Couchbase (NASDAQ:BASE) Now Covered by Rosenblatt Securities

Rosenblatt Securities initiated coverage on shares of Couchbase (NASDAQ:BASE - Free Report) in a report published on Wednesday, Marketbeat.com reports. The firm issued a buy rating and a $20.00 price target on the stock.

BASE has been the subject of several other research reports. Royal Bank of Canada dropped their target price on Couchbase from $25.00 to $22.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. UBS Group reduced their target price on Couchbase from $19.00 to $18.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. The Goldman Sachs Group decreased their target price on Couchbase from $18.00 to $16.00 and set a "sell" rating for the company in a research report on Thursday, February 27th. Piper Sandler upped their price target on shares of Couchbase from $21.00 to $22.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Finally, Wells Fargo & Company decreased their price objective on shares of Couchbase from $23.00 to $20.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $22.06.

Couchbase Trading Down 1.7 %

Shares of BASE stock traded down $0.26 on Wednesday, reaching $14.95. The company's stock had a trading volume of 271,872 shares, compared to its average volume of 560,424. The company has a market capitalization of $793.85 million, a price-to-earnings ratio of -9.34 and a beta of 0.85. The stock's fifty day simple moving average is $16.18 and its 200-day simple moving average is $16.68. Couchbase has a 1 year low of $12.78 and a 1 year high of $28.67.

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

Insider Activity at Couchbase

In related news, SVP Huw Owen sold 15,938 shares of the stock in a transaction that occurred on 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 directly owns 427,699 shares of the company's stock, valued at $6,599,395.57. This trade represents a 3.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Margaret Chow sold 15,000 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $18.31, for a total value of $274,650.00. Following the completion of the transaction, the senior vice president now directly owns 133,067 shares in the company, valued at $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 56,400 shares of company stock valued at $975,265 over the last 90 days. Insiders own 16.10% of the company's stock.

Hedge Funds Weigh In On Couchbase

Several large investors have recently made changes to their positions in the company. Quarry LP purchased a new position in Couchbase during the fourth quarter valued at $35,000. Daiwa Securities Group Inc. boosted its stake in Couchbase by 22.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company's stock worth $65,000 after purchasing an additional 759 shares during the last quarter. Summit Investment Advisors Inc. raised its position in shares of Couchbase by 24.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,161 shares of the company's stock valued at $65,000 after buying an additional 807 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Couchbase in the fourth quarter worth about $112,000. Finally, Dark Forest Capital Management LP acquired a new position in Couchbase during the fourth quarter worth about $165,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

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.