Couchbase, Inc. (NASDAQ:BASE) Receives $23.13 Consensus Target Price from Analysts

Couchbase, Inc. (NASDAQ:BASE - Get Free Report) has earned an average rating of "Moderate Buy" from the sixteen research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and thirteen have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $23.13.

A number of equities analysts recently commented on BASE shares. Morgan Stanley decreased their target price on Couchbase from $27.00 to $25.00 and set an "equal weight" rating for the company in a report on Wednesday, December 4th. Wedbush started coverage on Couchbase in a report on Thursday, October 17th. They set an "outperform" rating and a $26.00 target price for the company. Guggenheim restated a "buy" rating and set a $30.00 target price on shares of Couchbase in a report on Wednesday, December 4th. Needham & Company LLC restated a "buy" rating and set a $22.00 target price on shares of Couchbase in a report on Wednesday, December 4th. Finally, Piper Sandler restated an "overweight" rating and set a $21.00 target price on shares of Couchbase in a report on Wednesday, December 4th.

Insider Transactions at Couchbase

In other news, SVP Margaret Chow sold 15,000 shares of the 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 sale, the senior vice president now directly owns 133,067 shares of the company's stock, valued at approximately $2,436,456.77. This represents a 10.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Gregory N. Henry sold 9,820 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $17.62, for a total value of $173,028.40. Following the sale, the chief financial officer now directly owns 304,555 shares in the company, valued at $5,366,259.10. This trade represents a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,883 shares of company stock valued at $950,915. Insiders own 16.10% of the company's stock.

Institutional Investors Weigh In On Couchbase

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

Couchbase Trading Down 1.7 %

BASE stock traded down $0.32 during midday trading on Tuesday, hitting $18.48. The company had a trading volume of 184,615 shares, compared to its average volume of 409,674. Couchbase has a 52 week low of $13.53 and a 52 week high of $32.00. The stock's 50 day moving average price is $16.62 and its 200 day moving average price is $17.03. The stock has a market cap of $967.43 million, a price-to-earnings ratio of -11.55 and a beta of 0.81.

Couchbase (NASDAQ:BASE - Get Free Report) last announced its earnings results on Tuesday, December 3rd. The company reported ($0.35) EPS for the quarter, missing analysts' consensus estimates 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 company posted ($0.34) EPS. Analysts predict that Couchbase will post -1.48 earnings per share for the current year.

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.