Couchbase (NASDAQ:BASE) Receives “Hold” Rating from Stifel Nicolaus

Stifel Nicolaus reiterated their hold rating on shares of Couchbase (NASDAQ:BASE) in a report published on Tuesday morning,Benzinga reports. Stifel Nicolaus currently has a $24.50 price objective on the stock, up from their prior price objective of $22.00.

A number of other analysts have also weighed in on the stock. Guggenheim dropped their target price on shares of Couchbase from $30.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Rosenblatt Securities cut Couchbase from a “strong-buy” rating to a “hold” rating and raised their target price for the company from $22.00 to $24.50 in a research note on Friday, June 20th. The Goldman Sachs Group reduced their target price on shares of Couchbase from $18.00 to $16.00 and set a “sell” rating on the stock in a research report on Thursday, February 27th. Robert W. Baird restated a “neutral” rating and issued a $25.00 price objective (up previously from $22.00) on shares of Couchbase in a report on Monday. Finally, Wells Fargo & Company lowered Couchbase from a “strong-buy” rating to a “hold” rating and raised their price objective for the company from $20.00 to $24.50 in a research report on Friday, June 20th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $23.09.

Couchbase Stock Down 0.7%

NASDAQ BASE opened at $24.41 on Tuesday. The company has a 50-day simple moving average of $18.33 and a two-hundred day simple moving average of $16.92. Couchbase has a 12-month low of $12.78 and a 12-month high of $25.16. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of -17.82 and a beta of 0.82.

Couchbase (NASDAQ:BASE) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. Couchbase had a negative return on equity of 55.25% and a negative net margin of 33.23%. The business had revenue of $56.52 million for the quarter, compared to analysts’ expectations of $55.59 million. During the same period in the previous year, the firm earned ($0.10) EPS. The business’s quarterly revenue was up 10.1% on a year-over-year basis. Equities analysts expect that Couchbase will post -1.48 earnings per share for the current fiscal year.

Insider Activity

In other Couchbase news, CEO Matthew M. Cain sold 7,833 shares of the firm’s stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $20.01, for a total transaction of $156,738.33. Following the transaction, the chief executive officer now directly owns 952,347 shares in the company, valued at $19,056,463.47. This trade represents a 0.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO William Robert Carey sold 1,321 shares of the company’s stock in a transaction on Friday, June 20th. The stock was sold at an average price of $25.00, for a total value of $33,025.00. Following the completion of the sale, the chief financial officer now owns 92,443 shares of the company’s stock, valued at $2,311,075. This represents a 1.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 110,708 shares of company stock valued at $2,463,649. 16.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Woodline Partners LP raised its holdings in Couchbase by 60.7% in the first quarter. Woodline Partners LP now owns 17,069 shares of the company’s stock worth $269,000 after purchasing an additional 6,446 shares in the last quarter. Caxton Associates LLP acquired a new position in Couchbase during the 1st quarter valued at approximately $271,000. Goldman Sachs Group Inc. lifted its stake in shares of Couchbase by 42.0% during the first quarter. Goldman Sachs Group Inc. now owns 225,460 shares of the company’s stock worth $3,551,000 after buying an additional 66,719 shares during the period. Petrus Trust Company LTA raised its stake in Couchbase by 36.6% in the 1st quarter. Petrus Trust Company LTA now owns 17,971 shares of the company’s stock worth $283,000 after acquiring an additional 4,814 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Couchbase by 6.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,848 shares of the company’s stock worth $376,000 after purchasing an additional 1,487 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors.

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.