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

Couchbase, Inc. (NASDAQ:BASE) has been assigned an average recommendation of “Moderate Buy” from the fifteen brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $23.40.

A number of research analysts recently issued reports on BASE shares. Piper Sandler decreased their target price on Couchbase from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Thursday, September 5th. Morgan Stanley decreased their price target on Couchbase from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Thursday, September 5th. Piper Sandler Companies began coverage on Couchbase in a report on Friday, August 16th. They set an “overweight” rating and a $22.00 price target for the company. Robert W. Baird decreased their price target on Couchbase from $32.00 to $27.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. Finally, Oppenheimer decreased their price target on Couchbase from $25.00 to $23.00 and set an “outperform” rating for the company in a report on Thursday, September 5th.

Insider Activity at Couchbase

In other Couchbase news, SVP Huw Owen sold 6,736 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $15.07, for a total transaction of $101,511.52. Following the transaction, the senior vice president now owns 373,647 shares in the company, valued at approximately $5,630,860.29. The trade was a 1.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Edward T. Anderson bought 21,080 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were acquired at an average price of $14.16 per share, for a total transaction of $298,492.80. Following the transaction, the director now directly owns 85,902 shares in the company, valued at $1,216,372.32. This trade represents a 32.52 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 11,448 shares of company stock worth $180,742 in the last quarter. Company insiders own 16.10% of the company’s stock.

Institutional Investors Weigh In On Couchbase

Several institutional investors have recently modified their holdings of the company. Point72 Asset Management L.P. boosted its stake in shares of Couchbase by 5.7% during the 2nd quarter. Point72 Asset Management L.P. now owns 13,000 shares of the company’s stock worth $237,000 after acquiring an additional 700 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in Couchbase by 15.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company’s stock valued at $112,000 after buying an additional 956 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Couchbase by 9.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,770 shares of the company’s stock valued at $379,000 after buying an additional 1,865 shares in the last quarter. Arizona State Retirement System lifted its stake in Couchbase by 28.5% in the 2nd quarter. Arizona State Retirement System now owns 11,032 shares of the company’s stock valued at $201,000 after buying an additional 2,445 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in Couchbase in the 2nd quarter valued at approximately $47,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Couchbase Stock Down 0.4 %

BASE opened at $20.33 on Thursday. Couchbase has a 52 week low of $13.53 and a 52 week high of $32.00. The business has a fifty day simple moving average of $16.85 and a 200-day simple moving average of $18.41. The firm has a market cap of $1.04 billion, a P/E ratio of -12.79 and a beta of 0.59.

Couchbase (NASDAQ:BASE) last released its earnings results on Wednesday, September 4th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. The firm had revenue of $51.60 million during the quarter, compared to analyst estimates of $51.11 million. Couchbase had a negative return on equity of 54.84% and a negative net margin of 39.51%. Couchbase’s revenue was up 19.7% compared to the same quarter last year. During the same period last year, the business posted ($0.44) earnings per share. Sell-side analysts expect that Couchbase will post -1.51 earnings per share for the current year.

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.