The Goldman Sachs Group Lowers Couchbase (NASDAQ:BASE) Price Target to $16.00

Couchbase (NASDAQ:BASE) had its price target dropped by investment analysts at The Goldman Sachs Group from $18.00 to $16.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “sell” rating on the stock. The Goldman Sachs Group’s target price points to a potential downside of 11.19% from the stock’s current price.

BASE has been the subject of several other research reports. Morgan Stanley lowered their price objective on Couchbase from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Wednesday. Robert W. Baird lowered their price target on shares of Couchbase from $27.00 to $25.00 and set an “outperform” rating for the company in a research report on Wednesday, December 4th. Needham & Company LLC restated a “buy” rating and issued a $22.00 price objective on shares of Couchbase in a report on Wednesday. Truist Financial initiated coverage on shares of Couchbase in a research note on Thursday, December 12th. They set a “buy” rating and a $21.00 target price for the company. Finally, UBS Group dropped their price target on Couchbase from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Wednesday. 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’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $22.19.

Couchbase Stock Down 1.3 %

Shares of Couchbase stock traded down $0.25 during trading on Thursday, reaching $18.02. 154,478 shares of the stock were exchanged, compared to its average volume of 478,770. The firm has a market cap of $943.05 million, a price-to-earnings ratio of -11.26 and a beta of 0.81. Couchbase has a 1 year low of $13.53 and a 1 year high of $32.00. The stock’s fifty day moving average is $16.96 and its 200 day moving average is $17.03.

Couchbase (NASDAQ:BASE) last issued its quarterly earnings data on Tuesday, February 25th. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.22). The business had revenue of $54.92 million during the quarter, compared to the consensus estimate of $53.25 million. Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. Equities analysts forecast that Couchbase will post -1.48 earnings per share for the current year.

Insider Activity at Couchbase

In other Couchbase news, SVP Huw Owen sold 7,575 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $15.22, for a total transaction of $115,291.50. Following the completion of the sale, the senior vice president now owns 341,709 shares of the company’s stock, valued at approximately $5,200,810.98. The trade was a 2.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Gregory N. Henry sold 3,853 shares of the company’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $15.14, for a total value of $58,334.42. Following the completion of the sale, the chief financial officer now owns 336,679 shares of the company’s stock, valued at approximately $5,097,320.06. The trade was a 1.13 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,883 shares of company stock worth $950,915. 16.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BASE. Mackenzie Financial Corp purchased a new stake in Couchbase in the 4th quarter worth approximately $382,000. Two Sigma Advisers LP boosted its position in shares of Couchbase by 32.4% in the fourth quarter. Two Sigma Advisers LP now owns 47,800 shares of the company’s stock worth $745,000 after purchasing an additional 11,700 shares during the period. ProShare Advisors LLC increased its stake in shares of Couchbase by 36.7% in the fourth quarter. ProShare Advisors LLC now owns 14,828 shares of the company’s stock worth $231,000 after purchasing an additional 3,979 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Couchbase by 5.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,361 shares of the company’s stock valued at $349,000 after purchasing an additional 1,076 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of Couchbase by 5.8% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 588,439 shares of the company’s stock valued at $9,174,000 after buying an additional 32,078 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

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.