Couchbase (NASDAQ:BASE) Earns "Market Perform" Rating from William Blair

Couchbase (NASDAQ:BASE - Get Free Report)'s stock had its "market perform" rating restated by stock analysts at William Blair in a report issued on Friday,Benzinga reports.

A number of other research firms have also commented on BASE. Rosenblatt Securities restated a "buy" rating and set a $20.00 price objective on shares of Couchbase in a research note on Monday, June 2nd. Robert W. Baird increased their price objective on shares of Couchbase from $20.00 to $22.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Guggenheim dropped their target price on shares of Couchbase from $30.00 to $26.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Royal Bank Of Canada reiterated an "outperform" rating and set a $22.00 price target on shares of Couchbase in a research report on Wednesday, June 4th. Finally, Wells Fargo & Company restated an "equal weight" rating and set a $24.50 target price (up from $20.00) on shares of Couchbase in a research note on Friday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $22.29.

Couchbase Trading Up 29.7%

BASE stock traded up $5.62 during mid-day trading on Friday, hitting $24.55. 10,140,204 shares of the company were exchanged, compared to its average volume of 830,155. Couchbase has a 1-year low of $12.78 and a 1-year high of $25.16. The business has a 50 day simple moving average of $17.77 and a 200-day simple moving average of $16.78. The stock has a market capitalization of $1.33 billion, a PE ratio of -17.92 and a beta of 0.82.

Couchbase (NASDAQ:BASE - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, beating 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 business had revenue of $56.52 million during the quarter, compared to the consensus estimate of $55.59 million. During the same period in the previous year, the company posted ($0.10) EPS. The firm's quarterly revenue was up 10.1% on a year-over-year basis. Equities research analysts expect that Couchbase will post -1.48 earnings per share for the current year.

Insider Activity

In other Couchbase news, SVP Huw Owen sold 15,938 shares of the stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $15.43, for a total transaction of $245,923.34. Following the transaction, the senior vice president now directly owns 427,699 shares in the company, valued at approximately $6,599,395.57. This represents a 3.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO William Robert Carey sold 2,300 shares of the business's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $19.50, for a total value of $44,850.00. Following the completion of the sale, the chief financial officer now directly owns 94,780 shares of the company's stock, valued at $1,848,210. The trade was a 2.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,904 shares of company stock valued at $622,343. Company insiders own 14.80% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BASE. Quarry LP bought a new position in Couchbase in the 4th quarter valued at $35,000. AlphaQuest LLC boosted its holdings in Couchbase by 20.5% during the 1st quarter. AlphaQuest LLC now owns 3,631 shares of the company's stock valued at $57,000 after acquiring an additional 617 shares during the period. Summit Investment Advisors Inc. lifted its position in Couchbase by 24.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,161 shares of the company's stock valued at $65,000 after purchasing an additional 807 shares during the last quarter. Daiwa Securities Group Inc. raised 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 valued at $65,000 after buying an additional 759 shares during the last quarter. Finally, CWM LLC raised its holdings in Couchbase by 272.9% during the 1st quarter. CWM LLC now owns 4,191 shares of the company's stock valued at $66,000 after buying an additional 3,067 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

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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