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

Couchbase, Inc. (NASDAQ:BASE) has been given an average rating of “Moderate Buy” by the eleven ratings firms that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $32.40.

A number of equities research analysts have recently weighed in on BASE shares. Oppenheimer boosted their price target on Couchbase from $25.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Morgan Stanley upped their price objective on Couchbase from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 7th. Wells Fargo & Company upped their price objective on Couchbase from $26.00 to $34.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 5th. Robert W. Baird upped their price objective on Couchbase from $28.00 to $35.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Finally, DA Davidson upped their price objective on Couchbase from $27.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th.

Insider Transactions at Couchbase

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 value of $310,254.99. Following the completion of the transaction, the senior vice president now owns 441,454 shares of the company’s stock, valued at $11,826,552.66. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Gregory N. Henry sold 36,551 shares of the company’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $20.73, for a total value of $757,702.23. Following the completion of the sale, the chief financial officer now owns 362,433 shares in the company, valued at $7,513,236.09. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Huw Owen sold 11,581 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $26.79, for a total value of $310,254.99. Following the completion of the sale, the senior vice president now owns 441,454 shares of the company’s stock, valued at approximately $11,826,552.66. The disclosure for this sale can be found here. Over the last quarter, insiders sold 146,738 shares of company stock valued at $3,455,824. 22.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Couchbase

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Couchbase by 13.1% in the fourth quarter. Vanguard Group Inc. now owns 3,801,595 shares of the company’s stock valued at $85,612,000 after buying an additional 441,704 shares during the period. BlackRock Inc. lifted its holdings in shares of Couchbase by 16.0% during the second quarter. BlackRock Inc. now owns 2,419,606 shares of the company’s stock valued at $38,278,000 after purchasing an additional 333,433 shares during the last quarter. Bamco Inc. NY lifted its holdings in shares of Couchbase by 1.4% during the fourth quarter. Bamco Inc. NY now owns 2,354,581 shares of the company’s stock valued at $31,222,000 after purchasing an additional 33,046 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Couchbase by 25.3% during the first quarter. First Trust Advisors LP now owns 1,494,952 shares of the company’s stock valued at $26,042,000 after purchasing an additional 302,069 shares during the last quarter. Finally, Portolan Capital Management LLC lifted its holdings in shares of Couchbase by 24.3% during the second quarter. Portolan Capital Management LLC now owns 1,409,865 shares of the company’s stock valued at $22,304,000 after purchasing an additional 276,019 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Couchbase Stock Up 0.5 %

Shares of BASE opened at $26.12 on Friday. The business’s 50 day moving average is $26.84 and its two-hundred day moving average is $21.68. Couchbase has a 52-week low of $13.28 and a 52-week high of $32.00. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of -15.36 and a beta of 0.72.

Couchbase (NASDAQ:BASE) last announced its earnings results on Tuesday, March 5th. The company reported ($0.32) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.03. Couchbase had a negative return on equity of 53.93% and a negative net margin of 44.54%. The company had revenue of $50.09 million for the quarter, compared to analyst estimates of $46.56 million. On average, equities analysts expect that Couchbase will post -1.4 earnings per share for the current fiscal year.

About Couchbase

Couchbase, Inc provides a database 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 helps in 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.