Couchbase (NASDAQ:BASE) Price Target Raised to $19.00

Couchbase (NASDAQ:BASE - Free Report) had its price target boosted by Morgan Stanley from $18.00 to $19.00 in a research report released on Wednesday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Other equities analysts have also issued research reports about the company. Rosenblatt Securities restated a "buy" rating and set a $20.00 price objective on shares of Couchbase in a research note on Monday. UBS Group raised their price objective on Couchbase from $18.00 to $20.00 and gave the stock a "neutral" rating in a research note on Wednesday. Barclays lowered their price objective on Couchbase from $23.00 to $22.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. Guggenheim lowered their price objective on Couchbase from $30.00 to $26.00 and set a "buy" rating on the stock in a research note 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 on the stock in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $21.65.

Couchbase Trading Up 1.7%

Shares of BASE traded up $0.33 during mid-day trading on Wednesday, reaching $19.46. The company's stock had a trading volume of 895,776 shares, compared to its average volume of 598,721. The stock has a market cap of $1.05 billion, a P/E ratio of -12.16 and a beta of 0.82. Couchbase has a 1-year low of $12.78 and a 1-year high of $21.54. The business has a 50-day simple moving average of $16.82 and a two-hundred day simple moving average of $16.87.

Couchbase (NASDAQ:BASE - Get Free Report) last announced 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 company 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 quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.10) earnings per share. Research analysts anticipate that Couchbase will post -1.48 EPS for the current year.

Insider Buying and Selling

In other Couchbase news, SVP Huw Owen sold 15,938 shares of the company's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $15.43, for a total value 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 represents a 3.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 14.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Couchbase

Institutional investors and hedge funds have recently bought and sold shares of the stock. MetLife Investment Management LLC lifted its position in Couchbase by 5.9% during the fourth quarter. MetLife Investment Management LLC now owns 24,172 shares of the company's stock valued at $377,000 after purchasing an additional 1,342 shares during the last quarter. Intech Investment Management LLC purchased a new position in Couchbase in the 4th quarter worth approximately $249,000. Northern Trust Corp raised its holdings in Couchbase by 11.1% during the 4th quarter. Northern Trust Corp now owns 367,884 shares of the company's stock valued at $5,735,000 after buying an additional 36,828 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Couchbase by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 952,361 shares of the company's stock worth $14,851,000 after purchasing an additional 7,914 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Couchbase by 7.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 396,699 shares of the company's stock worth $6,185,000 after purchasing an additional 27,509 shares during the last quarter. 96.07% of the stock is 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.