Couchbase (NASDAQ:BASE) Price Target Cut to $18.00 by Analysts at UBS Group

Couchbase (NASDAQ:BASE) had its price target lowered by UBS Group from $19.00 to $18.00 in a research note released on Wednesday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other analysts also recently issued reports on the stock. Morgan Stanley dropped their target price on shares of Couchbase from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Wednesday. Robert W. Baird dropped their price objective on shares of Couchbase from $27.00 to $25.00 and set an “outperform” rating for the company in a research report on Wednesday, December 4th. Needham & Company LLC reissued a “buy” rating and issued a $22.00 target price on shares of Couchbase in a research note on Wednesday. Truist Financial assumed coverage on shares of Couchbase in a research report on Thursday, December 12th. They set a “buy” rating and a $21.00 price target for the company. Finally, DA Davidson reissued a “buy” rating and issued a $25.00 price objective on shares of Couchbase in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $22.31.

Couchbase Stock Up 12.4 %

Shares of NASDAQ BASE opened at $18.26 on Wednesday. The stock has a market capitalization of $955.87 million, a PE ratio of -11.41 and a beta of 0.81. The firm has a fifty day moving average of $16.96 and a 200-day moving average of $17.03. Couchbase has a 52-week low of $13.53 and a 52-week high of $32.00.

Couchbase (NASDAQ:BASE) last posted its quarterly earnings results on Tuesday, February 25th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.22). The firm had revenue of $54.92 million for the quarter, compared to analysts’ expectations of $53.25 million. Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. Equities research analysts expect that Couchbase will post -1.48 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Gregory N. Henry sold 3,853 shares of Couchbase stock in a transaction on Friday, December 20th. The shares were 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 owns 336,679 shares in the company, valued at approximately $5,097,320.06. The trade was a 1.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Margaret Chow sold 15,000 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $18.31, for a total transaction of $274,650.00. Following the completion of the sale, the senior vice president now directly owns 133,067 shares in the company, valued at $2,436,456.77. This represents a 10.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 54,883 shares of company stock worth $950,915. 16.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BASE. Mackenzie Financial Corp acquired a new stake in shares of Couchbase in the 4th quarter valued at about $382,000. Two Sigma Advisers LP increased its holdings in Couchbase by 32.4% in the fourth quarter. Two Sigma Advisers LP now owns 47,800 shares of the company’s stock valued at $745,000 after buying an additional 11,700 shares during the last quarter. ProShare Advisors LLC raised its stake in Couchbase by 36.7% during the fourth quarter. ProShare Advisors LLC now owns 14,828 shares of the company’s stock valued at $231,000 after buying an additional 3,979 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Couchbase by 5.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,361 shares of the company’s stock worth $349,000 after buying an additional 1,076 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of Couchbase by 5.8% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 588,439 shares of the company’s stock worth $9,174,000 after acquiring an additional 32,078 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

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.