Couchbase (NASDAQ:BASE) Given New $16.00 Price Target at The Goldman Sachs Group

Couchbase (NASDAQ:BASE) had its target price trimmed by The Goldman Sachs Group from $18.00 to $16.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has a sell rating on the stock.

Other equities analysts have also recently issued reports about the stock. Barclays lowered their price target on shares of Couchbase from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday. Robert W. Baird lowered their price target on shares of Couchbase from $27.00 to $25.00 and set an “outperform” rating on the stock in a report on Wednesday, December 4th. Piper Sandler upped their price objective on shares of Couchbase from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday. DA Davidson reiterated a “buy” rating and issued a $25.00 price objective on shares of Couchbase in a report on Wednesday, December 4th. Finally, Wells Fargo & Company decreased their price objective on shares of Couchbase from $23.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $22.19.

Couchbase Stock Down 4.0 %

Couchbase stock opened at $17.53 on Thursday. The company’s fifty day simple moving average is $17.01 and its 200-day simple moving average is $17.03. Couchbase has a 12 month low of $13.53 and a 12 month high of $32.00. The stock has a market cap of $917.66 million, a P/E ratio of -10.96 and a beta of 0.81.

Couchbase (NASDAQ:BASE) last posted its quarterly earnings results on Tuesday, February 25th. The company reported ($0.30) 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 company had revenue of $54.92 million for the quarter, compared to analysts’ expectations of $53.25 million. On average, equities research analysts expect that Couchbase will post -1.48 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Couchbase news, SVP Margaret Chow sold 15,000 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $18.31, for a total transaction of $274,650.00. Following the completion of the transaction, the senior vice president now owns 133,067 shares of the company’s stock, valued at $2,436,456.77. The trade was a 10.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Huw Owen sold 7,575 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $15.22, for a total transaction of $115,291.50. Following the transaction, the senior vice president now directly owns 341,709 shares of the company’s stock, valued at $5,200,810.98. This represents a 2.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 54,883 shares of company stock valued at $950,915 in the last quarter. Insiders own 16.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Barclays PLC raised its position in shares of Couchbase by 242.9% during the third quarter. Barclays PLC now owns 75,602 shares of the company’s stock valued at $1,218,000 after buying an additional 53,555 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Couchbase by 33.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 369,190 shares of the company’s stock valued at $5,951,000 after buying an additional 93,301 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Couchbase by 169.8% during the third quarter. JPMorgan Chase & Co. now owns 192,216 shares of the company’s stock valued at $3,099,000 after buying an additional 120,975 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Couchbase during the third quarter valued at about $772,000. Finally, 272 Capital LP acquired a new position in shares of Couchbase during the third quarter valued at about $3,720,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

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.