Guggenheim Cuts Couchbase (NASDAQ:BASE) Price Target to $26.00

Couchbase (NASDAQ:BASE - Get Free Report) had its price target cut by equities researchers at Guggenheim from $30.00 to $26.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Guggenheim's target price indicates a potential upside of 47.31% from the stock's previous close.

BASE has been the topic of several other reports. Wells Fargo & Company dropped 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. Barclays decreased their price objective on Couchbase from $23.00 to $22.00 and set an "overweight" rating for the company in a report on Wednesday. Truist Financial began coverage on Couchbase in a report on Thursday, December 12th. They issued a "buy" rating and a $21.00 price objective for the company. Needham & Company LLC reissued a "buy" rating and issued a $22.00 price objective on shares of Couchbase in a report on Wednesday. Finally, Morgan Stanley decreased their price objective on Couchbase from $25.00 to $23.00 and set an "equal weight" rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, Couchbase currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.19.

Couchbase Stock Performance

BASE traded up $0.12 during trading on Wednesday, hitting $17.65. 423,924 shares of the stock were exchanged, compared to its average volume of 489,060. The firm has a 50 day simple moving average of $17.05 and a 200 day simple moving average of $17.03. The firm has a market cap of $923.94 million, a price-to-earnings ratio of -11.03 and a beta of 0.81. Couchbase has a 1 year low of $13.53 and a 1 year high of $32.00.

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

Insider Buying and Selling at Couchbase

In other Couchbase news, SVP Margaret Chow sold 15,000 shares of the firm's stock in a transaction 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. This trade represents 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 at this hyperlink. Also, SVP Huw Owen sold 7,575 shares of the firm's stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $15.22, for a total value of $115,291.50. Following the completion of the sale, the senior vice president now owns 341,709 shares in the company, valued at approximately $5,200,810.98. This represents a 2.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 54,883 shares of company stock worth $950,915 over the last ninety days. Corporate insiders own 16.10% of the company's stock.

Institutional Trading of Couchbase

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mackenzie Financial Corp acquired a new stake in Couchbase in the fourth quarter valued at $382,000. Two Sigma Advisers LP increased its position in shares of Couchbase by 32.4% during the fourth quarter. Two Sigma Advisers LP now owns 47,800 shares of the company's stock worth $745,000 after purchasing an additional 11,700 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Couchbase by 36.7% during the fourth quarter. ProShare Advisors LLC now owns 14,828 shares of the company's stock worth $231,000 after purchasing an additional 3,979 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Couchbase by 5.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,361 shares of the company's stock worth $349,000 after purchasing an additional 1,076 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of Couchbase by 5.8% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 588,439 shares of the company's stock worth $9,174,000 after purchasing an additional 32,078 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

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.