Couchbase, Inc. (NASDAQ:BASE) Receives $32.40 Consensus Target Price from Analysts

Couchbase, Inc. (NASDAQ:BASE) has been given a consensus recommendation of “Moderate Buy” by the eleven analysts that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $32.40.

BASE has been the subject of several research reports. Oppenheimer increased their price objective on shares of Couchbase from $25.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Wells Fargo & Company increased their price objective on shares of Couchbase from $26.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 5th. Robert W. Baird increased their target price on shares of Couchbase from $28.00 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Royal Bank of Canada increased their target price on shares of Couchbase from $32.00 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Finally, DA Davidson increased their target price on shares of Couchbase from $27.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th.

Insider Buying and Selling at Couchbase

In other Couchbase news, CFO Gregory N. Henry sold 18,747 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $27.84, for a total value of $521,916.48. Following the completion of the sale, the chief financial officer now owns 330,652 shares in the company, valued at $9,205,351.68. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, SVP Margaret Chow sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $30.53, for a total transaction of $305,300.00. Following the completion of the sale, the senior vice president now owns 217,700 shares in the company, valued at approximately $6,646,381. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Gregory N. Henry sold 18,747 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $27.84, for a total transaction of $521,916.48. Following the sale, the chief financial officer now owns 330,652 shares of the company’s stock, valued at approximately $9,205,351.68. The disclosure for this sale can be found here. Insiders sold a total of 65,104 shares of company stock worth $1,774,592 over the last quarter. 22.50% of the stock is currently owned by insiders.

Institutional Trading of Couchbase

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Couchbase by 170.4% during the first quarter. Vanguard Group Inc. now owns 2,070,537 shares of the company’s stock worth $36,069,000 after acquiring an additional 1,304,895 shares during the period. BlackRock Inc. increased its position in Couchbase by 90.5% during the first quarter. BlackRock Inc. now owns 1,203,014 shares of the company’s stock worth $20,956,000 after acquiring an additional 571,620 shares during the period. Voya Investment Management LLC increased its holdings in Couchbase by 3,424.4% in the 4th quarter. Voya Investment Management LLC now owns 480,233 shares of the company’s stock valued at $10,815,000 after buying an additional 466,607 shares during the period. Norges Bank bought a new position in Couchbase in the 4th quarter valued at about $4,515,000. Finally, First Trust Advisors LP increased its holdings in Couchbase by 25.3% in the 1st quarter. First Trust Advisors LP now owns 1,494,952 shares of the company’s stock valued at $26,042,000 after buying an additional 302,069 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Couchbase Stock Performance

Shares of NASDAQ:BASE opened at $22.90 on Wednesday. Couchbase has a 52 week low of $13.97 and a 52 week high of $32.00. The company has a market capitalization of $1.13 billion, a PE ratio of -13.47 and a beta of 0.69. The company has a 50 day moving average price of $26.73 and a two-hundred day moving average price of $22.52.

Couchbase (NASDAQ:BASE) last issued its earnings results on Tuesday, March 5th. The company reported ($0.32) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.03. Couchbase had a negative net margin of 44.54% and a negative return on equity of 54.61%. The firm had revenue of $50.09 million during the quarter, compared to the consensus estimate of $46.56 million. On average, sell-side analysts forecast that Couchbase will post -1.42 earnings per share for the current year.

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.