Truist Financial started coverage on shares of Couchbase (NASDAQ:BASE - Free Report) in a report released on Thursday, MarketBeat.com reports. The brokerage issued a buy rating and a $21.00 price objective on the stock.
Other research analysts have also recently issued reports about the company. UBS Group reduced their price target on Couchbase from $24.00 to $19.00 and set a "neutral" rating for the company in a research report on Thursday, September 5th. Piper Sandler reissued an "overweight" rating and issued a $21.00 price objective on shares of Couchbase in a report on Wednesday, December 4th. Wells Fargo & Company dropped their price target on shares of Couchbase from $30.00 to $23.00 and set an "overweight" rating on the stock in a research report on Thursday, September 5th. Royal Bank of Canada restated an "outperform" rating and set a $25.00 price objective on shares of Couchbase in a research note on Wednesday, December 4th. Finally, Morgan Stanley dropped their target price on shares of Couchbase from $27.00 to $25.00 and set an "equal weight" rating on the stock in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $23.13.
Read Our Latest Stock Analysis on Couchbase
Couchbase Price Performance
BASE stock traded up $0.08 during midday trading on Thursday, hitting $16.15. The company's stock had a trading volume of 389,661 shares, compared to its average volume of 485,706. The company's fifty day moving average price is $17.62 and its 200 day moving average price is $17.80. Couchbase has a twelve month low of $13.53 and a twelve month high of $32.00. The stock has a market capitalization of $845.42 million, a P/E ratio of -10.04 and a beta of 0.71.
Insider Activity at Couchbase
In other news, SVP Huw Owen sold 6,736 shares of the firm's stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $15.07, for a total transaction of $101,511.52. Following the transaction, the senior vice president now directly owns 373,647 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Edward T. Anderson purchased 21,080 shares of the business's stock in a transaction that occurred on Thursday, September 19th. The stock was bought at an average price of $14.16 per share, with a total value of $298,492.80. Following the completion of the purchase, the director now owns 85,902 shares of the company's stock, valued at $1,216,372.32. This trade represents a 32.52 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 10,548 shares of company stock worth $163,390 in the last ninety days. 16.10% of the stock is owned by company insiders.
Institutional Trading of Couchbase
Institutional investors have recently modified their holdings of the stock. EVR Research LP boosted its position in shares of Couchbase by 9.4% during the 2nd 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 in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Couchbase by 27.3% in the 3rd 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 increased its stake in shares of Couchbase by 7.8% in the 2nd quarter. Hood River Capital Management LLC now owns 1,629,893 shares of the company's stock valued at $29,762,000 after purchasing an additional 118,372 shares during the last quarter. Wasatch Advisors LP increased its stake in shares of Couchbase by 56.4% in the 3rd quarter. Wasatch Advisors LP now owns 990,331 shares of the company's stock valued at $15,964,000 after purchasing an additional 357,169 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Couchbase by 10.3% during the 3rd quarter. Geode Capital Management LLC now owns 944,447 shares of the company's stock worth $15,228,000 after buying an additional 88,068 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.
Couchbase Company Profile
(
Get Free Report)
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.
Recommended Stories
Before you consider Couchbase, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Couchbase wasn't on the list.
While Couchbase currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.