Couchbase (NASDAQ:BASE) Price Target Raised to $23.00

Couchbase (NASDAQ:BASE) had its price target upped by Barclays from $19.00 to $23.00 in a research report released on Friday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other analysts have also weighed in on BASE. DA Davidson reduced their target price on Couchbase from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Morgan Stanley reduced their price target on shares of Couchbase from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 5th. Needham & Company LLC reissued a “buy” rating and issued a $22.00 price objective on shares of Couchbase in a research report on Thursday, September 5th. Stifel Nicolaus dropped their target price on shares of Couchbase from $25.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Finally, UBS Group decreased their price target on shares of Couchbase from $24.00 to $19.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.40.

Couchbase Trading Up 0.4 %

Shares of BASE opened at $19.25 on Friday. The company’s fifty day simple moving average is $16.05 and its 200-day simple moving average is $18.68. The company has a market cap of $987.91 million, a P/E ratio of -12.11 and a beta of 0.59. Couchbase has a twelve month low of $13.53 and a twelve month high of $32.00.

Couchbase (NASDAQ:BASE) last announced its quarterly earnings data on Wednesday, September 4th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.03. The business had revenue of $51.60 million during the quarter, compared to the consensus estimate of $51.11 million. Couchbase had a negative net margin of 39.51% and a negative return on equity of 54.84%. The firm’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.44) earnings per share. Analysts predict that Couchbase will post -1.51 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Couchbase news, Director Edward T. Anderson purchased 21,080 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was bought at an average cost of $14.16 per share, for a total transaction of $298,492.80. Following the completion of the purchase, the director now owns 85,902 shares in the company, valued at $1,216,372.32. This represents a 32.52 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Huw Owen sold 6,736 shares of the firm’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $15.07, for a total value of $101,511.52. Following the completion of the sale, the senior vice president now directly owns 373,647 shares of the company’s stock, valued at approximately $5,630,860.29. This represents a 1.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,448 shares of company stock worth $180,742 in the last three months. 16.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Couchbase

Several hedge funds have recently modified their holdings of BASE. Swiss National Bank increased its stake in Couchbase by 2.3% during the 1st quarter. Swiss National Bank now owns 61,700 shares of the company’s stock valued at $1,623,000 after purchasing an additional 1,400 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Couchbase by 918.4% during the first quarter. Sei Investments Co. now owns 119,717 shares of the company’s stock worth $3,150,000 after purchasing an additional 107,962 shares during the last quarter. ProShare Advisors LLC purchased a new position in shares of Couchbase during the first quarter worth $230,000. State Board of Administration of Florida Retirement System lifted its position in Couchbase by 57.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 15,730 shares of the company’s stock valued at $414,000 after purchasing an additional 5,740 shares during the period. Finally, Lord Abbett & CO. LLC acquired a new stake in Couchbase during the 1st quarter worth about $9,059,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

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.