Couchbase (NASDAQ:BASE) Receives "Neutral" Rating from DA Davidson

Couchbase (NASDAQ:BASE - Get Free Report)'s stock had its "neutral" rating restated by research analysts at DA Davidson in a note issued to investors on Friday,Benzinga reports. They presently have a $24.50 target price on the stock, down from their previous target price of $25.00. DA Davidson's price objective points to a potential downside of 0.31% from the company's previous close.

A number of other analysts have also commented on the stock. Robert W. Baird boosted their price objective on shares of Couchbase from $20.00 to $22.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. The Goldman Sachs Group cut their price target on shares of Couchbase from $18.00 to $16.00 and set a "sell" rating for the company in a research note on Thursday, February 27th. Needham & Company LLC reissued a "buy" rating and issued a $22.00 price objective on shares of Couchbase in a research report on Wednesday, June 4th. Morgan Stanley upped their target price on shares of Couchbase from $18.00 to $19.00 and gave the company an "equal weight" rating in a report on Wednesday, June 4th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $20.00 price target on shares of Couchbase in a report on Monday, June 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Couchbase has an average rating of "Moderate Buy" and a consensus price target of $21.62.

Couchbase Stock Performance

NASDAQ BASE traded up $5.65 during trading hours on Friday, reaching $24.58. 9,082,432 shares of the company's stock were exchanged, compared to its average volume of 630,694. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of -17.93 and a beta of 0.82. The company's 50-day moving average is $17.77 and its two-hundred day moving average is $16.78. Couchbase has a one year low of $12.78 and a one year high of $25.42.

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

Insider Buying and Selling at Couchbase

In other Couchbase news, CFO William Robert Carey sold 2,300 shares of Couchbase stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $19.50, for a total value of $44,850.00. Following the transaction, the chief financial officer now owns 94,780 shares in the company, valued at $1,848,210. The trade was a 2.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Matthew M. Cain sold 7,833 shares of the stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $20.01, for a total transaction of $156,738.33. Following the completion of the transaction, the chief executive officer now directly owns 952,347 shares of the company's stock, valued at $19,056,463.47. This trade represents a 0.82% decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,904 shares of company stock valued at $622,343 in the last three months. Corporate insiders own 14.80% of the company's stock.

Institutional Investors Weigh In On Couchbase

Several hedge funds and other institutional investors have recently made changes to their positions in BASE. MetLife Investment Management LLC boosted its position in Couchbase by 5.9% in the fourth quarter. MetLife Investment Management LLC now owns 24,172 shares of the company's stock valued at $377,000 after buying an additional 1,342 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of Couchbase during the 4th quarter valued at $249,000. Congress Asset Management Co. bought a new stake in Couchbase during the 1st quarter worth $5,650,000. Harbor Capital Advisors Inc. increased its holdings in Couchbase by 33.3% in the 1st quarter. Harbor Capital Advisors Inc. now owns 8,972 shares of the company's stock worth $141,000 after purchasing an additional 2,240 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Couchbase by 11.1% in the fourth 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 period. 96.07% of the stock is owned by 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.

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