Couchbase, Inc. (NASDAQ:BASE) Receives Average Recommendation of "Hold" from Analysts

Shares of Couchbase, Inc. (NASDAQ:BASE - Get Free Report) have been assigned an average recommendation of "Hold" from the nineteen analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $23.09.

Several equities research analysts have weighed in on the company. Stifel Nicolaus set a $24.50 target price on Couchbase and gave the stock a "hold" rating in a research note on Tuesday, June 24th. DA Davidson downgraded Couchbase from a "strong-buy" rating to a "hold" rating and cut their target price for the stock from $25.00 to $24.50 in a research note on Friday, June 20th. Wells Fargo & Company cut shares of Couchbase from a "strong-buy" rating to a "hold" rating and lifted their price target for the stock from $20.00 to $24.50 in a report on Friday, June 20th. Royal Bank Of Canada cut shares of Couchbase from a "moderate buy" rating to a "hold" rating in a report on Friday, June 20th. Finally, William Blair cut shares of Couchbase from a "strong-buy" rating to a "hold" rating in a report on Friday, June 20th.

Couchbase Trading Down 0.1%

NASDAQ BASE opened at $24.39 on Friday. Couchbase has a 1-year low of $12.78 and a 1-year high of $25.16. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of -17.80 and a beta of 0.93. The company has a 50 day moving average of $20.29 and a 200-day moving average of $17.64.

Couchbase (NASDAQ:BASE - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported ($0.06) EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $0.02. Couchbase had a negative net margin of 33.23% and a negative return on equity of 55.25%. The business had revenue of $56.52 million for the quarter, compared to analyst estimates of $55.59 million. During the same period last year, the business posted ($0.10) earnings per share. The firm's quarterly revenue was up 10.1% on a year-over-year basis. On average, analysts forecast that Couchbase will post -1.48 earnings per share for the current year.

Insider Buying and Selling at Couchbase

In other news, SVP Huw Owen sold 15,873 shares of the stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $24.28, for a total transaction of $385,396.44. Following the transaction, the senior vice president directly owned 377,820 shares in the company, valued at approximately $9,173,469.60. This trade represents a 4.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO William Robert Carey sold 1,321 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $25.00, for a total transaction of $33,025.00. Following the transaction, the chief financial officer owned 92,443 shares in the company, valued at approximately $2,311,075. This represents a 1.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 116,185 shares of company stock valued at $2,738,180 over the last quarter. 14.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Couchbase

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Couchbase by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 5,126,087 shares of the company's stock valued at $79,916,000 after buying an additional 164,563 shares in the last quarter. Hood River Capital Management LLC boosted its position in Couchbase by 38.2% during the fourth quarter. Hood River Capital Management LLC now owns 2,738,468 shares of the company's stock worth $42,693,000 after acquiring an additional 756,394 shares during the last quarter. EVR Research LP boosted its position in Couchbase by 2.0% during the fourth quarter. EVR Research LP now owns 2,590,000 shares of the company's stock worth $40,378,000 after acquiring an additional 50,000 shares during the last quarter. Franklin Resources Inc. boosted its position in Couchbase by 26.8% during the fourth quarter. Franklin Resources Inc. now owns 2,089,104 shares of the company's stock worth $32,569,000 after acquiring an additional 441,770 shares during the last quarter. Finally, Wasatch Advisors LP boosted its holdings in Couchbase by 72.0% in the 4th quarter. Wasatch Advisors LP now owns 1,703,267 shares of the company's stock valued at $26,554,000 after purchasing an additional 712,936 shares during the last quarter. 96.07% of the stock is currently 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.

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