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

Couchbase (NASDAQ:BASE - Get Free Report)'s stock had its "neutral" rating reaffirmed by equities research analysts at Robert W. Baird in a research note issued on Monday,Benzinga reports. They currently have a $25.00 target price on the stock, up from their previous target price of $22.00. Robert W. Baird's price target points to a potential upside of 2.08% from the company's current price.

Several other analysts have also recently weighed in on BASE. Rosenblatt Securities cut Couchbase from a "strong-buy" rating to a "hold" rating and boosted their price target for the stock from $22.00 to $24.50 in a report on Friday. Guggenheim reduced their target price on shares of Couchbase from $30.00 to $26.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. The Goldman Sachs Group decreased their price target on shares of Couchbase from $18.00 to $16.00 and set a "sell" rating for the company in a research report on Thursday, February 27th. Wells Fargo & Company lowered 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. Finally, UBS Group increased their price objective on Couchbase from $18.00 to $20.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $22.74.

Couchbase Stock Up 29.4%

Shares of BASE stock opened at $24.49 on Monday. The business has a fifty day simple moving average of $17.95 and a 200 day simple moving average of $16.81. The company has a market cap of $1.32 billion, a P/E ratio of -17.88 and a beta of 0.82. Couchbase has a twelve month low of $12.78 and a twelve month high of $25.16.

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

Insider Buying and Selling at Couchbase

In other Couchbase news, CEO Matthew M. Cain sold 7,833 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $20.01, for a total value of $156,738.33. Following the completion of the transaction, the chief executive officer now owns 952,347 shares in the company, valued at $19,056,463.47. This trade represents a 0.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO William Robert Carey sold 2,300 shares of Couchbase stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $19.50, for a total value of $44,850.00. Following the sale, the chief financial officer now directly owns 94,780 shares of the company's stock, valued at approximately $1,848,210. This trade represents a 2.37% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,904 shares of company stock worth $622,343. Corporate insiders own 16.10% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Irenic Capital Management LP purchased a new position in Couchbase during the first quarter valued at $26,356,000. Hood River Capital Management LLC lifted its holdings in Couchbase by 38.2% in the fourth quarter. Hood River Capital Management LLC now owns 2,738,468 shares of the company's stock valued at $42,693,000 after acquiring an additional 756,394 shares during the period. Wasatch Advisors LP grew its position in Couchbase by 72.0% during the fourth quarter. Wasatch Advisors LP now owns 1,703,267 shares of the company's stock valued at $26,554,000 after buying an additional 712,936 shares during the period. Franklin Resources Inc. grew its position in shares of Couchbase by 26.8% during the 4th quarter. Franklin Resources Inc. now owns 2,089,104 shares of the company's stock valued at $32,569,000 after acquiring an additional 441,770 shares during the period. Finally, Congress Asset Management Co. purchased a new stake in Couchbase in the first quarter worth about $5,650,000. 96.07% of the stock is owned by hedge funds and other 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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