Couchbase, Inc. (NASDAQ:BASE) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Couchbase, Inc. (NASDAQ:BASE - Get Free Report) have been given a consensus rating of "Moderate Buy" by the fifteen research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $23.40.

BASE has been the subject of several recent research reports. Oppenheimer lowered their target price on Couchbase from $25.00 to $23.00 and set an "outperform" rating for the company in a report on Thursday, September 5th. Robert W. Baird lowered their target price on Couchbase from $32.00 to $27.00 and set an "outperform" rating for the company in a report on Thursday, September 5th. Piper Sandler lowered their target price on Couchbase from $22.00 to $21.00 and set an "overweight" rating for the company in a report on Thursday, September 5th. Needham & Company LLC reissued a "buy" rating and issued a $22.00 price objective on shares of Couchbase in a report on Thursday, September 5th. Finally, Morgan Stanley decreased their price objective on Couchbase from $29.00 to $27.00 and set an "equal weight" rating for the company in a report on Thursday, September 5th.

Insider Activity

In related news, Director Edward T. Anderson acquired 21,080 shares of the business's stock in a transaction dated Thursday, September 19th. The stock was bought at an average price of $14.16 per share, for a total transaction of $298,492.80. Following the transaction, the director now owns 85,902 shares of the company's stock, valued at approximately $1,216,372.32. The trade was a 32.52 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Huw Owen sold 6,736 shares of the stock in a transaction on Friday, September 27th. The shares were sold at an average price of $15.07, for a total value of $101,511.52. Following the sale, the senior vice president now owns 373,647 shares of the company's stock, valued at $5,630,860.29. This trade represents a 1.77 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,448 shares of company stock worth $180,742. Insiders own 16.10% of the company's stock.

Institutional Trading of Couchbase

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Couchbase by 6.0% in the first quarter. Vanguard Group Inc. now owns 4,029,423 shares of the company's stock valued at $106,014,000 after purchasing an additional 227,828 shares in the last quarter. EVR Research LP lifted its holdings in shares of Couchbase by 9.4% in the second 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 in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Couchbase by 27.3% in the third quarter. Franklin Resources Inc. now owns 1,647,334 shares of the company's stock valued at $27,379,000 after purchasing an additional 353,233 shares in the last quarter. Hood River Capital Management LLC raised its holdings in shares of Couchbase by 7.8% during the second quarter. Hood River Capital Management LLC now owns 1,629,893 shares of the company's stock worth $29,762,000 after acquiring an additional 118,372 shares in the last quarter. Finally, Wasatch Advisors LP raised its holdings in shares of Couchbase by 56.4% during the third 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 in the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Couchbase Trading Down 0.4 %

NASDAQ BASE traded down $0.09 on Thursday, hitting $20.33. 196,623 shares of the stock traded hands, compared to its average volume of 475,267. The stock has a 50-day moving average of $16.97 and a 200 day moving average of $18.43. Couchbase has a twelve month low of $13.53 and a twelve month high of $32.00. The company has a market capitalization of $1.04 billion, a P/E ratio of -12.79 and a beta of 0.59.

Couchbase (NASDAQ:BASE - Get Free Report) last posted its earnings results on Wednesday, September 4th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.03. The company had revenue of $51.60 million during the quarter, compared to analyst estimates of $51.11 million. Couchbase had a negative return on equity of 54.84% and a negative net margin of 39.51%. The business's revenue was up 19.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.44) earnings per share. As a group, equities research analysts expect that Couchbase will post -1.51 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.