Analysts Set Couchbase, Inc. (NASDAQ:BASE) Price Target at $23.13

Couchbase, Inc. (NASDAQ:BASE - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the sixteen analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $23.13.

Several research analysts have recently weighed in on BASE shares. Stifel Nicolaus increased their price target on Couchbase from $20.00 to $22.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. Needham & Company LLC reiterated a "buy" rating and set a $22.00 target price on shares of Couchbase in a research report on Wednesday, December 4th. UBS Group reduced their target price on shares of Couchbase from $24.00 to $19.00 and set a "neutral" rating for the company in a research note on Thursday, September 5th. Royal Bank of Canada restated an "outperform" rating and set a $25.00 target price on shares of Couchbase in a research report on Wednesday, December 4th. Finally, Morgan Stanley reduced their price target on Couchbase from $27.00 to $25.00 and set an "equal weight" rating for the company in a research report on Wednesday, December 4th.

Couchbase Stock Performance

BASE traded down $0.25 during midday trading on Monday, reaching $15.19. The company had a trading volume of 65,606 shares, compared to its average volume of 486,239. The business has a 50-day moving average price of $17.66 and a two-hundred day moving average price of $17.39. Couchbase has a 12-month low of $13.53 and a 12-month high of $32.00. The stock has a market cap of $795.17 million, a PE ratio of -9.49 and a beta of 0.71.

Insider Transactions at Couchbase

In other Couchbase news, SVP Huw Owen sold 6,736 shares of the company's stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 373,647 shares of the company's stock, valued at $5,630,860.29. This represents a 1.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 10,548 shares of company stock valued at $163,390. Insiders own 16.10% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Portolan Capital Management LLC boosted its holdings in Couchbase by 77.8% during the 3rd quarter. Portolan Capital Management LLC now owns 874,795 shares of the company's stock valued at $14,102,000 after acquiring an additional 382,851 shares during the period. Wasatch Advisors LP raised its stake in shares of Couchbase by 56.4% during the third quarter. Wasatch Advisors LP now owns 990,331 shares of the company's stock valued at $15,964,000 after acquiring an additional 357,169 shares during the last quarter. Franklin Resources Inc. boosted its holdings 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 purchasing an additional 353,233 shares during the period. 272 Capital LP purchased a new position in Couchbase during the 3rd quarter valued at about $3,720,000. Finally, EVR Research LP grew its position in shares of Couchbase by 9.4% in the 2nd quarter. EVR Research LP now owns 2,081,585 shares of the company's stock worth $38,010,000 after buying an additional 179,585 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Couchbase Company Profile

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.