Couchbase (NASDAQ:BASE) Price Target Cut to $18.00 by Analysts at UBS Group

Couchbase (NASDAQ:BASE) had its target price dropped by analysts at UBS Group from $19.00 to $18.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective suggests a potential downside of 4.79% from the stock’s previous close.

A number of other brokerages have also recently issued reports on BASE. Robert W. Baird lowered their target price 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. Truist Financial started coverage on Couchbase in a report on Thursday, December 12th. They set a “buy” rating and a $21.00 target price for the company. Royal Bank of Canada lowered their price target on shares of Couchbase from $25.00 to $22.00 and set an “outperform” rating for the company in a research report on Wednesday. Morgan Stanley dropped their price target on shares of Couchbase from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, Barclays dropped their price target on shares of Couchbase from $23.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Couchbase currently has an average rating of “Moderate Buy” and a consensus target price of $22.31.

Couchbase Stock Performance

Shares of BASE stock traded up $2.66 on Wednesday, hitting $18.91. The company had a trading volume of 656,755 shares, compared to its average volume of 467,521. Couchbase has a twelve month low of $13.53 and a twelve month high of $32.00. The stock’s 50-day moving average is $16.90 and its two-hundred day moving average is $17.02. The firm has a market cap of $989.69 million, a P/E ratio of -11.83 and a beta of 0.81.

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

Insider Buying and Selling

In other Couchbase 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 transaction of $58,334.42. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Huw Owen sold 2,993 shares of Couchbase stock in a transaction on Monday, January 6th. The shares were sold at an average price of $16.02, for a total value of $47,947.86. Following the completion of the sale, the senior vice president now owns 325,993 shares in the company, valued at $5,222,407.86. This represents a 0.91 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 54,883 shares of company stock worth $950,915. 16.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Couchbase

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Couchbase by 3.3% in the 4th quarter. Vanguard Group Inc. now owns 5,126,087 shares of the company’s stock valued at $79,916,000 after purchasing an additional 164,563 shares in the last quarter. Hood River Capital Management LLC increased its holdings in Couchbase by 38.2% in the 4th quarter. Hood River Capital Management LLC now owns 2,738,468 shares of the company’s stock valued at $42,693,000 after purchasing an additional 756,394 shares in the last quarter. EVR Research LP grew its position in Couchbase by 2.0% in the fourth quarter. EVR Research LP now owns 2,590,000 shares of the company’s stock valued at $40,378,000 after acquiring an additional 50,000 shares in the last quarter. Franklin Resources Inc. boosted its position in Couchbase by 26.8% in the 4th 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 last quarter. Finally, Wasatch Advisors LP grew its position 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 buying an additional 712,936 shares in the last quarter. Hedge funds and other 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.