Couchbase, Inc. (NASDAQ:BASE) Receives $23.13 Average Price Target from Analysts

Couchbase, Inc. (NASDAQ:BASE) has been given an average recommendation of “Moderate Buy” by the fifteen ratings firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $23.13.

Several equities analysts recently weighed in on the stock. UBS Group cut their price objective on shares of Couchbase from $24.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Piper Sandler Companies initiated coverage on shares of Couchbase in a report on Friday, August 16th. They set an “overweight” rating and a $22.00 price target on the stock. Robert W. Baird decreased their price target on Couchbase from $32.00 to $27.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th. Oppenheimer cut their price objective on Couchbase from $25.00 to $23.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. Finally, Piper Sandler decreased their target price on Couchbase from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th.

Couchbase Stock Performance

Shares of NASDAQ:BASE opened at $16.72 on Friday. The firm has a 50 day simple moving average of $16.01 and a 200 day simple moving average of $19.03. Couchbase has a 52 week low of $13.53 and a 52 week high of $32.00. The company has a market cap of $858.07 million, a PE ratio of -10.52 and a beta of 0.59.

Couchbase (NASDAQ:BASE) last announced its quarterly earnings data on Wednesday, September 4th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.03. The firm had revenue of $51.60 million during the quarter, compared to analyst estimates of $51.11 million. Couchbase had a negative return on equity of 54.84% and a negative net margin of 39.51%. The business’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period last year, the company posted ($0.44) EPS. On average, equities analysts predict that Couchbase will post -1.51 earnings per share for the current year.

Insider Buying and Selling at Couchbase

In related news, SVP Huw Owen sold 6,736 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $15.07, for a total value of $101,511.52. Following the completion of the transaction, the senior vice president now directly owns 373,647 shares of the company’s stock, valued at $5,630,860.29. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Edward T. Anderson acquired 21,080 shares of the stock in a transaction dated Thursday, September 19th. The shares were bought at an average cost of $14.16 per share, for a total transaction of $298,492.80. Following the purchase, the director now owns 85,902 shares in the company, valued at approximately $1,216,372.32. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Huw Owen sold 6,736 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $15.07, for a total value of $101,511.52. Following the completion of the transaction, the senior vice president now directly owns 373,647 shares of the company’s stock, valued at approximately $5,630,860.29. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,536 shares of company stock valued at $164,326 in the last quarter. Corporate insiders own 16.10% of the company’s stock.

Institutional Trading of Couchbase

Large investors have recently bought and sold shares of the stock. Ashton Thomas Private Wealth LLC bought a new stake in Couchbase during the second quarter worth about $47,000. Point72 Hong Kong Ltd bought a new stake in Couchbase during the 2nd quarter worth approximately $67,000. Harbor Capital Advisors Inc. increased its holdings in Couchbase by 23.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 6,012 shares of the company’s stock valued at $110,000 after purchasing an additional 1,125 shares in the last quarter. Arizona State Retirement System raised its position in Couchbase by 28.5% in the 2nd quarter. Arizona State Retirement System now owns 11,032 shares of the company’s stock valued at $201,000 after purchasing an additional 2,445 shares during the last quarter. Finally, ProShare Advisors LLC acquired a new position in Couchbase in the first quarter worth $230,000. 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.