Couchbase (NASDAQ:BASE) Downgraded by Baird R W to Hold

Baird R W downgraded shares of Couchbase (NASDAQ:BASE - Free Report) from a strong-buy rating to a hold rating in a research report released on Monday morning,Zacks.com reports.

BASE has been the topic of several other reports. Morgan Stanley increased their target price on Couchbase from $18.00 to $19.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 4th. Guggenheim reduced their target price on Couchbase from $30.00 to $26.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Wells Fargo & Company downgraded Couchbase from a "strong-buy" rating to a "hold" rating and increased their target price for the stock from $20.00 to $24.50 in a research report on Friday, June 20th. Rosenblatt Securities downgraded Couchbase from a "strong-buy" rating to a "hold" rating and increased their target price for the stock from $22.00 to $24.50 in a research report on Friday, June 20th. Finally, Barclays increased their target price on Couchbase from $22.00 to $24.50 and gave the stock an "overweight" rating in a research report on Friday, June 20th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $23.09.

Couchbase Trading Down 0.2%

Shares of NASDAQ:BASE traded down $0.05 on Monday, hitting $24.36. The company had a trading volume of 1,866,330 shares, compared to its average volume of 690,769. Couchbase has a 52-week low of $12.78 and a 52-week high of $25.16. The business has a 50 day moving average of $18.90 and a 200 day moving average of $17.09. The company has a market cap of $1.32 billion, a PE ratio of -17.78 and a beta of 0.82.

Couchbase (NASDAQ:BASE - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.02. Couchbase had a negative return on equity of 55.25% and a negative net margin of 33.23%. The firm had revenue of $56.52 million for the quarter, compared to the consensus estimate of $55.59 million. During the same period in the prior year, the business posted ($0.10) earnings per share. The firm's revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, equities analysts predict that Couchbase will post -1.48 EPS for the current year.

Insider Activity

In other Couchbase news, CFO William Robert Carey sold 2,300 shares of Couchbase stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $19.50, for a total transaction of $44,850.00. Following the sale, the chief financial officer now directly owns 94,780 shares in the company, valued at $1,848,210. The trade was a 2.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Huw Owen sold 15,873 shares of Couchbase stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $24.28, for a total value of $385,396.44. Following the sale, the senior vice president now owns 377,820 shares in the company, valued at $9,173,469.60. This represents a 4.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 110,643 shares of company stock worth $2,603,122. 14.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Couchbase

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP purchased a new stake in Couchbase during the 4th quarter worth approximately $35,000. AlphaQuest LLC increased its holdings in Couchbase by 20.5% during the 1st quarter. AlphaQuest LLC now owns 3,631 shares of the company's stock worth $57,000 after purchasing an additional 617 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in Couchbase by 22.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company's stock worth $65,000 after purchasing an additional 759 shares during the last quarter. Summit Investment Advisors Inc. increased its holdings in Couchbase by 24.1% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,161 shares of the company's stock worth $65,000 after purchasing an additional 807 shares during the last quarter. Finally, CWM LLC increased its holdings in Couchbase by 272.9% during the 1st quarter. CWM LLC now owns 4,191 shares of the company's stock worth $66,000 after purchasing an additional 3,067 shares during the last quarter. 96.07% of the stock is currently owned by hedge funds and other 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.