Couchbase, Inc. (NASDAQ:BASE) Given Average Rating of “Moderate Buy” by Analysts

Couchbase, Inc. (NASDAQ:BASEGet Free Report) has been assigned an average rating of “Moderate Buy” from the twelve research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $29.36.

A number of equities analysts recently commented on BASE shares. Oppenheimer lowered their price target on shares of Couchbase from $36.00 to $30.00 and set an “outperform” rating on the stock in a research report on Thursday, June 6th. Guggenheim lifted their price target on shares of Couchbase from $27.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. The Goldman Sachs Group cut Couchbase from a “neutral” rating to a “sell” rating and cut their price target for the company from $30.00 to $18.00 in a research note on Thursday, June 6th. Barclays lowered their price objective on Couchbase from $33.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 6th. Finally, UBS Group assumed coverage on Couchbase in a research report on Wednesday, May 22nd. They set a “neutral” rating and a $31.00 target price for the company.

Get Our Latest Report on BASE

Insider Activity at Couchbase

In related news, CFO Gregory N. Henry sold 18,747 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 330,652 shares of the company’s stock, valued at approximately $9,205,351.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Couchbase news, SVP Huw Owen sold 11,581 shares of the stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $26.79, for a total value of $310,254.99. Following the completion of the transaction, the senior vice president now directly owns 441,454 shares in the company, valued at $11,826,552.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Gregory N. Henry sold 18,747 shares of the stock in a transaction dated 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 transaction, the chief financial officer now owns 330,652 shares of the company’s stock, valued at $9,205,351.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 88,256 shares of company stock valued at $2,268,200. 16.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Couchbase

A number of hedge funds have recently made changes to their positions in the stock. NBC Securities Inc. acquired a new stake in Couchbase during the first quarter worth approximately $26,000. AJOVista LLC acquired a new stake in Couchbase during the fourth quarter worth approximately $74,000. Daiwa Securities Group Inc. acquired a new stake in Couchbase during the fourth quarter worth approximately $92,000. StepStone Group LP acquired a new stake in Couchbase during the fourth quarter worth approximately $133,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Couchbase by 21.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,698 shares of the company’s stock worth $151,000 after purchasing an additional 1,203 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Couchbase Stock Performance

BASE opened at $18.16 on Thursday. The stock has a fifty day moving average of $24.76 and a 200-day moving average of $24.71. The company has a market capitalization of $913.63 million, a P/E ratio of -11.07 and a beta of 0.68. Couchbase has a fifty-two week low of $13.97 and a fifty-two week high of $32.00.

About Couchbase

(Get Free Report

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.

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Analyst Recommendations for Couchbase (NASDAQ:BASE)

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