Couchbase (NASDAQ:BASE) Price Target Lowered to $22.00 at Barclays

Couchbase (NASDAQ:BASE) had its price objective reduced by stock analysts at Barclays from $23.00 to $22.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 35.38% from the company’s current price.

A number of other research firms also recently issued reports on BASE. 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $25.00 price target on shares of Couchbase in a research report on Wednesday, December 4th. Robert W. Baird dropped their price objective on Couchbase from $27.00 to $25.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 4th. Piper Sandler raised their target price on shares of Couchbase from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, DA Davidson reaffirmed a “buy” rating and set a $25.00 price target on shares of Couchbase in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Couchbase currently has an average rating of “Moderate Buy” and a consensus target price of $23.13.

Couchbase Stock Down 1.8 %

NASDAQ:BASE opened at $16.25 on Wednesday. The company has a market cap of $850.66 million, a P/E ratio of -10.16 and a beta of 0.81. Couchbase has a twelve month low of $13.53 and a twelve month high of $32.00. The business has a 50 day moving average price of $16.90 and a two-hundred day moving average price of $17.02.

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, analysts anticipate that Couchbase will post -1.48 earnings per share for the current fiscal year.

Insider Activity at Couchbase

In other news, SVP Margaret Chow sold 15,000 shares of Couchbase stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $18.31, for a total value 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 approximately $2,436,456.77. The trade was a 10.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 sale, the chief financial officer now directly owns 336,679 shares in the company, valued at $5,097,320.06. This represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,883 shares of company stock worth $950,915. Insiders own 16.10% of the company’s stock.

Institutional Trading of Couchbase

Several large investors have recently modified their holdings of BASE. Quarry LP bought a new position in Couchbase in the 4th quarter valued at about $35,000. Daiwa Securities Group Inc. raised its position in Couchbase by 22.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company’s stock valued at $65,000 after purchasing an additional 759 shares in the last quarter. Summit Investment Advisors Inc. lifted its stake in Couchbase by 24.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,161 shares of the company’s stock worth $65,000 after purchasing an additional 807 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of 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 purchasing an additional 956 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Couchbase in the 4th quarter valued at $112,000. 96.07% of the stock is owned by institutional investors and hedge funds.

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.