Truist Financial Reiterates Hold Rating for Couchbase (NASDAQ:BASE)

Truist Financial restated their hold rating on shares of Couchbase (NASDAQ:BASE - Free Report) in a research note published on Monday,Benzinga reports. They currently have a $24.50 price objective on the stock, up from their previous price objective of $21.00.

A number of other research analysts also recently commented on the company. Piper Sandler downgraded Couchbase from a "strong-buy" rating to a "hold" rating and increased their target price for the company from $20.00 to $24.50 in a research report on Friday, June 20th. Royal Bank Of Canada restated an "outperform" rating and set a $22.00 price objective on shares of Couchbase in a report on Wednesday, June 4th. The Goldman Sachs Group lowered their price target on Couchbase from $18.00 to $16.00 and set a "sell" rating for the company in a report on Thursday, February 27th. Needham & Company LLC lowered shares of Couchbase from a "moderate buy" rating to a "hold" rating and set a $22.00 price target for the company. in a report on Friday, June 20th. Finally, Morgan Stanley increased their price target on shares of Couchbase from $18.00 to $19.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 4th. One equities 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 has a consensus rating of "Hold" and a consensus target price of $23.09.

Couchbase Stock Up 1.2%

Shares of Couchbase stock traded up $0.29 on Monday, reaching $24.41. The company's stock had a trading volume of 1,542,500 shares, compared to its average volume of 685,295. Couchbase has a 52 week low of $12.78 and a 52 week high of $25.16. The firm's fifty day simple moving average is $18.52 and its two-hundred day simple moving average is $16.97. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of -17.82 and a beta of 0.82.

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

Insider Buying and Selling

In other Couchbase news, CFO William Robert Carey sold 1,321 shares of the business's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $25.00, for a total transaction of $33,025.00. Following the completion of the sale, the chief financial officer now owns 92,443 shares in the company, valued at $2,311,075. The trade was a 1.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Huw Owen sold 15,938 shares of the company'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 value of $245,923.34. Following the transaction, the senior vice president now directly owns 427,699 shares of the company's stock, valued at $6,599,395.57. This trade represents a 3.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 110,708 shares of company stock valued at $2,463,649. Corporate insiders own 14.80% of the company's stock.

Institutional Investors Weigh In On Couchbase

Hedge funds and other institutional investors have recently bought and sold shares of the business. Woodline Partners LP boosted its position in shares of Couchbase by 60.7% in the 1st quarter. Woodline Partners LP now owns 17,069 shares of the company's stock valued at $269,000 after purchasing an additional 6,446 shares during the period. Caxton Associates LLP acquired a new position in shares of Couchbase in the first quarter worth about $271,000. Goldman Sachs Group Inc. increased its position in shares of Couchbase by 42.0% in the first quarter. Goldman Sachs Group Inc. now owns 225,460 shares of the company's stock worth $3,551,000 after acquiring an additional 66,719 shares in the last quarter. Petrus Trust Company LTA raised its holdings in shares of Couchbase by 36.6% during the first quarter. Petrus Trust Company LTA now owns 17,971 shares of the company's stock valued at $283,000 after acquiring an additional 4,814 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Couchbase by 6.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,848 shares of the company's stock valued at $376,000 after acquiring an additional 1,487 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

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.