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Barclays Raises Couchbase (NASDAQ:BASE) Price Target to $24.50

Couchbase logo with Computer and Technology background

Couchbase (NASDAQ:BASE - Get Free Report) had its target price boosted by Barclays from $22.00 to $24.50 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Barclays's price objective would suggest a potential downside of 0.33% from the stock's current price.

Other equities analysts also recently issued research reports about the stock. The Goldman Sachs Group dropped 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. DA Davidson cut Couchbase from a "strong-buy" rating to a "hold" rating and lowered their target price for the stock from $25.00 to $24.50 in a research note on Friday. 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. Robert W. Baird increased their price target on Couchbase from $20.00 to $22.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Finally, William Blair downgraded Couchbase from a "strong-buy" rating to a "hold" rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $22.94.

Read Our Latest Research Report on Couchbase

Couchbase Trading Up 0.4%

Couchbase stock traded up $0.09 during midday trading on Friday, reaching $24.58. 4,637,684 shares of the stock traded hands, compared to its average volume of 662,461. The firm has a market cap of $1.33 billion, a PE ratio of -17.94 and a beta of 0.82. The company has a 50-day simple moving average of $17.95 and a two-hundred day simple moving average of $16.81. Couchbase has a 12-month low of $12.78 and a 12-month high of $25.16.

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 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 revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.10) earnings per share. Equities research analysts anticipate that Couchbase will post -1.48 earnings per share for the current year.

Insiders Place Their Bets

In other Couchbase news, Director Lynn M. Christensen sold 7,933 shares of Couchbase stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $20.01, for a total transaction of $158,739.33. Following the transaction, the director now owns 11,987 shares of the company's stock, valued at $239,859.87. The trade was a 39.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Huw Owen sold 15,938 shares of the stock in a transaction that occurred on Friday, March 28th. The shares were 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 of the company's stock, valued at $6,599,395.57. The trade was a 3.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,904 shares of company stock valued at $622,343. 16.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Couchbase

A number of institutional investors have recently modified their holdings of the business. Rhumbline Advisers boosted its stake in Couchbase by 26.2% during the 4th quarter. Rhumbline Advisers now owns 64,229 shares of the company's stock worth $1,001,000 after purchasing an additional 13,345 shares during the period. Olympiad Research LP purchased a new stake in shares of Couchbase in the fourth quarter valued at about $248,000. Bank of New York Mellon Corp boosted its stake in shares of Couchbase by 8.3% during the fourth quarter. Bank of New York Mellon Corp now owns 134,799 shares of the company's stock worth $2,102,000 after buying an additional 10,333 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Couchbase by 7.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 396,699 shares of the company's stock worth $6,185,000 after buying an additional 27,509 shares during the period. Finally, Ceera Investments LLC grew its holdings in shares of Couchbase by 3.0% during the fourth quarter. Ceera Investments LLC now owns 32,920 shares of the company's stock worth $513,000 after buying an additional 960 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Couchbase Company Profile

(Get Free Report)

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.

See Also

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