Couchbase (NASDAQ:BASE) Given a $24.50 Price Target by Stifel Nicolaus Analysts

Stifel Nicolaus set a $24.50 target price on Couchbase (NASDAQ:BASE - Free Report) in a research note released on Tuesday, Marketbeat.com reports. The firm currently has a hold rating on the stock.

Other equities research analysts have also issued reports about the company. Robert W. Baird reaffirmed a "neutral" rating and set a $25.00 target price (up from $22.00) on shares of Couchbase in a research report on Monday. Guggenheim cut 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. Needham & Company LLC lowered shares of Couchbase from a "moderate buy" rating to a "hold" rating and set a $22.00 price objective for the company. in a research note on Friday, June 20th. William Blair downgraded shares of Couchbase from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 20th. Finally, Rosenblatt Securities lowered shares of Couchbase from a "strong-buy" rating to a "hold" rating and boosted their price target for the company from $22.00 to $24.50 in a report on Friday, June 20th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Couchbase presently has a consensus rating of "Hold" and a consensus target price of $23.09.

Couchbase Stock Performance

Shares of NASDAQ:BASE traded down $0.05 during trading hours on Tuesday, hitting $24.37. 1,070,442 shares of the company's stock traded hands, compared to its average volume of 689,632. The company's fifty day simple moving average is $18.71 and its two-hundred day simple moving average is $17.03. The company has a market cap of $1.32 billion, a price-to-earnings ratio of -17.78 and a beta of 0.82. Couchbase has a 52 week low of $12.78 and a 52 week high of $25.16.

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

Insider Transactions at Couchbase

In related news, CFO William Robert Carey sold 1,321 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $25.00, for a total value of $33,025.00. Following the transaction, the chief financial officer now owns 92,443 shares in the company, valued at approximately $2,311,075. This represents a 1.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Matthew M. Cain sold 63,600 shares of the firm's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $24.25, for a total value of $1,542,300.00. Following the transaction, the chief executive officer now owns 888,747 shares in the company, valued at approximately $21,552,114.75. This trade represents a 6.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 94,770 shares of company stock valued at $2,217,725. 14.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Couchbase

Several institutional investors and hedge funds have recently added to or reduced their stakes in BASE. Irenic Capital Management LP acquired a new position in Couchbase in the 1st quarter valued at $26,356,000. Hood River Capital Management LLC lifted its position in shares of Couchbase by 38.2% during the 4th quarter. Hood River Capital Management LLC now owns 2,738,468 shares of the company's stock worth $42,693,000 after purchasing an additional 756,394 shares during the last quarter. Wasatch Advisors LP lifted its position in shares of Couchbase by 72.0% during the 4th quarter. Wasatch Advisors LP now owns 1,703,267 shares of the company's stock worth $26,554,000 after purchasing an additional 712,936 shares during the last quarter. Franklin Resources Inc. boosted its stake in 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 purchasing an additional 441,770 shares during the period. Finally, Congress Asset Management Co. acquired a new stake in Couchbase in the 1st quarter valued at approximately $5,650,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

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.