Couchbase, Inc. (NASDAQ:BASE) Receives $23.40 Consensus PT from Analysts

Couchbase, Inc. (NASDAQ:BASE) has been assigned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the firm, Marketbeat.com 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 price objective among brokerages that have covered the stock in the last year is $23.40.

Several research firms recently issued reports on BASE. Robert W. Baird lowered their price objective on Couchbase from $32.00 to $27.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. Wells Fargo & Company dropped their price target on Couchbase from $30.00 to $23.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. Stifel Nicolaus decreased their price objective on Couchbase from $25.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $22.00 target price on shares of Couchbase in a report on Thursday, September 5th. Finally, Barclays raised their price target on shares of Couchbase from $19.00 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th.

Couchbase Price Performance

Couchbase stock opened at $20.52 on Thursday. The stock has a market capitalization of $1.05 billion, a PE ratio of -13.13 and a beta of 0.59. The business has a 50 day simple moving average of $17.24 and a 200-day simple moving average of $18.29. Couchbase has a 12 month low of $13.53 and a 12 month high of $32.00.

Couchbase (NASDAQ:BASE) last posted its quarterly earnings data 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 net margin of 39.51% and a negative return on equity of 54.84%. The company had revenue of $51.60 million during the quarter, compared to analysts’ expectations of $51.11 million. During the same period in the prior year, the business posted ($0.44) earnings per share. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. On average, equities research analysts anticipate that Couchbase will post -1.51 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Huw Owen sold 6,736 shares of the company’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 value of $101,511.52. Following the completion of the transaction, the senior vice president now directly owns 373,647 shares of the company’s stock, valued at $5,630,860.29. This represents a 1.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Edward T. Anderson purchased 21,080 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was bought at an average price of $14.16 per share, for a total transaction of $298,492.80. Following the completion of the purchase, the director now directly owns 85,902 shares of the company’s stock, valued at $1,216,372.32. The trade was a 32.52 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 10,548 shares of company stock valued at $163,390 in the last ninety days. Company insiders own 16.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BASE. Vanguard Group Inc. raised its stake in Couchbase by 6.0% during the 1st 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 in the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of Couchbase by 21.6% during the first quarter. Jacobs Levy Equity Management Inc. now owns 190,103 shares of the company’s stock worth $5,002,000 after purchasing an additional 33,754 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Couchbase in the 3rd quarter valued at about $772,000. Horrell Capital Management Inc. boosted its position in shares of Couchbase by 64.3% in the 3rd quarter. Horrell Capital Management Inc. now owns 230,000 shares of the company’s stock valued at $3,708,000 after purchasing an additional 90,000 shares during the period. Finally, 272 Capital LP purchased a new position in Couchbase during the 3rd quarter worth approximately $1,566,000. 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.