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

Shares of Couchbase, Inc. (NASDAQ:BASE) have received an average rating of “Moderate Buy” from the eleven analysts that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $32.40.

Several equities research analysts have commented on BASE shares. Stifel Nicolaus increased their price objective on shares of Couchbase from $24.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. The Goldman Sachs Group raised their price target on shares of Couchbase from $20.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. Guggenheim raised their price objective on shares of Couchbase from $27.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Wells Fargo & Company lifted their target price on shares of Couchbase from $26.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 5th. Finally, Royal Bank of Canada lifted their target price on shares of Couchbase from $32.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th.

Insiders Place Their Bets

In other news, 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 sale, the senior vice president now directly owns 441,454 shares of the company’s stock, valued at approximately $11,826,552.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Couchbase news, CAO William Robert Carey sold 4,431 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $27.90, for a total transaction of $123,624.90. Following the transaction, the chief accounting officer now owns 48,097 shares of the company’s stock, valued at $1,341,906.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Huw Owen sold 11,581 shares of the business’s 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 transaction, the senior vice president now directly owns 441,454 shares in the company, valued at approximately $11,826,552.66. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,051 shares of company stock valued at $1,531,812. Insiders own 22.50% of the company’s stock.

Institutional Investors Weigh In On Couchbase

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. NBC Securities Inc. purchased a new stake in shares of Couchbase in the 1st quarter valued at $26,000. Metropolitan Life Insurance Co NY purchased a new stake in Couchbase during the 1st quarter worth about $30,000. Ameritas Investment Partners Inc. increased its holdings in Couchbase by 145.6% during the 1st quarter. Ameritas Investment Partners Inc. now owns 1,822 shares of the company’s stock worth $32,000 after purchasing an additional 1,080 shares during the period. AJOVista LLC purchased a new stake in Couchbase during the 4th quarter worth about $74,000. Finally, US Bancorp DE purchased a new stake in Couchbase during the 4th quarter worth about $78,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Couchbase Stock Up 1.4 %

NASDAQ BASE opened at $24.35 on Wednesday. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of -14.32 and a beta of 0.69. Couchbase has a twelve month low of $13.97 and a twelve month high of $32.00. The stock has a fifty day simple moving average of $26.98 and a 200 day simple moving average of $22.46.

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

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.