Couchbase, Inc. (NASDAQ:BASE) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of Couchbase, Inc. (NASDAQ:BASE - Get Free Report) have earned a consensus rating of "Moderate Buy" from the fifteen ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $23.13.

Several research analysts have weighed in on BASE shares. Piper Sandler dropped their price target on Couchbase from $22.00 to $21.00 and set an "overweight" rating for the company in a research note on Thursday, September 5th. Oppenheimer reduced their price target on shares of Couchbase from $25.00 to $23.00 and set an "outperform" rating on the stock in a report on Thursday, September 5th. UBS Group dropped their price objective on shares of Couchbase from $24.00 to $19.00 and set a "neutral" rating for the company in a report on Thursday, September 5th. Stifel Nicolaus cut their price objective on Couchbase from $25.00 to $20.00 and set a "buy" rating for the company in a research report on Thursday, September 5th. Finally, Piper Sandler Companies assumed coverage on Couchbase in a research report on Friday, August 16th. They issued an "overweight" rating and a $22.00 target price on the stock.

Insider Transactions at Couchbase

In other Couchbase news, SVP Huw Owen sold 6,736 shares of the business's stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $15.07, for a total transaction of $101,511.52. Following the completion of the transaction, the senior vice president now owns 373,647 shares in the company, valued at $5,630,860.29. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Edward T. Anderson purchased 21,080 shares of Couchbase stock in a transaction that occurred on Thursday, September 19th. The shares were bought at an average price of $14.16 per share, with a total value of $298,492.80. Following the purchase, the director now directly owns 85,902 shares of the company's stock, valued at approximately $1,216,372.32. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Huw Owen sold 6,736 shares of Couchbase stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $15.07, for a total transaction of $101,511.52. Following the sale, the senior vice president now owns 373,647 shares of the company's stock, valued at $5,630,860.29. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,636 shares of company stock worth $149,764. 16.10% of the stock is currently owned by insiders.

Institutional Trading of Couchbase

Institutional investors and hedge funds have recently modified their holdings of the stock. Lord Abbett & CO. LLC bought a new stake in Couchbase during the 1st quarter valued at $9,059,000. Vanguard Group Inc. lifted its stake in Couchbase by 6.0% in the first quarter. Vanguard Group Inc. now owns 4,029,423 shares of the company's stock worth $106,014,000 after acquiring an additional 227,828 shares during the period. Acadian Asset Management LLC lifted its stake in Couchbase by 346.2% in the first quarter. Acadian Asset Management LLC now owns 263,439 shares of the company's stock worth $6,928,000 after acquiring an additional 204,396 shares during the period. EVR Research LP grew its holdings in 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. Finally, Pembroke Management LTD increased its position in Couchbase by 18.1% during the 2nd quarter. Pembroke Management LTD now owns 809,876 shares of the company's stock valued at $14,788,000 after purchasing an additional 123,927 shares during the period. Institutional investors own 96.07% of the company's stock.

Couchbase Stock Up 1.1 %

NASDAQ:BASE traded up $0.18 during trading hours on Friday, hitting $16.25. 238,978 shares of the stock traded hands, compared to its average volume of 326,202. The company has a market cap of $833.95 million, a price-to-earnings ratio of -10.22 and a beta of 0.59. Couchbase has a 1 year low of $13.53 and a 1 year high of $32.00. The stock has a 50 day moving average price of $16.07 and a 200 day moving average price of $19.11.

Couchbase (NASDAQ:BASE - Get Free Report) last issued its earnings results on Wednesday, September 4th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.03. The company had revenue of $51.60 million during the quarter, compared to the consensus estimate of $51.11 million. Couchbase had a negative net margin of 39.51% and a negative return on equity of 54.84%. Couchbase's quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.44) EPS. Equities analysts forecast that Couchbase will post -1.51 earnings per share for the current fiscal year.

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.