Shares of Couchbase, Inc. (NASDAQ:BASE – Get Rating) have received an average rating of “Moderate Buy” from the eleven analysts that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $19.40.
A number of analysts have issued reports on the stock. Barclays lifted their price target on shares of Couchbase from $16.00 to $19.00 and gave the company an “overweight” rating in a report on Wednesday, February 15th. Morgan Stanley increased their target price on shares of Couchbase from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 8th. Guggenheim reiterated a “buy” rating and set a $20.00 price target on shares of Couchbase in a research report on Wednesday, March 8th. The Goldman Sachs Group lowered their price objective on shares of Couchbase from $20.00 to $18.00 and set a “neutral” rating for the company in a research note on Wednesday, December 7th. Finally, Wedbush assumed coverage on shares of Couchbase in a research note on Wednesday, December 14th. They issued a “neutral” rating and a $16.00 price objective for the company.
Couchbase Stock Up 4.7 %
Shares of BASE opened at $15.29 on Tuesday. The company has a market capitalization of $690.65 million, a P/E ratio of -9.99 and a beta of 0.63. The firm has a 50 day moving average of $15.05 and a 200 day moving average of $14.03. Couchbase has a twelve month low of $10.19 and a twelve month high of $19.97.
Insider Buying and Selling
Institutional Trading of Couchbase
Several institutional investors have recently modified their holdings of the stock. Alliancebernstein L.P. lifted its position in shares of Couchbase by 20.7% during the 4th quarter. Alliancebernstein L.P. now owns 25,700 shares of the company’s stock worth $341,000 after buying an additional 4,400 shares during the last quarter. B. Riley Asset Management LLC lifted its position in shares of Couchbase by 100.8% during the 4th quarter. B. Riley Asset Management LLC now owns 199,813 shares of the company’s stock worth $2,650,000 after buying an additional 100,293 shares during the last quarter. State of Wisconsin Investment Board purchased a new stake in shares of Couchbase during the 4th quarter worth approximately $324,000. Squarepoint Ops LLC lifted its position in shares of Couchbase by 160.2% during the 4th quarter. Squarepoint Ops LLC now owns 78,096 shares of the company’s stock worth $1,036,000 after buying an additional 48,078 shares during the last quarter. Finally, Morgan Stanley lifted its position in shares of Couchbase by 52.4% during the 4th quarter. Morgan Stanley now owns 491,202 shares of the company’s stock worth $6,513,000 after buying an additional 168,905 shares during the last quarter. Hedge funds and other institutional investors own 59.22% of the company’s stock.
Couchbase Company Profile
Couchbase, Inc provides a database for enterprise applications worldwide. 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 Server, a multi-service NoSQL database, which provides SQL-compatible query language and SQL++, that allows for a various array of data manipulation functions; and Couchbase Capella, an automated and secure Database-as-a-Service that helps in database management by deploying, managing, and operating Couchbase Server across cloud environments.
- Get a free copy of the StockNews.com research report on Couchbase (BASE)
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