Couchbase, Inc. (NASDAQ:BASE) Given Consensus Rating of "Hold" by Analysts

Key Points

• Couchbase, Inc. has received a consensus rating of "Hold" from seventeen research firms, with one rating it as a sell, fourteen as hold, and two as buy.
• The company's stock opened at $24.51 and has shown a 12-month price range between $12.78 and $25.16.
• Couchbase reported a revenue of $57.57 million for the latest quarter, exceeding analyst expectations, and the company’s earnings per share came in at ($0.02), beating estimates by $0.04.

Couchbase, Inc. (NASDAQ:BASE - Get Free Report) has been given a consensus rating of "Hold" by the seventeen research firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, fourteen have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $23.4667.

BASE has been the subject of several recent research reports. Rosenblatt Securities cut shares of Couchbase from a "strong-buy" rating to a "hold" rating and upped their target price for the company from $22.00 to $24.50 in a research report on Friday, June 20th. Baird R W downgraded Couchbase from a "strong-buy" rating to a "hold" rating in a report on Monday, June 23rd. DA Davidson lowered Couchbase from a "strong-buy" rating to a "hold" rating and cut their target price for the company from $25.00 to $24.50 in a research note on Friday, June 20th. Needham & Company LLC cut Couchbase from a "moderate buy" rating to a "hold" rating and set a $22.00 price target for the company. in a research note on Friday, June 20th. Finally, Wells Fargo & Company downgraded shares of Couchbase from a "strong-buy" rating to a "hold" rating and increased their price target for the company from $20.00 to $24.50 in a research report on Friday, June 20th.

Couchbase Stock Up 0.0%

Shares of BASE stock opened at $24.51 on Wednesday. Couchbase has a 12 month low of $12.78 and a 12 month high of $25.16. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of -17.38 and a beta of 0.93. The stock has a 50-day moving average price of $24.36 and a 200 day moving average price of $20.31.

Couchbase (NASDAQ:BASE - Get Free Report) last issued its earnings results on Wednesday, September 3rd. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.04. The company had revenue of $57.57 million for the quarter, compared to analyst estimates of $55.15 million. Couchbase had a negative net margin of 34.10% and a negative return on equity of 52.42%. The company's revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.06) EPS. Sell-side analysts predict that Couchbase will post -1.48 earnings per share for the current fiscal year.

Insider Activity at Couchbase

In related news, CEO Matthew M. Cain sold 17,669 shares of the firm's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $24.38, for a total transaction of $430,770.22. Following the sale, the chief executive officer owned 829,738 shares of the company's stock, valued at approximately $20,229,012.44. This trade represents a 2.09% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In the last three months, insiders have sold 59,009 shares of company stock valued at $1,436,615. 16.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Couchbase

Institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC increased its stake in Couchbase by 723.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,230 shares of the company's stock worth $152,000 after purchasing an additional 5,473 shares in the last quarter. Water Island Capital LLC acquired a new position in shares of Couchbase in the second quarter valued at approximately $8,850,000. Two Sigma Securities LLC bought a new stake in shares of Couchbase during the second quarter worth $285,000. Solel Partners LP raised its holdings in shares of Couchbase by 12.1% during the second quarter. Solel Partners LP now owns 2,375,367 shares of the company's stock worth $57,911,000 after acquiring an additional 256,974 shares during the period. Finally, AQR Capital Management LLC lifted its position in Couchbase by 179.3% in the 2nd quarter. AQR Capital Management LLC now owns 308,180 shares of the company's stock valued at $7,513,000 after acquiring an additional 197,846 shares in the last quarter. Institutional investors own 96.07% of the company's stock.

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.

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