Couchbase, Inc. (NASDAQ:BASE) Receives Average Recommendation of “Moderate Buy” from Brokerages

Couchbase, Inc. (NASDAQ:BASE) has been assigned a consensus recommendation of “Moderate Buy” from the sixteen analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $23.13.

Several research firms have weighed in on BASE. Robert W. Baird lowered their price target on Couchbase from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 4th. Oppenheimer decreased their target price on shares of Couchbase from $25.00 to $23.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $25.00 price target on shares of Couchbase in a research report on Wednesday, December 4th. Wedbush started coverage on shares of Couchbase in a research note on Thursday, October 17th. They set an “outperform” rating and a $26.00 price objective on the stock. Finally, Morgan Stanley dropped their target price on shares of Couchbase from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 4th.

Insider Buying and Selling

In other news, CFO Gregory N. Henry sold 3,853 shares of the company’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $15.14, for a total transaction of $58,334.42. Following the completion of the sale, the chief financial officer now directly owns 336,679 shares in the company, valued at approximately $5,097,320.06. This represents a 1.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Huw Owen sold 7,575 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $15.22, for a total value of $115,291.50. Following the completion of the transaction, the senior vice president now owns 341,709 shares in the company, valued at $5,200,810.98. The trade was a 2.17 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,140 shares of company stock valued at $219,004. 16.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Couchbase

A number of large investors have recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC bought a new stake in shares of Couchbase during the 2nd quarter worth approximately $47,000. Point72 Hong Kong Ltd acquired a new position in Couchbase during the second quarter valued at approximately $67,000. Harbor Capital Advisors Inc. lifted its stake in Couchbase by 15.9% during the third quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company’s stock worth $112,000 after purchasing an additional 956 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Couchbase by 28.5% in the 2nd quarter. Arizona State Retirement System now owns 11,032 shares of the company’s stock valued at $201,000 after purchasing an additional 2,445 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its stake in shares of Couchbase by 5.7% in the 2nd quarter. Point72 Asset Management L.P. now owns 13,000 shares of the company’s stock valued at $237,000 after purchasing an additional 700 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Couchbase Price Performance

Couchbase stock opened at $15.24 on Monday. The firm has a 50-day moving average of $17.52 and a 200-day moving average of $17.28. The company has a market cap of $797.78 million, a price-to-earnings ratio of -9.53 and a beta of 0.71. Couchbase has a one year low of $13.53 and a one year high of $32.00.

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.