UBS Group Issues Pessimistic Forecast for Couchbase (NASDAQ:BASE) Stock Price

Couchbase (NASDAQ:BASE - Free Report) had its target price trimmed by UBS Group from $19.00 to $18.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other brokerages have also recently issued reports on BASE. Piper Sandler increased their price objective on shares of Couchbase from $21.00 to $22.00 and gave the company an "overweight" rating in a research note on Wednesday. Wells Fargo & Company dropped their price objective on shares of Couchbase from $23.00 to $20.00 and set an "overweight" rating for the company in a research note on Wednesday. Royal Bank of Canada dropped their price objective on shares of Couchbase from $25.00 to $22.00 and set an "outperform" rating for the company in a research note on Wednesday. Needham & Company LLC restated a "buy" rating and issued a $22.00 price objective on shares of Couchbase in a research note on Wednesday. Finally, DA Davidson reaffirmed a "buy" rating and issued a $25.00 target price on shares of Couchbase in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Couchbase presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.19.

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Couchbase Trading Up 0.7 %

NASDAQ:BASE traded up $0.12 during trading hours on Wednesday, hitting $17.65. 423,924 shares of the company traded hands, compared to its average volume of 489,060. The stock has a market capitalization of $923.94 million, a price-to-earnings ratio of -11.03 and a beta of 0.81. Couchbase has a twelve month low of $13.53 and a twelve month high of $32.00. The firm has a 50-day moving average of $17.05 and a 200 day moving average of $17.03.

Couchbase (NASDAQ:BASE - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $54.92 million during the quarter, compared to analyst estimates of $53.25 million. Equities research analysts predict that Couchbase will post -1.48 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Huw Owen sold 2,993 shares of Couchbase stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $16.02, for a total transaction of $47,947.86. Following the completion of the sale, the senior vice president now owns 325,993 shares in the company, valued at $5,222,407.86. The trade was a 0.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Margaret Chow sold 15,000 shares of Couchbase stock in a transaction that occurred on Tuesday, February 4th. The stock was 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 of the company's stock, valued at approximately $2,436,456.77. This represents a 10.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 54,883 shares of company stock valued at $950,915 in the last 90 days. 16.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Couchbase

Institutional investors have recently modified their holdings of the business. Quarry LP acquired a new stake in shares of Couchbase during the 4th quarter worth approximately $35,000. Daiwa Securities Group Inc. grew its position in shares of 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 buying an additional 759 shares during the period. Summit Investment Advisors Inc. grew its position in shares of Couchbase by 24.1% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,161 shares of the company's stock worth $65,000 after buying an additional 807 shares during the period. Harbor Capital Advisors Inc. boosted its stake in Couchbase by 15.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company's stock worth $112,000 after acquiring an additional 956 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in Couchbase during the 4th quarter worth approximately $112,000. Institutional investors and hedge funds own 96.07% of the company's stock.

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.