Couchbase (NASDAQ:BASE) Coverage Initiated at Wedbush

Wedbush started coverage on shares of Couchbase (NASDAQ:BASE) in a research report report published on Thursday, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $26.00 price objective on the stock.

A number of other analysts have also commented on the stock. Piper Sandler Companies started coverage on shares of Couchbase in a report on Friday, August 16th. They set an “overweight” rating and a $22.00 price objective on the stock. Needham & Company LLC reissued a “buy” rating and set a $22.00 target price on shares of Couchbase in a research report on Thursday, September 5th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $25.00 price target on shares of Couchbase in a research report on Thursday, September 5th. DA Davidson decreased their price objective on Couchbase from $30.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Finally, Piper Sandler dropped their target price on Couchbase from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.13.

Couchbase Trading Up 1.8 %

Shares of NASDAQ BASE opened at $17.38 on Thursday. The firm has a market capitalization of $874.39 million, a P/E ratio of -10.60 and a beta of 0.59. The firm’s 50-day moving average price is $16.38 and its 200-day moving average price is $19.70. Couchbase has a 1-year low of $13.53 and a 1-year high of $32.00.

Couchbase (NASDAQ:BASE) last posted its quarterly earnings results on Wednesday, September 4th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.03. Couchbase had a negative return on equity of 54.84% and a negative net margin of 39.51%. The business had revenue of $51.60 million for the quarter, compared to the consensus estimate of $51.11 million. During the same period in the prior year, the business earned ($0.44) EPS. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. Equities research analysts forecast that Couchbase will post -1.5 EPS for the current year.

Insider Buying and Selling at Couchbase

In related news, Director Jeff Epstein sold 7,277 shares of Couchbase stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $20.10, for a total value of $146,267.70. Following the sale, the director now owns 28,027 shares of the company’s stock, valued at approximately $563,342.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, SVP Margaret Chow sold 2,290 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $20.00, for a total transaction of $45,800.00. Following the completion of the transaction, the senior vice president now owns 192,458 shares in the company, valued at approximately $3,849,160. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeff Epstein sold 7,277 shares of Couchbase stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $20.10, for a total value of $146,267.70. Following the completion of the sale, the director now directly owns 28,027 shares of the company’s stock, valued at approximately $563,342.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,056 shares of company stock worth $538,135 over the last three months. 16.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Couchbase

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BASE. Vanguard Group Inc. raised its position in shares of Couchbase by 6.0% in the first quarter. Vanguard Group Inc. now owns 4,029,423 shares of the company’s stock valued at $106,014,000 after purchasing an additional 227,828 shares during the period. EVR Research LP raised 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 valued at $38,010,000 after acquiring an additional 179,585 shares during the period. Hood River Capital Management LLC lifted its position in shares of Couchbase by 7.8% during the second quarter. Hood River Capital Management LLC now owns 1,629,893 shares of the company’s stock worth $29,762,000 after acquiring an additional 118,372 shares in the last quarter. Pembroke Management LTD lifted its position in shares of Couchbase by 18.1% during the second quarter. Pembroke Management LTD now owns 809,876 shares of the company’s stock worth $14,788,000 after acquiring an additional 123,927 shares in the last quarter. Finally, Lord Abbett & CO. LLC purchased a new position in shares of Couchbase in the first quarter valued at $9,059,000. Institutional investors own 96.07% of the company’s stock.

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.