Couchbase, Inc. (NASDAQ:BASE) Receives Consensus Rating of "Moderate Buy" from Brokerages

Couchbase, Inc. (NASDAQ:BASE - Get Free Report) has been given an average rating of "Moderate Buy" by the seventeen ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $21.41.

Several research firms have recently weighed in on BASE. Royal Bank of Canada cut their price target on Couchbase from $25.00 to $22.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Piper Sandler dropped their price objective on Couchbase from $22.00 to $16.00 and set an "overweight" rating for the company in a research note on Wednesday. Wells Fargo & Company reduced their target price on Couchbase from $23.00 to $20.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. UBS Group lowered their price objective on shares of Couchbase from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Finally, Guggenheim dropped 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.

Insider Buying and Selling

In other news, CFO Gregory N. Henry sold 9,820 shares of the stock in a transaction 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 sale, the chief financial officer now owns 304,555 shares in the company, valued at approximately $5,366,259.10. This represents a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Huw Owen sold 15,938 shares of the firm's stock in a transaction dated 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 represents a 3.59 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,658 shares of company stock worth $709,172. 16.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC lifted its stake in Couchbase by 242.9% in the 3rd quarter. Barclays PLC now owns 75,602 shares of the company's stock valued at $1,218,000 after purchasing an additional 53,555 shares during the last quarter. Geode Capital Management LLC increased its holdings in Couchbase by 10.3% in the 3rd quarter. Geode Capital Management LLC now owns 944,447 shares of the company's stock valued at $15,228,000 after buying an additional 88,068 shares during the period. Franklin Resources Inc. raised its holdings in shares of Couchbase by 27.3% during the 3rd quarter. Franklin Resources Inc. now owns 1,647,334 shares of the company's stock worth $27,379,000 after buying an additional 353,233 shares in the last quarter. 272 Capital LP acquired a new position in Couchbase during the third quarter worth about $3,720,000. Finally, JPMorgan Chase & Co. lifted its stake in Couchbase by 169.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 192,216 shares of the company's stock valued at $3,099,000 after purchasing an additional 120,975 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Couchbase Stock Up 0.2 %

Shares of NASDAQ BASE opened at $17.07 on Friday. The stock has a market cap of $921.46 million, a price-to-earnings ratio of -10.67 and a beta of 0.85. The company's fifty day moving average is $15.53 and its 200-day moving average is $16.69. Couchbase has a twelve month low of $12.78 and a twelve month high of $28.67.

Couchbase (NASDAQ:BASE - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported ($0.30) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.22). The business had revenue of $54.92 million during the quarter, compared to the consensus estimate of $53.25 million. Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. On average, research analysts anticipate that Couchbase will post -1.48 EPS for the current fiscal year.

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.

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