Barclays Cuts Couchbase (NASDAQ:BASE) Price Target to $19.00

Couchbase (NASDAQ:BASE) had its price objective lowered by Barclays from $20.00 to $19.00 in a research report released on Thursday, Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other brokerages also recently weighed in on BASE. Robert W. Baird cut their price target on shares of Couchbase from $32.00 to $27.00 and set an outperform rating on the stock in a research report on Thursday. Wells Fargo & Company reduced their price target on shares of Couchbase from $37.00 to $30.00 and set an overweight rating on the stock in a research report on Thursday, June 6th. DA Davidson decreased their price target on shares of Couchbase from $35.00 to $30.00 and set a buy rating for the company in a report on Friday, June 7th. Piper Sandler Companies assumed coverage on Couchbase in a research note on Friday, August 16th. They set an overweight rating and a $22.00 price objective on the stock. Finally, Stifel Nicolaus decreased their target price on Couchbase from $25.00 to $20.00 and set a buy rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Couchbase has an average rating of Moderate Buy and a consensus target price of $22.93.

Couchbase Stock Performance

BASE opened at $15.85 on Thursday. The company has a fifty day moving average price of $18.22 and a two-hundred day moving average price of $22.29. The firm has a market capitalization of $797.41 million, a PE ratio of -9.66 and a beta of 0.61. Couchbase has a 52 week low of $14.12 and a 52 week high of $32.00.

Couchbase (NASDAQ:BASE) last announced its quarterly earnings data on Wednesday, September 4th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.03. Couchbase had a negative return on equity of 54.49% and a negative net margin of 41.66%. The business had revenue of $51.60 million during the quarter, compared to analysts’ expectations of $51.11 million. During the same period in the previous year, the firm earned ($0.44) earnings per share. The firm’s quarterly revenue was up 19.7% compared to the same quarter last year. Equities analysts forecast that Couchbase will post -1.45 EPS for the current year.

Insider Buying and Selling at Couchbase

In related news, CEO Matthew M. Cain sold 8,953 shares of the stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $20.01, for a total transaction of $179,149.53. Following the completion of the transaction, the chief executive officer now owns 776,437 shares in the company, valued at $15,536,504.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Matthew M. Cain sold 8,953 shares of the company’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $20.01, for a total transaction of $179,149.53. Following the sale, the chief executive officer now owns 776,437 shares in the company, valued at $15,536,504.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Gregory N. Henry sold 3,982 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $16.52, for a total value of $65,782.64. Following the transaction, the chief financial officer now directly owns 393,060 shares of the company’s stock, valued at $6,493,351.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,987 shares of company stock worth $668,568. Corporate insiders own 16.10% of the company’s stock.

Hedge Funds Weigh In On Couchbase

A number of institutional investors have recently added to or reduced their stakes in BASE. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Couchbase by 21.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,698 shares of the company’s stock valued at $151,000 after acquiring an additional 1,203 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Couchbase by 25.8% in the 4th quarter. Russell Investments Group Ltd. now owns 21,710 shares of the company’s stock valued at $489,000 after purchasing an additional 4,452 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Couchbase by 8.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 250,472 shares of the company’s stock valued at $5,641,000 after purchasing an additional 19,256 shares during the period. Jump Financial LLC acquired a new stake in Couchbase in the 4th quarter valued at about $1,373,000. Finally, Circumference Group LLC bought a new position in Couchbase during the fourth quarter worth about $4,504,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

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.