Brokerages Set Couchbase, Inc. (NASDAQ:BASE) Target Price at $22.19

Couchbase, Inc. (NASDAQ:BASE - Get Free Report) has been given a consensus rating of "Moderate Buy" by the sixteen analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $22.19.

Several equities analysts recently issued reports on the stock. Morgan Stanley cut their price objective on shares of Couchbase from $25.00 to $23.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 26th. Needham & Company LLC restated a "buy" rating and set a $22.00 price objective on shares of Couchbase in a research note on Wednesday, February 26th. The Goldman Sachs Group cut their target price on Couchbase from $18.00 to $16.00 and set a "sell" rating on the stock in a research note on Thursday, February 27th. Royal Bank of Canada decreased their price target on shares of Couchbase from $25.00 to $22.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Finally, Wells Fargo & Company cut their price objective on shares of Couchbase from $23.00 to $20.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th.

Insider Buying and Selling

In other Couchbase news, CFO Gregory N. Henry sold 9,820 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was 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 represents a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Huw Owen sold 15,938 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $15.43, for a total value of $245,923.34. Following the completion of the transaction, the senior vice president now owns 427,699 shares in the company, valued at approximately $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 quarter, insiders sold 59,393 shares of company stock valued at $1,023,213. 16.10% of the stock is owned by corporate insiders.

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Institutional Investors Weigh In On Couchbase

A number of large investors have recently modified their holdings of BASE. Charles Schwab Investment Management Inc. lifted its stake in shares of Couchbase by 33.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 369,190 shares of the company's stock worth $5,951,000 after buying an additional 93,301 shares in the last quarter. Paloma Partners Management Co purchased a new position in Couchbase in the 3rd quarter worth approximately $355,000. Portolan Capital Management LLC boosted its holdings in shares of Couchbase by 77.8% during the 3rd quarter. Portolan Capital Management LLC now owns 874,795 shares of the company's stock worth $14,102,000 after purchasing an additional 382,851 shares during the last quarter. Point72 Asset Management L.P. grew its position in shares of Couchbase by 121.8% in the third quarter. Point72 Asset Management L.P. now owns 28,839 shares of the company's stock valued at $465,000 after purchasing an additional 15,839 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Couchbase by 4.1% in the third quarter. State Street Corp now owns 850,515 shares of the company's stock valued at $13,710,000 after purchasing an additional 33,294 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Couchbase Price Performance

Shares of Couchbase stock traded down $1.92 during trading on Wednesday, hitting $14.04. The stock had a trading volume of 1,539,927 shares, compared to its average volume of 547,893. The stock has a market cap of $745.52 million, a PE ratio of -8.78 and a beta of 0.85. Couchbase has a 12 month low of $12.92 and a 12 month high of $28.67. The firm's fifty day simple moving average is $16.62 and its 200-day simple moving average is $16.68.

Couchbase (NASDAQ:BASE - Get Free Report) last posted 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). The company had revenue of $54.92 million during the quarter, compared to analysts' expectations of $53.25 million. Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. Analysts expect that Couchbase will post -1.48 earnings per share for the current fiscal 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.