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

Shares of Couchbase, Inc. (NASDAQ:BASE) have earned an average rating of “Moderate Buy” from the eleven analysts that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $32.40.

BASE has been the subject of several recent research reports. The Goldman Sachs Group upped their price target on shares of Couchbase from $20.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, March 7th. Wells Fargo & Company increased their price objective on shares of Couchbase from $26.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 5th. DA Davidson increased their price objective on shares of Couchbase from $27.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Robert W. Baird increased their price objective on shares of Couchbase from $28.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Finally, Stifel Nicolaus increased their price objective on shares of Couchbase from $24.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th.

Insider Buying and Selling at Couchbase

In related news, SVP Huw Owen sold 1,376 shares of the firm’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $25.00, for a total transaction of $34,400.00. Following the transaction, the senior vice president now directly owns 384,571 shares of the company’s stock, valued at $9,614,275. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Couchbase news, SVP Huw Owen sold 1,376 shares of Couchbase stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $25.00, for a total value of $34,400.00. Following the sale, the senior vice president now owns 384,571 shares of the company’s stock, valued at $9,614,275. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Gregory N. Henry sold 18,747 shares of Couchbase stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $27.84, for a total transaction of $521,916.48. Following the completion of the sale, the chief financial officer now directly owns 330,652 shares in the company, valued at approximately $9,205,351.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,051 shares of company stock valued at $1,531,812. Corporate insiders own 22.50% of the company’s stock.

Hedge Funds Weigh In On Couchbase

Several large investors have recently modified their holdings of the business. NBC Securities Inc. purchased a new position in Couchbase during the first quarter valued at approximately $26,000. Quadrature Capital Ltd bought a new stake in Couchbase during the fourth quarter valued at approximately $477,000. Vanguard Group Inc. lifted its position in Couchbase by 13.1% during the fourth quarter. Vanguard Group Inc. now owns 3,801,595 shares of the company’s stock valued at $85,612,000 after purchasing an additional 441,704 shares during the last quarter. Readystate Asset Management LP lifted its holdings in shares of Couchbase by 58.6% in the 4th quarter. Readystate Asset Management LP now owns 143,448 shares of the company’s stock worth $3,230,000 after acquiring an additional 53,000 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD bought a new stake in shares of Couchbase in the 4th quarter worth approximately $4,051,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Couchbase Price Performance

Shares of NASDAQ:BASE opened at $24.35 on Wednesday. The company has a market cap of $1.20 billion, a price-to-earnings ratio of -14.32 and a beta of 0.69. The firm has a 50 day simple moving average of $26.98 and a 200 day simple moving average of $22.46. Couchbase has a one year low of $13.97 and a one year high of $32.00.

Couchbase (NASDAQ:BASE) last issued its quarterly earnings data on Tuesday, March 5th. The company reported ($0.32) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.03. Couchbase had a negative net margin of 44.54% and a negative return on equity of 54.61%. The business had revenue of $50.09 million during the quarter, compared to the consensus estimate of $46.56 million. As a group, analysts expect that Couchbase will post -1.42 EPS for the current 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.