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

Couchbase, Inc. (NASDAQ:BASE) has earned a consensus rating of “Moderate Buy” from the sixteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and thirteen have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $23.13.

A number of equities research analysts recently commented on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $25.00 target price on shares of Couchbase in a research report on Wednesday, December 4th. Piper Sandler reiterated an “overweight” rating and issued a $21.00 target price on shares of Couchbase in a research report on Wednesday, December 4th. Truist Financial assumed coverage on Couchbase in a research report on Thursday, December 12th. They issued a “buy” rating and a $21.00 target price on the stock. Stifel Nicolaus boosted their target price on Couchbase from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Finally, Guggenheim restated a “buy” rating and set a $30.00 price objective on shares of Couchbase in a research report on Wednesday, December 4th.

Couchbase Stock Up 3.0 %

Shares of Couchbase stock opened at $17.51 on Friday. The stock’s 50-day simple moving average is $17.09 and its 200-day simple moving average is $17.07. Couchbase has a 52 week low of $13.53 and a 52 week high of $32.00. The company has a market capitalization of $916.65 million, a price-to-earnings ratio of -10.94 and a beta of 0.79.

Couchbase (NASDAQ:BASE) last announced its quarterly earnings data on Tuesday, December 3rd. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.27). Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. During the same period in the previous year, the company earned ($0.34) earnings per share. On average, equities analysts expect that Couchbase will post -1.48 earnings per share for the current year.

Insider Activity

In related news, CFO Gregory N. Henry sold 3,853 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $15.14, for a total value of $58,334.42. Following the transaction, the chief financial officer now owns 336,679 shares of the company’s stock, valued at $5,097,320.06. This represents a 1.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Huw Owen sold 2,993 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $16.02, for a total value of $47,947.86. Following the completion of the transaction, the senior vice president now directly owns 325,993 shares in the company, valued at approximately $5,222,407.86. This trade represents a 0.91 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,233 shares of company stock valued at $252,552. 16.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 Asset Management L.P. grew its stake in Couchbase by 5.7% in the second quarter. Point72 Asset Management L.P. now owns 13,000 shares of the company’s stock worth $237,000 after purchasing an additional 700 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in Couchbase by 15.9% in the third quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company’s stock worth $112,000 after purchasing an additional 956 shares in the last quarter. SG Americas Securities LLC grew its stake in Couchbase by 12.2% in the fourth quarter. SG Americas Securities LLC now owns 13,546 shares of the company’s stock worth $211,000 after purchasing an additional 1,472 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Couchbase by 9.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,770 shares of the company’s stock valued at $379,000 after acquiring an additional 1,865 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in Couchbase by 28.5% during the 2nd quarter. Arizona State Retirement System now owns 11,032 shares of the company’s stock valued at $201,000 after acquiring an additional 2,445 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

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.