Couchbase (NASDAQ:BASE) Receives New Coverage from Analysts at UBS Group

UBS Group assumed coverage on shares of Couchbase (NASDAQ:BASE) in a report published on Wednesday, Marketbeat reports. The firm issued a neutral rating and a $31.00 price target on the stock.

Other research analysts have also issued research reports about the company. The Goldman Sachs Group increased their target price on Couchbase from $20.00 to $30.00 and gave the company a neutral rating in a research report on Thursday, March 7th. Royal Bank of Canada boosted their target price on shares of Couchbase from $32.00 to $35.00 and gave the stock an outperform rating in a research note on Wednesday, March 6th. Barclays lifted their price objective on Couchbase from $29.00 to $33.00 and gave the stock an equal weight rating in a report on Wednesday, March 6th. Stifel Nicolaus increased their target price on Couchbase from $24.00 to $33.00 and gave the company a buy rating in a report on Wednesday, March 6th. Finally, DA Davidson lifted their price target on Couchbase from $27.00 to $35.00 and gave the stock a buy rating in a research note on Wednesday, March 6th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $32.27.

Couchbase Price Performance

Shares of NASDAQ BASE opened at $26.83 on Wednesday. The firm’s 50 day simple moving average is $25.80 and its 200-day simple moving average is $24.18. Couchbase has a 12 month low of $13.97 and a 12 month high of $32.00. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of -15.78 and a beta of 0.72.

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

Insider Transactions at Couchbase

In related news, SVP Margaret Chow sold 1,066 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $27.50, for a total value of $29,315.00. Following the completion of the sale, the senior vice president now owns 210,429 shares of the company’s stock, valued at $5,786,797.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Couchbase news, CFO Gregory N. Henry sold 18,747 shares of Couchbase stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $27.84, for a total value of $521,916.48. Following the sale, the chief financial officer now owns 330,652 shares in the company, valued at $9,205,351.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Margaret Chow sold 1,066 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $27.50, for a total value of $29,315.00. Following the completion of the transaction, the senior vice president now directly owns 210,429 shares in the company, valued at approximately $5,786,797.50. The disclosure for this sale can be found here. Insiders have sold a total of 70,281 shares of company stock worth $1,920,018 in the last quarter. Company insiders own 16.10% of the company’s stock.

Institutional Trading of Couchbase

Several institutional investors and hedge funds have recently bought and sold shares of BASE. NBC Securities Inc. purchased a new position in Couchbase during the first quarter worth about $26,000. Allspring Global Investments Holdings LLC acquired a new stake in Couchbase in the 3rd quarter valued at approximately $67,000. AJOVista LLC acquired a new stake in Couchbase in the 4th quarter valued at approximately $74,000. Daiwa Securities Group Inc. purchased a new stake in Couchbase in the fourth quarter valued at approximately $92,000. Finally, StepStone Group LP acquired a new position in Couchbase during the fourth quarter worth $133,000. 96.07% of the stock is currently 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.