Couchbase, Inc. (NASDAQ:BASE) Receives $21.41 Average Target Price from Analysts

Shares of Couchbase, Inc. (NASDAQ:BASE) have received a consensus recommendation of “Moderate Buy” from the seventeen research firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and fourteen have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $21.41.

Several analysts have recently issued reports on BASE shares. The Goldman Sachs Group reduced their target price on Couchbase from $18.00 to $16.00 and set a “sell” rating on the stock in a report on Thursday, February 27th. Wells Fargo & Company dropped their target price on shares of Couchbase from $23.00 to $20.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Morgan Stanley reduced their price target on shares of Couchbase from $23.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Rosenblatt Securities started coverage on shares of Couchbase in a research report on Wednesday, April 9th. They set a “buy” rating and a $20.00 price objective for the company. Finally, Barclays decreased their price target on Couchbase from $23.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th.

Couchbase Trading Down 0.2 %

NASDAQ:BASE opened at $17.11 on Friday. The stock has a 50 day simple moving average of $15.48 and a 200 day simple moving average of $16.70. The stock has a market cap of $923.61 million, a P/E ratio of -10.69 and a beta of 0.85. Couchbase has a 1-year low of $12.78 and a 1-year high of $28.67.

Couchbase (NASDAQ:BASE) last released its quarterly earnings results on Tuesday, February 25th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.22). Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. The business had revenue of $54.92 million during the quarter, compared to analyst estimates of $53.25 million. As a group, sell-side analysts forecast that Couchbase will post -1.48 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Gregory N. Henry sold 9,820 shares of Couchbase stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $17.62, for a total transaction of $173,028.40. Following the completion of the transaction, the chief financial officer now owns 304,555 shares of the company’s stock, valued at $5,366,259.10. This trade represents a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Huw Owen sold 15,938 shares of the company’s stock in a transaction on Friday, March 28th. The shares were sold at an average price of $15.43, for a total transaction of $245,923.34. Following the sale, the senior vice president now directly owns 427,699 shares in the company, valued at $6,599,395.57. This trade represents a 3.59 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,658 shares of company stock valued at $709,172. 16.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in Couchbase by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 5,126,087 shares of the company’s stock worth $79,916,000 after purchasing an additional 164,563 shares during the period. Hood River Capital Management LLC grew its position in shares of Couchbase by 38.2% during the 4th quarter. Hood River Capital Management LLC now owns 2,738,468 shares of the company’s stock worth $42,693,000 after buying an additional 756,394 shares during the period. EVR Research LP increased its stake in shares of Couchbase by 2.0% in the 4th quarter. EVR Research LP now owns 2,590,000 shares of the company’s stock valued at $40,378,000 after acquiring an additional 50,000 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Couchbase by 26.8% during the 4th quarter. Franklin Resources Inc. now owns 2,089,104 shares of the company’s stock valued at $32,569,000 after acquiring an additional 441,770 shares during the period. Finally, Wasatch Advisors LP boosted its stake in Couchbase by 72.0% during the fourth quarter. Wasatch Advisors LP now owns 1,703,267 shares of the company’s stock worth $26,554,000 after acquiring an additional 712,936 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

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.