Couchbase (NASDAQ:BASE) Price Target Lowered to $29.00 at Morgan Stanley

Couchbase (NASDAQ:BASEFree Report) had its price target trimmed by Morgan Stanley from $30.00 to $29.00 in a research report sent to investors on Thursday morning, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Other equities analysts have also issued reports about the company. Barclays upped their target price on Couchbase from $29.00 to $33.00 and gave the company an equal weight rating in a report on Wednesday, March 6th. Stifel Nicolaus boosted their price objective on Couchbase from $24.00 to $33.00 and gave the stock a buy rating in a research report on Wednesday, March 6th. Oppenheimer reduced their price objective on Couchbase from $36.00 to $30.00 and set an outperform rating for the company in a research report on Thursday. DA Davidson boosted their price objective on Couchbase from $27.00 to $35.00 and gave the stock a buy rating in a research report on Wednesday, March 6th. Finally, Wells Fargo & Company boosted their price objective on Couchbase from $26.00 to $34.00 and gave the stock an overweight rating in a research report on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Couchbase has a consensus rating of Moderate Buy and a consensus price target of $29.82.

View Our Latest Stock Report on Couchbase

Couchbase Trading Down 14.5 %

NASDAQ:BASE opened at $18.41 on Thursday. The firm has a market capitalization of $924.18 million, a PE ratio of -10.83 and a beta of 0.68. The stock has a 50 day moving average of $25.09 and a 200-day moving average of $24.64. Couchbase has a 52 week low of $13.97 and a 52 week high of $32.00.

Couchbase (NASDAQ:BASEGet Free Report) last posted its earnings results on Tuesday, March 5th. The company reported ($0.32) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.03. The company had revenue of $50.09 million during the quarter, compared to analyst estimates of $46.56 million. Couchbase had a negative return on equity of 54.61% and a negative net margin of 44.54%. As a group, analysts predict that Couchbase will post -1.42 EPS for the current fiscal year.

Insiders Place Their Bets

In other Couchbase news, CEO Matthew M. Cain sold 18,101 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $22.05, for a total value of $399,127.05. Following the completion of the sale, the chief executive officer now directly owns 855,304 shares in the company, valued at $18,859,453.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Huw Owen sold 11,581 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $26.79, for a total transaction of $310,254.99. Following the completion of the sale, the senior vice president now owns 441,454 shares in the company, valued at approximately $11,826,552.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew M. Cain sold 18,101 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $22.05, for a total value of $399,127.05. Following the sale, the chief executive officer now owns 855,304 shares of the company’s stock, valued at approximately $18,859,453.20. The disclosure for this sale can be found here. Insiders sold 88,256 shares of company stock worth $2,268,200 over the last ninety days. Company insiders own 16.10% of the company’s stock.

Institutional Investors Weigh In On Couchbase

Institutional investors and hedge funds have recently modified their holdings of the stock. Andar Capital Management HK Ltd acquired a new stake in shares of Couchbase during the 4th quarter valued at $1,216,000. Jump Financial LLC acquired a new stake in shares of Couchbase during the 4th quarter valued at $1,373,000. Federated Hermes Inc. lifted its position in shares of Couchbase by 8,574.1% during the 4th quarter. Federated Hermes Inc. now owns 12,404 shares of the company’s stock valued at $279,000 after acquiring an additional 12,261 shares during the last quarter. Tudor Investment Corp Et Al lifted its position in shares of Couchbase by 40.6% during the 3rd quarter. Tudor Investment Corp Et Al now owns 141,261 shares of the company’s stock valued at $2,424,000 after acquiring an additional 40,808 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Couchbase by 74.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 166,352 shares of the company’s stock valued at $2,855,000 after purchasing an additional 70,978 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Couchbase Company Profile

(Get Free Report)

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.

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