Couchbase, Inc. (NASDAQ:BASE) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Couchbase, Inc. (NASDAQ:BASEGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $32.40.

A number of research analysts recently issued reports on the company. Stifel Nicolaus boosted their price objective on Couchbase from $24.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Guggenheim upped their target price on shares of Couchbase from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Wells Fargo & Company lifted their price target on Couchbase from $26.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, March 5th. DA Davidson raised their target price on Couchbase from $27.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Finally, Oppenheimer boosted their price target on Couchbase from $25.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th.

Check Out Our Latest Stock Analysis on BASE

Insider Activity at Couchbase

In other Couchbase news, CEO Matthew M. Cain sold 10,053 shares of Couchbase stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $26.58, for a total value of $267,208.74. Following the transaction, the chief executive officer now owns 873,405 shares in the company, valued at $23,215,104.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Couchbase news, SVP Huw Owen sold 11,581 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $26.79, for a total transaction of $310,254.99. Following the completion of the sale, the senior vice president now directly owns 441,454 shares of the company’s stock, valued at $11,826,552.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthew M. Cain sold 10,053 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $26.58, for a total transaction of $267,208.74. Following the completion of the transaction, the chief executive officer now owns 873,405 shares of the company’s stock, valued at $23,215,104.90. The disclosure for this sale can be found here. Insiders sold a total of 65,281 shares of company stock valued at $1,782,400 over the last ninety days. Insiders own 16.10% of the company’s stock.

Institutional Investors Weigh In On Couchbase

Several hedge funds have recently made changes to their positions in the company. NBC Securities Inc. acquired a new stake in Couchbase during the 1st quarter valued at $26,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Couchbase during the third quarter valued at $67,000. AJOVista LLC acquired a new position in Couchbase during the fourth quarter valued at $74,000. Daiwa Securities Group Inc. purchased a new stake in Couchbase in the 4th quarter worth about $92,000. Finally, StepStone Group LP acquired a new stake in Couchbase during the 4th quarter worth about $133,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Couchbase Price Performance

Shares of BASE opened at $27.58 on Friday. Couchbase has a 12-month low of $13.97 and a 12-month high of $32.00. The business’s fifty day moving average price is $25.78 and its 200 day moving average price is $23.90. The stock has a market capitalization of $1.38 billion, a PE ratio of -16.22 and a beta of 0.72.

Couchbase (NASDAQ:BASEGet Free Report) last announced its quarterly earnings data on Tuesday, March 5th. The company reported ($0.32) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.03. Couchbase had a negative net margin of 44.54% and a negative return on equity of 54.61%. The business had revenue of $50.09 million during the quarter, compared to the consensus estimate of $46.56 million. As a group, research analysts anticipate that Couchbase will post -1.42 earnings per share for the current fiscal year.

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.

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Analyst Recommendations for Couchbase (NASDAQ:BASE)

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