Couchbase, Inc. (NASDAQ:BASE) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Couchbase, Inc. (NASDAQ:BASE - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the seventeen research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $21.41.

A number of equities research analysts recently commented on the stock. Rosenblatt Securities initiated coverage on shares of Couchbase in a report on Wednesday, April 9th. They set a "buy" rating and a $20.00 price target for the company. UBS Group cut their target price on Couchbase from $19.00 to $18.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. Guggenheim dropped their price objective on Couchbase from $30.00 to $26.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. Needham & Company LLC reiterated a "buy" rating and issued a $22.00 price objective on shares of Couchbase in a research report on Wednesday, February 26th. Finally, Morgan Stanley decreased their target price on Couchbase from $23.00 to $18.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th.

Insider Buying and Selling at Couchbase

In related news, CFO Gregory N. Henry sold 9,820 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $17.62, for a total value of $173,028.40. Following the transaction, the chief financial officer now owns 304,555 shares of the company's stock, valued at approximately $5,366,259.10. This trade represents a 3.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Margaret Chow sold 15,000 shares of the firm's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $18.31, for a total value of $274,650.00. Following the completion of the transaction, the senior vice president now directly owns 133,067 shares in the company, valued at $2,436,456.77. This trade represents a 10.13 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,658 shares of company stock worth $709,172. Company insiders own 16.10% of the company's stock.

Institutional Investors Weigh In On Couchbase

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BASE. Quarry LP purchased a new stake in shares of Couchbase in the fourth quarter worth $35,000. Summit Investment Advisors Inc. increased its stake in Couchbase by 24.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,161 shares of the company's stock worth $65,000 after buying an additional 807 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Couchbase by 22.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company's stock valued at $65,000 after acquiring an additional 759 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Couchbase during the fourth quarter worth about $112,000. Finally, Harbor Capital Advisors Inc. raised its stake in Couchbase by 33.3% during the 1st quarter. Harbor Capital Advisors Inc. now owns 8,972 shares of the company's stock valued at $141,000 after purchasing an additional 2,240 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

Couchbase Stock Up 0.4 %

Shares of NASDAQ BASE traded up $0.08 during mid-day trading on Friday, reaching $17.72. 43,552 shares of the company were exchanged, compared to its average volume of 784,588. The company's 50 day moving average price is $15.47 and its 200 day moving average price is $16.71. Couchbase has a 52 week low of $12.78 and a 52 week high of $28.67. The stock has a market capitalization of $956.27 million, a PE ratio of -11.07 and a beta of 0.85.

Couchbase (NASDAQ:BASE - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported ($0.30) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.22). The company had revenue of $54.92 million during the quarter, compared to the consensus estimate of $53.25 million. Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. On average, sell-side analysts predict that Couchbase will post -1.48 earnings per share for the current year.

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.