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

Couchbase, Inc. (NASDAQ:BASE - Get Free Report) has been given an average rating of "Moderate Buy" by the sixteen brokerages that are presently covering the firm, MarketBeat reports. One research 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 1-year price objective among brokers that have covered the stock in the last year is $22.19.

A number of research firms have recently weighed in on BASE. UBS Group cut their price objective on Couchbase from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. Guggenheim reduced their price target on Couchbase from $30.00 to $26.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Stifel Nicolaus boosted their price objective on Couchbase from $20.00 to $22.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. Morgan Stanley cut their target price on shares of Couchbase from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 26th. Finally, Piper Sandler lifted their price target on shares of Couchbase from $21.00 to $22.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th.

Couchbase Stock Performance

Shares of NASDAQ BASE traded down $0.43 during trading on Friday, reaching $14.75. The stock had a trading volume of 996,848 shares, compared to its average volume of 537,144. The business's 50-day moving average price is $17.22 and its 200-day moving average price is $16.97. Couchbase has a fifty-two week low of $13.53 and a fifty-two week high of $28.69. The company has a market cap of $772.13 million, a P/E ratio of -9.22 and a beta of 0.81.

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Couchbase (NASDAQ:BASE - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.22). The business had revenue of $54.92 million for the quarter, compared to analyst estimates of $53.25 million. Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. Analysts forecast that Couchbase will post -1.48 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Margaret Chow sold 15,000 shares of Couchbase stock in a transaction that occurred 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 in the company, valued at $2,436,456.77. The trade was a 10.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Gregory N. Henry sold 3,853 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $15.14, for a total value of $58,334.42. Following the completion of the transaction, the chief financial officer now owns 336,679 shares of the company's stock, valued at $5,097,320.06. The trade was a 1.13 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,883 shares of company stock worth $950,915. Company insiders own 16.10% of the company's stock.

Institutional Trading of Couchbase

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quarry LP acquired a new position in Couchbase during the fourth quarter worth about $35,000. Summit Investment Advisors Inc. grew its holdings in shares of Couchbase by 24.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,161 shares of the company's stock worth $65,000 after acquiring an additional 807 shares during the period. Daiwa Securities Group Inc. increased its stake in Couchbase by 22.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company's stock valued at $65,000 after purchasing an additional 759 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in Couchbase by 15.9% during the third quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company's stock worth $112,000 after purchasing an additional 956 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in Couchbase during the fourth quarter worth $112,000. Institutional investors and hedge funds own 96.07% of the company's stock.

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.