Barclays Trims Couchbase (NASDAQ:BASE) Target Price to $20.00

Couchbase (NASDAQ:BASE) had its target price trimmed by Barclays from $27.00 to $20.00 in a research report released on Monday morning, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other analysts have also issued reports on BASE. Piper Sandler Companies assumed coverage on Couchbase in a report on Friday, August 16th. They set an overweight rating and a $22.00 target price on the stock. DA Davidson cut their price objective 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 assumed coverage on shares of Couchbase in a report on Friday, August 16th. They set an overweight rating and a $22.00 target price on the stock. Robert W. Baird dropped their price target on shares of Couchbase from $35.00 to $32.00 and set an outperform rating for the company in a research report on Thursday, June 6th. Finally, The Goldman Sachs Group downgraded Couchbase from a neutral rating to a sell rating and cut their target price for the company from $30.00 to $18.00 in a research report on Thursday, June 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Couchbase currently has a consensus rating of Moderate Buy and a consensus target price of $27.14.

Couchbase Trading Up 2.2 %

BASE opened at $18.60 on Monday. The firm has a 50-day moving average price of $18.00 and a two-hundred day moving average price of $23.06. Couchbase has a 1-year low of $14.12 and a 1-year high of $32.00. The stock has a market capitalization of $935.77 million, a PE ratio of -11.34 and a beta of 0.61.

Couchbase (NASDAQ:BASE) last announced its quarterly earnings results on Wednesday, June 5th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($0.03). The firm had revenue of $51.33 million during the quarter, compared to analyst estimates of $48.52 million. Couchbase had a negative net margin of 41.66% and a negative return on equity of 54.49%. On average, research analysts predict that Couchbase will post -1.45 EPS for the current year.

Insider Activity at Couchbase

In other news, CEO Matthew M. Cain sold 18,101 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $22.05, for a total value of $399,127.05. Following the completion of the transaction, the chief executive officer now directly owns 855,304 shares in the company, valued at approximately $18,859,453.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Matthew M. Cain sold 18,101 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $22.05, for a total transaction of $399,127.05. Following the sale, the chief executive officer now directly owns 855,304 shares in the company, valued at $18,859,453.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Gregory N. Henry sold 3,982 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $16.52, for a total transaction of $65,782.64. Following the completion of the transaction, the chief financial officer now owns 393,060 shares of the company’s stock, valued at approximately $6,493,351.20. The disclosure for this sale can be found here. Insiders sold a total of 63,062 shares of company stock valued at $1,304,698 in the last quarter. Insiders own 16.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. NBC Securities Inc. purchased a new position in Couchbase during the 1st quarter worth $26,000. Ashton Thomas Private Wealth LLC bought a new stake in Couchbase during the second quarter worth $47,000. AJOVista LLC bought a new position in Couchbase in the 4th quarter valued at $74,000. Point72 Hong Kong Ltd purchased a new stake in shares of Couchbase during the 2nd quarter valued at $67,000. Finally, Daiwa Securities Group Inc. purchased a new position in Couchbase in the fourth quarter valued at about $92,000. 96.07% of the stock is owned by institutional investors.

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.