Brokerages Set Couchbase, Inc. (NASDAQ:BASE) PT at $32.40

Shares of Couchbase, Inc. (NASDAQ:BASE) have been given a consensus recommendation of “Moderate Buy” by the eleven research firms that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $32.40.

A number of analysts have weighed in on BASE shares. Royal Bank of Canada raised their price target on Couchbase from $32.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. DA Davidson raised their price target on Couchbase from $27.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. The Goldman Sachs Group raised their price target on Couchbase from $20.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, March 7th. Barclays raised their price target on Couchbase from $29.00 to $33.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 6th. Finally, Guggenheim raised their price target on Couchbase from $27.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th.

Insider Transactions at Couchbase

In related news, CEO Matthew M. Cain sold 10,053 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $24.15, for a total value of $242,779.95. Following the transaction, the chief executive officer now owns 883,458 shares in the company, valued at approximately $21,335,510.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Matthew M. Cain sold 10,053 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $24.15, for a total value of $242,779.95. Following the transaction, the chief executive officer now owns 883,458 shares in the company, valued at approximately $21,335,510.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Huw Owen sold 11,581 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were 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 owns 441,454 shares in the company, valued at approximately $11,826,552.66. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 61,604 shares of company stock worth $1,687,092. Corporate insiders own 22.50% of the company’s stock.

Hedge Funds Weigh In On Couchbase

Several institutional investors have recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. boosted its holdings in Couchbase by 45.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 5,759 shares of the company’s stock valued at $99,000 after purchasing an additional 1,796 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Couchbase by 8.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 110,782 shares of the company’s stock valued at $1,901,000 after purchasing an additional 8,887 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Couchbase by 19.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,239 shares of the company’s stock valued at $262,000 after purchasing an additional 2,524 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Couchbase in the 3rd quarter valued at approximately $67,000. Finally, Barclays PLC boosted its holdings in Couchbase by 31.3% in the 3rd quarter. Barclays PLC now owns 16,452 shares of the company’s stock valued at $282,000 after purchasing an additional 3,926 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Couchbase Trading Up 4.5 %

NASDAQ:BASE opened at $24.09 on Wednesday. The firm has a market cap of $1.21 billion, a PE ratio of -14.17 and a beta of 0.69. The stock has a fifty day moving average price of $26.59 and a 200 day moving average price of $22.69. Couchbase has a 12-month low of $13.97 and a 12-month high of $32.00.

Couchbase (NASDAQ:BASE) last released its earnings results on Tuesday, March 5th. The company reported ($0.32) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.03. The firm had revenue of $50.09 million during the quarter, compared to analyst estimates of $46.56 million. Couchbase had a negative return on equity of 54.61% and a negative net margin of 44.54%. Equities analysts forecast that Couchbase will post -1.42 EPS for the current year.

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.