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

Shares of Couchbase, Inc. (NASDAQ:BASE) have been assigned an average rating of “Moderate Buy” from the sixteen analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $22.19.

A number of brokerages have recently commented on BASE. Truist Financial started coverage on shares of Couchbase in a research report on Thursday, December 12th. They issued a “buy” rating and a $21.00 price objective for the company. Robert W. Baird lowered their price target on shares of Couchbase from $27.00 to $25.00 and set an “outperform” rating on the stock in a report on Wednesday, December 4th. Royal Bank of Canada dropped their price target on Couchbase from $25.00 to $22.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Barclays decreased their price objective on Couchbase from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Finally, The Goldman Sachs Group dropped their target price on Couchbase from $18.00 to $16.00 and set a “sell” rating for the company in a report on Thursday, February 27th.

Insiders Place Their Bets

In related news, CFO Gregory N. Henry sold 3,853 shares of Couchbase stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $15.14, for a total transaction of $58,334.42. Following the sale, the chief financial officer now directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Margaret Chow sold 15,000 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $18.31, for a total transaction of $274,650.00. Following the completion of the transaction, the senior vice president now directly owns 133,067 shares of the company’s stock, valued at approximately $2,436,456.77. The trade was a 10.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,883 shares of company stock worth $950,915 over the last three months. Insiders own 16.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Hood River Capital Management LLC grew its position in Couchbase by 38.2% during the 4th quarter. Hood River Capital Management LLC now owns 2,738,468 shares of the company’s stock worth $42,693,000 after acquiring an additional 756,394 shares during the last quarter. Wasatch Advisors LP grew its holdings in shares of 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 last quarter. Franklin Resources Inc. increased its stake in shares of Couchbase by 26.8% in the fourth quarter. Franklin Resources Inc. now owns 2,089,104 shares of the company’s stock valued at $32,569,000 after buying an additional 441,770 shares during the period. Portolan Capital Management LLC raised its holdings in Couchbase by 77.8% in the 3rd quarter. Portolan Capital Management LLC now owns 874,795 shares of the company’s stock valued at $14,102,000 after buying an additional 382,851 shares during the last quarter. Finally, 272 Capital LP acquired a new stake in Couchbase during the 3rd quarter worth approximately $3,720,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Couchbase Stock Performance

NASDAQ:BASE opened at $14.77 on Friday. The stock’s 50-day simple moving average is $17.19 and its 200 day simple moving average is $16.93. Couchbase has a 52-week low of $13.53 and a 52-week high of $28.69. The company has a market cap of $773.18 million, a P/E ratio of -9.23 and a beta of 0.81.

Couchbase (NASDAQ:BASE) last released its quarterly earnings data 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 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 analyst estimates of $53.25 million. As a group, equities analysts predict that Couchbase will post -1.48 earnings per share for the current fiscal year.

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.