DA Davidson Trims Couchbase (NASDAQ:BASE) Target Price to $25.00

Couchbase (NASDAQ:BASE) had its price objective reduced by DA Davidson from $30.00 to $25.00 in a research note issued to investors on Thursday morning, Benzinga reports. DA Davidson currently has a buy rating on the stock. DA Davidson also issued estimates for Couchbase’s Q3 2025 earnings at ($0.33) EPS.

BASE has been the topic of several other reports. Guggenheim reiterated a buy rating and set a $30.00 target price on shares of Couchbase in a research report on Tuesday, June 25th. Robert W. Baird lowered their price target on Couchbase from $32.00 to $27.00 and set an outperform rating on the stock in a report on Thursday. Wells Fargo & Company dropped their target price on shares of Couchbase from $37.00 to $30.00 and set an overweight rating for the company in a research report on Thursday, June 6th. The Goldman Sachs Group cut shares of Couchbase from a neutral rating to a sell rating and decreased their price target for the stock from $30.00 to $18.00 in a research note on Thursday, June 6th. Finally, Needham & Company LLC restated a buy rating and set a $22.00 price objective on shares of Couchbase in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $22.93.

Couchbase Price Performance

BASE stock opened at $15.85 on Thursday. The company has a market cap of $797.41 million, a P/E ratio of -9.66 and a beta of 0.61. Couchbase has a 1 year low of $14.12 and a 1 year high of $32.00. The stock’s fifty day moving average price is $18.22 and its 200-day moving average price is $22.26.

Couchbase (NASDAQ:BASE) last released its quarterly earnings results on Wednesday, September 4th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.03. The firm had revenue of $51.60 million for the quarter, compared to the consensus estimate of $51.11 million. Couchbase had a negative return on equity of 54.49% and a negative net margin of 41.66%. The company’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same period last year, the business posted ($0.44) EPS. As a group, analysts expect that Couchbase will post -1.45 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Jeff Epstein sold 7,277 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $20.10, for a total transaction of $146,267.70. Following the transaction, the director now directly owns 28,027 shares in the company, valued at $563,342.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Huw Owen sold 7,792 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $16.84, for a total transaction of $131,217.28. Following the sale, the senior vice president now directly owns 405,123 shares of the company’s stock, valued at approximately $6,822,271.32. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jeff Epstein sold 7,277 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $20.10, for a total transaction of $146,267.70. Following the sale, the director now directly owns 28,027 shares in the company, valued at $563,342.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,987 shares of company stock worth $668,568. 16.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Dana Investment Advisors Inc. grew its position in shares of Couchbase by 33.7% in the 2nd quarter. Dana Investment Advisors Inc. now owns 74,869 shares of the company’s stock valued at $1,367,000 after buying an additional 18,889 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in shares of Couchbase by 5.7% in the 2nd quarter. Point72 Asset Management L.P. now owns 13,000 shares of the company’s stock worth $237,000 after acquiring an additional 700 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Couchbase by 9.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,770 shares of the company’s stock valued at $379,000 after purchasing an additional 1,865 shares in the last quarter. Dark Forest Capital Management LP purchased a new position in shares of Couchbase in the 2nd quarter valued at about $300,000. Finally, EVR Research LP increased its holdings in shares of Couchbase by 9.4% in the 2nd quarter. EVR Research LP now owns 2,081,585 shares of the company’s stock valued at $38,010,000 after purchasing an additional 179,585 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other 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.