Stifel Nicolaus Reiterates "Hold" Rating for Couchbase (NASDAQ:BASE)

Stifel Nicolaus reaffirmed their hold rating on shares of Couchbase (NASDAQ:BASE - Free Report) in a research note issued to investors on Tuesday morning,Benzinga reports. The brokerage currently has a $24.50 target price on the stock, up from their previous target price of $22.00.

Other research analysts have also issued reports about the company. Robert W. Baird reiterated a "neutral" rating and set a $25.00 price target (up from $22.00) on shares of Couchbase in a report on Monday. UBS Group upped their price target on Couchbase from $18.00 to $20.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Barclays upped their target price on Couchbase from $22.00 to $24.50 and gave the company an "overweight" rating in a research note on Friday, June 20th. The Goldman Sachs Group cut their target price on Couchbase from $18.00 to $16.00 and set a "sell" rating for the company in a research note on Thursday, February 27th. Finally, Truist Financial restated a "hold" rating and issued a $24.50 target price (up from $21.00) on shares of Couchbase in a research note on Monday. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $23.09.

Couchbase Trading Down 1.2%

Couchbase stock traded down $0.29 during trading hours on Tuesday, reaching $24.12. 2,501,881 shares of the company were exchanged, compared to its average volume of 680,555. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of -17.61 and a beta of 0.82. The stock has a 50-day moving average of $18.52 and a 200 day moving average of $16.97. Couchbase has a 12 month low of $12.78 and a 12 month high of $25.16.

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

Insiders Place Their Bets

In other news, SVP Huw Owen sold 15,938 shares of the firm'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 completion of the sale, the senior vice president now directly owns 427,699 shares in the company, valued at approximately $6,599,395.57. This trade represents a 3.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO William Robert Carey sold 2,300 shares of the firm's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $19.50, for a total value of $44,850.00. Following the completion of the sale, the chief financial officer now owns 94,780 shares of the company's stock, valued at approximately $1,848,210. This trade represents a 2.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 110,708 shares of company stock worth $2,463,649 over the last three months. 14.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Couchbase

A number of hedge funds and other institutional investors have recently made changes to their positions in BASE. Quarry LP acquired a new stake in shares of Couchbase in the fourth quarter valued at $35,000. AlphaQuest LLC boosted its holdings in Couchbase by 20.5% in the first quarter. AlphaQuest LLC now owns 3,631 shares of the company's stock valued at $57,000 after acquiring an additional 617 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in Couchbase by 22.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company's stock valued at $65,000 after acquiring an additional 759 shares during the last quarter. Summit Investment Advisors Inc. boosted its holdings in Couchbase by 24.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,161 shares of the company's stock valued at $65,000 after acquiring an additional 807 shares during the last quarter. Finally, CWM LLC boosted its holdings 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 acquiring 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.