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

Shares of Couchbase, Inc. (NASDAQ:BASE) have been given an average recommendation of “Moderate Buy” by the sixteen analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $22.19.

A number of equities analysts have recently weighed in on BASE shares. UBS Group lowered their target price on Couchbase from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Wells Fargo & Company lowered their price objective on shares of Couchbase from $23.00 to $20.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Barclays decreased their target price on shares of Couchbase from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. DA Davidson reaffirmed a “buy” rating and issued a $25.00 price target on shares of Couchbase in a research report on Wednesday, December 4th. Finally, Stifel Nicolaus lifted their price target on Couchbase from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th.

Couchbase Trading Up 0.1 %

BASE stock opened at $14.77 on Friday. The firm has a market cap of $773.18 million, a PE ratio of -9.23 and a beta of 0.81. The stock has a 50-day moving average price of $17.19 and a 200-day moving average price of $16.93. Couchbase has a 1-year low of $13.53 and a 1-year high of $28.69.

Couchbase (NASDAQ:BASE) last posted its quarterly earnings results on Tuesday, February 25th. The company reported ($0.30) earnings per share 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 during the quarter, compared to the consensus estimate of $53.25 million. On average, analysts forecast that Couchbase will post -1.48 earnings per share for the current year.

Insider Transactions at Couchbase

In other news, CFO Gregory N. Henry sold 9,820 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $17.62, for a total transaction of $173,028.40. Following the completion of the transaction, the chief financial officer now directly owns 304,555 shares of the company’s stock, valued at $5,366,259.10. This represents a 3.12 % 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 Margaret Chow sold 15,000 shares of Couchbase stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $18.31, for a total transaction of $274,650.00. Following the completion of the sale, the senior vice president now directly owns 133,067 shares in the company, valued at $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 54,883 shares of company stock worth $950,915 in the last ninety days. Company insiders own 16.10% of the company’s stock.

Hedge Funds Weigh In On Couchbase

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Couchbase by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 5,126,087 shares of the company’s stock valued at $79,916,000 after buying an additional 164,563 shares during the period. Hood River Capital Management LLC raised its stake in 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 acquiring an additional 756,394 shares during the period. EVR Research LP raised its stake in 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 acquiring an additional 50,000 shares during the period. Franklin Resources Inc. lifted its holdings in 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 during the last quarter. Finally, Wasatch Advisors LP boosted its position in Couchbase by 72.0% during 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. 96.07% of the stock is owned by institutional investors.

About Couchbase

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.