Couchbase (NASDAQ:BASE) Price Target Raised to $20.00 at Piper Sandler

Couchbase (NASDAQ:BASE - Free Report) had its price objective upped by Piper Sandler from $16.00 to $20.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

BASE has been the subject of a number of other reports. Guggenheim reduced their price objective 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. The Goldman Sachs Group reduced 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. UBS Group decreased their price target on shares of Couchbase from $19.00 to $18.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. Barclays cut their price objective on Couchbase from $23.00 to $22.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $20.00 target price on shares of Couchbase in a research report on Monday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $21.65.

Couchbase Stock Performance

Shares of Couchbase stock traded up $0.33 on Wednesday, hitting $19.46. The company's stock had a trading volume of 895,776 shares, compared to its average volume of 599,949. The company has a market capitalization of $1.05 billion, a price-to-earnings 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 $21.99. The firm has a fifty day moving average price of $16.82 and a 200-day moving average price of $16.87.

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

Insider Transactions at Couchbase

In other news, SVP Huw Owen sold 15,938 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $15.43, for a total transaction of $245,923.34. Following the completion of the sale, the senior vice president now owns 427,699 shares in the company, valued at $6,599,395.57. This trade represents a 3.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 14.80% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Quarry LP purchased a new stake in Couchbase in the fourth quarter valued at $35,000. AlphaQuest LLC grew its holdings in shares of Couchbase by 20.5% during the 1st quarter. AlphaQuest LLC now owns 3,631 shares of the company's stock worth $57,000 after purchasing an additional 617 shares during the period. Summit Investment Advisors Inc. increased its position in shares of Couchbase by 24.1% during 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 during the last quarter. Daiwa Securities Group Inc. raised its holdings in Couchbase by 22.2% in 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 period. Finally, CWM LLC lifted its position in Couchbase by 272.9% in the first 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 currently owned by institutional investors and hedge funds.

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.