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

Couchbase, Inc. (NASDAQ:BASE) has been assigned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $32.40.

A number of brokerages have commented on BASE. DA Davidson upped their price target on Couchbase from $27.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. The Goldman Sachs Group lifted their target price on Couchbase from $20.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, March 7th. Robert W. Baird lifted their target price on Couchbase from $28.00 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Oppenheimer lifted their target price on Couchbase from $25.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Finally, Wells Fargo & Company lifted their target price on Couchbase from $26.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, March 5th.

Insider Buying and Selling at Couchbase

In other Couchbase news, SVP Huw Owen sold 1,376 shares of Couchbase stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $25.00, for a total transaction of $34,400.00. Following the completion of the sale, the senior vice president now directly owns 384,571 shares of the company’s stock, valued at approximately $9,614,275. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Couchbase news, SVP Margaret Chow sold 10,000 shares of Couchbase stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $30.53, for a total transaction of $305,300.00. Following the completion of the sale, the senior vice president now directly owns 217,700 shares of the company’s stock, valued at approximately $6,646,381. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Huw Owen sold 1,376 shares of Couchbase stock in a transaction on 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 directly owns 384,571 shares of the company’s stock, valued at $9,614,275. The disclosure for this sale can be found here. Insiders sold a total of 61,604 shares of company stock valued at $1,687,092 in the last ninety days. Corporate insiders own 22.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. NBC Securities Inc. bought a new position in shares of Couchbase in the 1st quarter worth $26,000. AJOVista LLC bought a new position in shares of Couchbase in the 4th quarter worth $74,000. Allspring Global Investments Holdings LLC bought a new position in shares of Couchbase in the 3rd quarter worth $67,000. Daiwa Securities Group Inc. bought a new position in shares of Couchbase in the 4th quarter worth $92,000. Finally, Harbor Capital Advisors Inc. raised its position in shares of Couchbase by 45.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 5,759 shares of the company’s stock worth $99,000 after acquiring an additional 1,796 shares in the last quarter. 96.07% of the stock is owned by institutional investors.

Couchbase Stock Up 4.5 %

Shares of BASE opened at $24.09 on Wednesday. The business has a 50-day simple moving average of $26.59 and a two-hundred day simple moving average of $22.69. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of -14.17 and a beta of 0.69. Couchbase has a 52 week low of $13.97 and a 52 week high of $32.00.

Couchbase (NASDAQ:BASE) last issued its quarterly earnings results on Tuesday, March 5th. The company reported ($0.32) EPS for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.03. The business had revenue of $50.09 million during the quarter, compared to analysts’ expectations of $46.56 million. Couchbase had a negative return on equity of 54.61% and a negative net margin of 44.54%. On average, equities analysts anticipate that Couchbase will post -1.42 earnings per share for the current fiscal year.

About Couchbase

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.