Couchbase, Inc. (NASDAQ:BASE) Receives $23.13 Average PT from Brokerages

Couchbase, Inc. (NASDAQ:BASE) has received a consensus rating of “Moderate Buy” from the sixteen analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $23.13.

Several equities analysts recently issued reports on the company. Guggenheim reissued a “buy” rating and issued a $30.00 target price on shares of Couchbase in a research report on Wednesday, December 4th. Morgan Stanley cut their price objective on Couchbase from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 4th. Stifel Nicolaus upped their target price on Couchbase from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Royal Bank of Canada reiterated an “outperform” rating and issued a $25.00 price objective on shares of Couchbase in a research note on Wednesday, December 4th. Finally, Wedbush began coverage on shares of Couchbase in a research report on Thursday, October 17th. They set an “outperform” rating and a $26.00 target price for the company.

Insider Buying and Selling

In other news, SVP Huw Owen sold 6,736 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $15.07, for a total value of $101,511.52. Following the transaction, the senior vice president now owns 373,647 shares in the company, valued at $5,630,860.29. This trade represents a 1.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders sold 9,448 shares of company stock valued at $146,890. 16.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Portolan Capital Management LLC lifted its position in Couchbase by 77.8% during the third quarter. Portolan Capital Management LLC now owns 874,795 shares of the company’s stock worth $14,102,000 after buying an additional 382,851 shares in the last quarter. Wasatch Advisors LP increased its stake in shares of Couchbase by 56.4% in the 3rd quarter. Wasatch Advisors LP now owns 990,331 shares of the company’s stock worth $15,964,000 after acquiring an additional 357,169 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Couchbase by 27.3% in the 3rd quarter. Franklin Resources Inc. now owns 1,647,334 shares of the company’s stock worth $27,379,000 after acquiring an additional 353,233 shares during the last quarter. 272 Capital LP acquired a new position in shares of Couchbase during the 3rd quarter valued at about $3,720,000. Finally, EVR Research LP boosted its holdings in 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 during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Couchbase Stock Up 1.5 %

Shares of Couchbase stock opened at $15.50 on Monday. The company has a 50 day moving average price of $17.59 and a 200 day moving average price of $17.31. The firm has a market capitalization of $811.39 million, a P/E ratio of -9.69 and a beta of 0.71. Couchbase has a 52 week low of $13.53 and a 52 week high of $32.00.

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.