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

Couchbase, Inc. (NASDAQ:BASE - Get Free Report) has received an average recommendation of "Moderate Buy" from the fifteen research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $23.40.

Several equities analysts recently weighed in on BASE shares. UBS Group dropped their price objective on Couchbase from $24.00 to $19.00 and set a "neutral" rating for the company in a research note on Thursday, September 5th. Stifel Nicolaus dropped their price objective on Couchbase from $25.00 to $20.00 and set a "buy" rating for the company in a research note on Thursday, September 5th. Wedbush began coverage on Couchbase in a research note on Thursday, October 17th. They issued an "outperform" rating and a $26.00 price objective for the company. DA Davidson dropped their price target on Couchbase from $30.00 to $25.00 and set a "buy" rating for the company in a research report on Thursday, September 5th. Finally, Piper Sandler Companies began coverage on Couchbase in a research report on Friday, August 16th. They set an "overweight" rating and a $22.00 price target for the company.

Insider Transactions at Couchbase

In related news, SVP Huw Owen sold 6,736 shares of Couchbase stock in a transaction 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 approximately $5,630,860.29. This trade represents a 1.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Edward T. Anderson bought 21,080 shares of Couchbase stock in a transaction that occurred on Thursday, September 19th. The stock was purchased at an average price of $14.16 per share, for a total transaction of $298,492.80. Following the acquisition, the director now directly owns 85,902 shares of the company's stock, valued at $1,216,372.32. The trade was a 32.52 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 11,448 shares of company stock worth $180,742 over the last quarter. 16.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Couchbase by 6.0% during the first quarter. Vanguard Group Inc. now owns 4,029,423 shares of the company's stock worth $106,014,000 after purchasing an additional 227,828 shares in the last quarter. EVR Research LP increased its position in shares of Couchbase by 9.4% during the second quarter. EVR Research LP now owns 2,081,585 shares of the company's stock worth $38,010,000 after acquiring an additional 179,585 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Couchbase by 27.3% during the third 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. Hood River Capital Management LLC increased its position 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 during the last quarter. Finally, Wasatch Advisors LP increased its position 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 during the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Couchbase Price Performance

Shares of BASE stock traded down $0.09 during trading hours on Thursday, reaching $20.33. 196,623 shares of the company's stock were exchanged, compared to its average volume of 475,267. The company has a market cap of $1.04 billion, a P/E ratio of -12.79 and a beta of 0.59. The company's 50 day moving average is $16.97 and its two-hundred day moving average is $18.43. Couchbase has a 1 year low of $13.53 and a 1 year high of $32.00.

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