Rosenblatt Securities Reiterates Buy Rating for Couchbase (NASDAQ:BASE)

Couchbase (NASDAQ:BASE - Get Free Report)'s stock had its "buy" rating reiterated by research analysts at Rosenblatt Securities in a report issued on Monday,Benzinga reports. They currently have a $20.00 price objective on the stock. Rosenblatt Securities' price target points to a potential upside of 2.28% from the stock's current price.

BASE has been the topic of a number of other reports. Guggenheim decreased their price objective on Couchbase from $30.00 to $26.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Wells Fargo & Company dropped their price objective on Couchbase from $23.00 to $20.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. Piper Sandler dropped their price objective on Couchbase from $22.00 to $16.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. UBS Group dropped their target price on Couchbase from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Finally, The Goldman Sachs Group decreased their price target on Couchbase from $18.00 to $16.00 and set a "sell" rating for the company in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $21.65.

Couchbase Trading Up 2.2%

Shares of Couchbase stock traded up $0.43 on Monday, reaching $19.56. 521,934 shares of the company were exchanged, compared to its average volume of 598,515. Couchbase has a one year low of $12.78 and a one year high of $21.99. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of -12.24 and a beta of 0.82. The company has a 50-day moving average of $16.82 and a 200 day moving average of $16.87.

Couchbase (NASDAQ:BASE - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The company reported ($0.06) earnings per share for the quarter, topping analysts' consensus estimates of ($0.08) by $0.02. The business had revenue of $56.52 million for the quarter, compared to analyst estimates of $55.59 million. Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. The firm's revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.10) EPS. Analysts predict that Couchbase will post -1.48 earnings per share for the current year.

Insider Buying and Selling at Couchbase

In other Couchbase news, SVP Huw Owen sold 15,938 shares of the business's stock in a transaction on Friday, March 28th. The stock was sold at an average price of $15.43, for a total value of $245,923.34. Following the sale, the senior vice president now directly owns 427,699 shares in the company, valued at $6,599,395.57. The trade was a 3.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 14.80% of the company's stock.

Institutional Trading of Couchbase

Several hedge funds have recently made changes to their positions in the company. AlphaQuest LLC raised its stake in shares of 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 purchasing an additional 617 shares during the period. Bank of New York Mellon Corp increased its stake in Couchbase by 0.5% in the 1st quarter. Bank of New York Mellon Corp now owns 135,495 shares of the company's stock worth $2,134,000 after acquiring an additional 696 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in Couchbase by 22.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company's stock worth $65,000 after acquiring an additional 759 shares during the last quarter. Summit Investment Advisors Inc. boosted its holdings in shares of 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 purchasing an additional 807 shares in the last quarter. Finally, Ceera Investments LLC boosted its holdings in shares of Couchbase by 3.0% in the 4th quarter. Ceera Investments LLC now owns 32,920 shares of the company's stock worth $513,000 after purchasing an additional 960 shares in the last quarter. 96.07% of the stock is currently 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.