Couchbase (NASDAQ:BASE) Rating Reiterated by Guggenheim

Couchbase (NASDAQ:BASE)‘s stock had its “buy” rating reissued by analysts at Guggenheim in a research note issued on Tuesday, Benzinga reports. They presently have a $30.00 price objective on the stock. Guggenheim’s price objective points to a potential upside of 70.55% from the company’s previous close.

BASE has been the subject of several other research reports. Wells Fargo & Company reduced their price target on shares of Couchbase from $37.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, June 6th. The Goldman Sachs Group downgraded shares of Couchbase from a “neutral” rating to a “sell” rating and reduced their price target for the company from $30.00 to $18.00 in a research report on Thursday, June 6th. Barclays reduced their price target on shares of Couchbase from $33.00 to $27.00 and set an “equal weight” rating for the company in a research report on Thursday, June 6th. Stifel Nicolaus upped their price target on shares of Couchbase from $24.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Finally, Oppenheimer cut their price objective on shares of Couchbase from $36.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, June 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $28.58.

Couchbase Trading Up 0.5 %

Shares of Couchbase stock opened at $17.59 on Tuesday. The company has a fifty day simple moving average of $22.83 and a 200-day simple moving average of $24.49. Couchbase has a 12-month low of $13.97 and a 12-month high of $32.00. The stock has a market cap of $884.95 million, a price-to-earnings ratio of -10.73 and a beta of 0.68.

Insider Activity at Couchbase

In related news, SVP Margaret Chow sold 1,066 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $27.50, for a total value of $29,315.00. Following the sale, the senior vice president now directly owns 210,429 shares of the company’s stock, valued at approximately $5,786,797.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Couchbase news, SVP Margaret Chow sold 1,066 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $27.50, for a total transaction of $29,315.00. Following the sale, the senior vice president now directly owns 210,429 shares of the company’s stock, valued at approximately $5,786,797.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 sale, the chief executive officer now directly owns 873,405 shares in the company, valued at $23,215,104.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,848 shares of company stock valued at $1,547,562. Insiders own 16.10% of the company’s stock.

Institutional Investors Weigh In On Couchbase

Several hedge funds have recently modified their holdings of BASE. Lord Abbett & CO. LLC purchased a new position in shares of Couchbase during the 1st quarter worth about $9,059,000. Vanguard Group Inc. lifted its holdings in shares of Couchbase by 6.0% during the 1st quarter. Vanguard Group Inc. now owns 4,029,423 shares of the company’s stock worth $106,014,000 after acquiring an additional 227,828 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Couchbase by 346.2% during the 1st quarter. Acadian Asset Management LLC now owns 263,439 shares of the company’s stock worth $6,928,000 after acquiring an additional 204,396 shares during the period. Circumference Group LLC purchased a new position in shares of Couchbase during the 4th quarter worth about $4,504,000. Finally, Sei Investments Co. lifted its holdings in shares of Couchbase by 918.4% during the 1st quarter. Sei Investments Co. now owns 119,717 shares of the company’s stock worth $3,150,000 after acquiring an additional 107,962 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

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.