Couchbase, Inc. (NASDAQ:BASE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Couchbase, Inc. (NASDAQ:BASE) has been given a consensus recommendation of “Moderate Buy” by the sixteen analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $23.13.

Several research analysts have recently commented on the stock. Barclays increased their price target on shares of Couchbase from $19.00 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Royal Bank of Canada reissued an “outperform” rating and set a $25.00 target price on shares of Couchbase in a research report on Wednesday, December 4th. Truist Financial initiated coverage on Couchbase in a research report on Thursday, December 12th. They issued a “buy” rating and a $21.00 price target for the company. Wedbush assumed coverage on Couchbase in a report on Thursday, October 17th. They set an “outperform” rating and a $26.00 price objective on the stock. Finally, Piper Sandler reissued an “overweight” rating and issued a $21.00 price objective on shares of Couchbase in a research note on Wednesday, December 4th.

Insider Buying and Selling

In related news, SVP Margaret Chow sold 15,000 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $18.31, for a total value of $274,650.00. Following the completion of the transaction, the senior vice president now directly owns 133,067 shares of the company’s stock, valued at $2,436,456.77. This trade represents a 10.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Huw Owen sold 7,575 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $15.22, for a total transaction of $115,291.50. Following the completion of the sale, the senior vice president now directly owns 341,709 shares in the company, valued at $5,200,810.98. This trade represents a 2.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 54,883 shares of company stock valued at $950,915 over the last three months. 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 business. The Manufacturers Life Insurance Company grew its stake in shares of Couchbase by 9.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,770 shares of the company’s stock valued at $379,000 after purchasing an additional 1,865 shares during the period. Creative Planning grew its position in Couchbase by 59.0% in the third quarter. Creative Planning now owns 17,335 shares of the company’s stock valued at $279,000 after acquiring an additional 6,433 shares during the period. Horrell Capital Management Inc. raised its stake in Couchbase by 64.3% during the third quarter. Horrell Capital Management Inc. now owns 230,000 shares of the company’s stock worth $3,708,000 after acquiring an additional 90,000 shares in the last quarter. US Bancorp DE raised its stake in Couchbase by 147.8% during the third quarter. US Bancorp DE now owns 19,528 shares of the company’s stock worth $315,000 after acquiring an additional 11,648 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of Couchbase by 15.9% during the third quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company’s stock valued at $112,000 after acquiring an additional 956 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Couchbase Price Performance

Shares of NASDAQ BASE opened at $18.90 on Tuesday. Couchbase has a one year low of $13.53 and a one year high of $32.00. The business’s 50-day moving average price is $16.52 and its two-hundred day moving average price is $17.02. The company has a market capitalization of $989.42 million, a P/E ratio of -11.81 and a beta of 0.81.

Couchbase (NASDAQ:BASE) last announced its quarterly earnings results on Tuesday, December 3rd. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.27). Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. During the same period in the prior year, the firm posted ($0.34) earnings per share. On average, equities analysts anticipate that Couchbase will post -1.48 EPS for the current 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.