Couchbase (NASDAQ:BASE) Given New $22.00 Price Target at Barclays

Couchbase (NASDAQ:BASE) had its target price reduced by equities researchers at Barclays from $23.00 to $22.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price objective indicates a potential upside of 35.38% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the company. Robert W. Baird lowered their target price on Couchbase from $27.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday, December 4th. Needham & Company LLC reiterated a “buy” rating and set a $22.00 target price on shares of Couchbase in a research report on Wednesday. Piper Sandler raised their price target on shares of Couchbase from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday. Morgan Stanley cut their price objective on shares of Couchbase from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 4th. Finally, Guggenheim reaffirmed a “buy” rating and set a $30.00 price target on shares of Couchbase in a research note on Wednesday, December 4th. 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $23.13.

Couchbase Trading Down 1.8 %

NASDAQ:BASE opened at $16.25 on Wednesday. The stock’s 50-day moving average is $16.90 and its 200-day moving average is $17.02. Couchbase has a 1-year low of $13.53 and a 1-year high of $32.00. The stock has a market cap of $850.66 million, a P/E ratio of -10.16 and a beta of 0.81.

Couchbase (NASDAQ:BASE) last announced its 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 return on equity of 57.22% and a negative net margin of 39.31%. As a group, equities analysts forecast that Couchbase will post -1.48 EPS for the current year.

Insider Buying and Selling at Couchbase

In other Couchbase news, SVP Huw Owen sold 2,993 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $16.02, for a total transaction of $47,947.86. Following the sale, the senior vice president now owns 325,993 shares in the company, valued at $5,222,407.86. This trade represents a 0.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Margaret Chow sold 15,000 shares of Couchbase stock in a transaction dated 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 directly owns 133,067 shares of the company’s stock, valued at approximately $2,436,456.77. This trade represents a 10.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 54,883 shares of company stock valued at $950,915 in the last 90 days. Corporate insiders own 16.10% of the company’s stock.

Hedge Funds Weigh In On Couchbase

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Couchbase by 3.3% during the 4th quarter. Vanguard Group Inc. now owns 5,126,087 shares of the company’s stock valued at $79,916,000 after purchasing an additional 164,563 shares during the period. Hood River Capital Management LLC lifted its stake in shares of Couchbase by 38.2% in the 4th quarter. Hood River Capital Management LLC now owns 2,738,468 shares of the company’s stock valued at $42,693,000 after purchasing an additional 756,394 shares during the period. EVR Research LP lifted its stake in shares of Couchbase by 2.0% in the 4th quarter. EVR Research LP now owns 2,590,000 shares of the company’s stock valued at $40,378,000 after purchasing an additional 50,000 shares during the period. Franklin Resources Inc. boosted its position in shares of Couchbase by 26.8% during the fourth quarter. Franklin Resources Inc. now owns 2,089,104 shares of the company’s stock valued at $32,569,000 after purchasing an additional 441,770 shares in the last quarter. Finally, Wasatch Advisors LP grew its stake in Couchbase by 72.0% in the fourth quarter. Wasatch Advisors LP now owns 1,703,267 shares of the company’s stock worth $26,554,000 after purchasing an additional 712,936 shares during the period. Hedge funds and other institutional investors 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.