Morgan Stanley Has Lowered Expectations for Couchbase (NASDAQ:BASE) Stock Price

Couchbase (NASDAQ:BASE - Free Report) had its price target decreased by Morgan Stanley from $23.00 to $18.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

BASE has been the topic of a number of other research reports. The Goldman Sachs Group lowered their price target on Couchbase from $18.00 to $16.00 and set a "sell" rating on the stock in a report on Thursday, February 27th. Piper Sandler lifted their price target on Couchbase from $21.00 to $22.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Needham & Company LLC restated a "buy" rating and set a $22.00 target price on shares of Couchbase in a report on Wednesday, February 26th. Royal Bank of Canada reduced their target price on Couchbase from $25.00 to $22.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Finally, Guggenheim reduced their price objective on Couchbase from $30.00 to $26.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $21.76.

Couchbase Stock Performance

BASE traded down $0.22 during trading on Wednesday, reaching $14.67. The company's stock had a trading volume of 692,078 shares, compared to its average volume of 574,048. The company has a market capitalization of $778.98 million, a price-to-earnings ratio of -9.17 and a beta of 0.85. The company's fifty day moving average price is $15.80 and its 200-day moving average price is $16.67. Couchbase has a 52-week low of $12.78 and a 52-week high of $28.67.

Couchbase (NASDAQ:BASE - Get Free Report) last released its earnings results 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 analyst estimates of $53.25 million. Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. Equities analysts predict that Couchbase will post -1.48 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Gregory N. Henry sold 9,820 shares of Couchbase stock in a transaction that occurred 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 of the company's stock, valued at approximately $5,366,259.10. The trade was a 3.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Margaret Chow sold 15,000 shares of Couchbase stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $18.31, for a total transaction of $274,650.00. Following the sale, the senior vice president now owns 133,067 shares in the company, valued at approximately $2,436,456.77. This represents a 10.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,400 shares of company stock worth $975,265 in the last three months. 16.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Couchbase

Hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp lifted its stake in Couchbase by 4.1% during the third quarter. State Street Corp now owns 850,515 shares of the company's stock valued at $13,710,000 after purchasing an additional 33,294 shares during the last quarter. Barclays PLC grew its holdings in shares of Couchbase by 242.9% in the 3rd quarter. Barclays PLC now owns 75,602 shares of the company's stock worth $1,218,000 after acquiring an additional 53,555 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Couchbase by 10.3% during the third quarter. Geode Capital Management LLC now owns 944,447 shares of the company's stock worth $15,228,000 after purchasing an additional 88,068 shares during the period. Franklin Resources Inc. boosted its position 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 during the period. Finally, 272 Capital LP purchased a new position in Couchbase in the 3rd quarter worth about $3,720,000. 96.07% of the stock is currently owned by institutional investors.

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.