Couchbase (NASDAQ:BASE) Price Target Lowered to $22.00 at Barclays

Couchbase (NASDAQ:BASE) had its target price decreased by Barclays from $23.00 to $22.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

BASE has been the topic of a number of other reports. Stifel Nicolaus lifted their target price on Couchbase from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. DA Davidson reissued a “buy” rating and set a $25.00 price objective on shares of Couchbase in a report on Wednesday, December 4th. Morgan Stanley cut their target price on Couchbase from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 4th. Guggenheim reaffirmed a “buy” rating and issued a $30.00 target price on shares of Couchbase in a research report on Wednesday, December 4th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $25.00 price target on shares of Couchbase in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Couchbase presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.31.

Couchbase Stock Up 12.4 %

Shares of BASE stock opened at $18.26 on Wednesday. The stock has a 50 day moving average of $16.96 and a 200-day moving average of $17.03. The firm has a market cap of $955.87 million, a PE ratio of -11.41 and a beta of 0.81. Couchbase has a 12 month low of $13.53 and a 12 month high of $32.00.

Couchbase (NASDAQ:BASE) last released its earnings results on Tuesday, February 25th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.22). The company had revenue of $54.92 million for the quarter, compared to analyst estimates of $53.25 million. Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. As a group, equities analysts predict that Couchbase will post -1.48 EPS for the current fiscal year.

Insider Buying and Selling at Couchbase

In other news, CFO Gregory N. Henry sold 3,853 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $15.14, for a total value 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 trade represents a 1.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Huw Owen sold 7,575 shares of Couchbase stock in a transaction dated Monday, December 23rd. The shares were 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 directly owns 341,709 shares of the company’s stock, valued at $5,200,810.98. This represents a 2.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,883 shares of company stock worth $950,915. 16.10% of the stock is currently owned by insiders.

Institutional Trading of Couchbase

Several hedge funds have recently modified their holdings of the stock. Daiwa Securities Group Inc. raised its position in Couchbase by 22.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company’s stock worth $65,000 after purchasing an additional 759 shares during the last quarter. Summit Investment Advisors Inc. increased its stake in shares of Couchbase by 24.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,161 shares of the company’s stock valued at $65,000 after buying an additional 807 shares during the period. Harbor Capital Advisors Inc. raised its position in shares of 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 acquiring an additional 956 shares during the last quarter. Ceera Investments LLC lifted its stake in shares of Couchbase by 3.0% during the fourth quarter. Ceera Investments LLC now owns 32,920 shares of the company’s stock valued at $513,000 after acquiring an additional 960 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Couchbase by 5.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,361 shares of the company’s stock valued at $349,000 after acquiring an additional 1,076 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

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.