a total value of $65,782.64. Following the completion of the sale, the chief financial officer now directly owns 393,060 shares of the company’s stock, valued at approximately $6,493,351.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Matthew M. Cain sold 10,053 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $26.58, for a total transaction of $267,208.74. Following the completion of the sale, the chief executive officer now directly owns 873,405 shares of the company’s stock, valued at $23,215,104.90. The disclosure for this sale can be found here. Insiders sold 67,848 shares of company stock valued at $1,547,562 in the last quarter. Company insiders own 16.10% of the company’s stock.

Institutional Investors Weigh In On Couchbase

Several institutional investors and hedge funds have recently modified their holdings of the stock. Andar Capital Management HK Ltd bought a new position in shares of Couchbase in the 4th quarter worth about $1,216,000. Circumference Group LLC bought a new position in shares of Couchbase in the 4th quarter worth about $4,504,000. Jump Financial LLC bought a new position in shares of Couchbase in the 4th quarter worth about $1,373,000. Federated Hermes Inc. increased its stake in shares of Couchbase by 8,574.1% in the 4th quarter. Federated Hermes Inc. now owns 12,404 shares of the company’s stock worth $279,000 after acquiring an additional 12,261 shares in the last quarter. Finally, Tudor Investment Corp Et Al increased its stake in shares of Couchbase by 40.6% in the 3rd 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 in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

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.