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

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

In related news, CFO Gregory N. Henry sold 5,071 shares of Couchbase stock in a transaction that occurred on Friday, January 27th. The shares were sold at an average price of $15.03, for a total value of $76,217.13. Following the completion of the transaction, the chief financial officer now owns 289,386 shares in the company, valued at $4,349,471.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Gregory N. Henry sold 10,411 shares of Couchbase stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $15.09, for a total value of $157,101.99. Following the completion of the transaction, the chief financial officer now owns 278,975 shares in the company, valued at $4,209,732.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Gregory N. Henry sold 5,071 shares of the business’s stock in a transaction that occurred on Friday, January 27th. The stock was sold at an average price of $15.03, for a total transaction of $76,217.13. Following the sale, the chief financial officer now owns 289,386 shares of the company’s stock, valued at approximately $4,349,471.58. The disclosure for this sale can be found here. Insiders sold 18,952 shares of company stock worth $284,253 over the last 90 days. 24.60% of the stock is owned by insiders.

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

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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.