Couchbase (NASDAQ:BASE) Receives "Neutral" Rating from Robert W. Baird

Couchbase (NASDAQ:BASE - Get Free Report)'s stock had its "neutral" rating reaffirmed by analysts at Robert W. Baird in a research note issued on Monday, MarketBeat reports. They presently have a $25.00 price target on the stock, up from their prior price target of $22.00. Robert W. Baird's target price would suggest a potential upside of 2.42% from the stock's current price.

Other equities research analysts have also issued research reports about the stock. William Blair lowered shares of Couchbase from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 20th. DA Davidson cut shares of Couchbase from a "strong-buy" rating to a "hold" rating and decreased their price target for the stock from $25.00 to $24.50 in a research report on Friday, June 20th. Barclays raised their price objective on Couchbase from $22.00 to $24.50 and gave the company an "overweight" rating in a research report on Friday, June 20th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $22.00 target price on shares of Couchbase in a research report on Wednesday, June 4th. Finally, Needham & Company LLC lowered Couchbase from a "moderate buy" rating to a "hold" rating and set a $22.00 target price for the company. in a research note on Friday, June 20th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, Couchbase presently has an average rating of "Hold" and an average target price of $23.09.

Couchbase Stock Performance

Couchbase stock traded up $0.29 during midday trading on Monday, reaching $24.41. The stock had a trading volume of 1,542,500 shares, compared to its average volume of 685,295. The stock's 50-day simple moving average is $18.52 and its 200 day simple moving average is $16.97. Couchbase has a twelve month low of $12.78 and a twelve month high of $25.16. The stock has a market capitalization of $1.32 billion, a PE ratio of -17.82 and a beta of 0.82.

Couchbase (NASDAQ:BASE - Get Free Report) last released 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 return on equity of 55.25% and a negative net margin of 33.23%. The company had revenue of $56.52 million for the quarter, compared to the consensus estimate of $55.59 million. During the same period last year, the business posted ($0.10) EPS. The company's quarterly revenue was up 10.1% compared to the same quarter last year. Equities analysts predict that Couchbase will post -1.48 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Huw Owen sold 15,938 shares of the firm's stock in a transaction 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 $6,599,395.57. This trade represents a 3.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO William Robert Carey sold 2,300 shares of the business's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $19.50, for a total transaction of $44,850.00. Following the sale, the chief financial officer now owns 94,780 shares of the company's stock, valued at approximately $1,848,210. The trade was a 2.37% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 110,708 shares of company stock worth $2,463,649. 14.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Couchbase

Several institutional investors and hedge funds have recently bought and sold shares of BASE. Quarry LP acquired a new stake in shares of Couchbase during the 4th quarter worth approximately $35,000. AlphaQuest LLC increased its position in Couchbase by 20.5% in the first quarter. AlphaQuest LLC now owns 3,631 shares of the company's stock worth $57,000 after buying an additional 617 shares during the period. Daiwa Securities Group Inc. lifted its stake in 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 buying an additional 759 shares during the last quarter. Summit Investment Advisors Inc. grew its position in shares of Couchbase by 24.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,161 shares of the company's stock worth $65,000 after acquiring an additional 807 shares during the last quarter. Finally, CWM LLC grew its position in shares of Couchbase by 272.9% during the first quarter. CWM LLC now owns 4,191 shares of the company's stock worth $66,000 after acquiring an additional 3,067 shares during the last quarter. Institutional investors and hedge funds 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.