Couchbase (NASDAQ:BASE) Given New $22.00 Price Target at Robert W. Baird

Couchbase (NASDAQ:BASE - Free Report) had its target price lifted by Robert W. Baird from $20.00 to $22.00 in a report released on Wednesday,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Other research analysts also recently issued reports about the stock. Barclays lowered their price objective on shares of Couchbase from $23.00 to $22.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. Royal Bank of Canada lowered their price objective on shares of Couchbase from $25.00 to $22.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Piper Sandler boosted their price objective on shares of Couchbase from $16.00 to $20.00 and gave the company an "overweight" rating in a research report on Wednesday. The Goldman Sachs Group lowered their price objective on shares of Couchbase from $18.00 to $16.00 and set a "sell" rating on the stock in a research report on Thursday, February 27th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $20.00 target price on shares of Couchbase in a research report on Monday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Couchbase presently has a consensus rating of "Moderate Buy" and an average target price of $21.65.

Couchbase Trading Up 1.7%

NASDAQ:BASE traded up $0.33 during mid-day trading on Wednesday, hitting $19.46. The stock had a trading volume of 895,776 shares, compared to its average volume of 598,721. The company has a 50 day simple moving average of $16.82 and a 200-day simple moving average of $16.87. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of -12.16 and a beta of 0.82. Couchbase has a 52 week low of $12.78 and a 52 week high of $21.54.

Couchbase (NASDAQ:BASE - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $0.02. Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. The business had revenue of $56.52 million for the quarter, compared to analyst estimates of $55.59 million. During the same quarter in the previous year, the business earned ($0.10) earnings per share. The firm's revenue was up 10.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Couchbase will post -1.48 earnings per share for the current year.

Insider Activity at Couchbase

In other news, SVP Huw Owen sold 15,938 shares of the stock in a transaction 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 transaction, the senior vice president now owns 427,699 shares in the company, valued at approximately $6,599,395.57. This represents a 3.59% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 14.80% of the company's stock.

Hedge Funds Weigh In On Couchbase

A number of hedge funds have recently made changes to their positions in the business. Woodline Partners LP raised its stake 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 buying an additional 6,446 shares in the last quarter. Caxton Associates LLP acquired a new position in shares of Couchbase in the 1st quarter valued at $271,000. Goldman Sachs Group Inc. raised its stake in shares of Couchbase by 42.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 225,460 shares of the company's stock valued at $3,551,000 after buying an additional 66,719 shares in the last quarter. Petrus Trust Company LTA raised its stake in shares of Couchbase by 36.6% in the 1st quarter. Petrus Trust Company LTA now owns 17,971 shares of the company's stock valued at $283,000 after buying an additional 4,814 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake 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 buying an additional 1,487 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

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.