Couchbase (NASDAQ:BASE) Now Covered by Analysts at Truist Financial

Truist Financial assumed coverage on shares of Couchbase (NASDAQ:BASE) in a report released on Thursday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $21.00 price objective on the stock.

Several other research analysts also recently commented on the company. Robert W. Baird reduced their price objective on Couchbase from $27.00 to $25.00 and set an “outperform” rating for the company in a research note on Wednesday, December 4th. Needham & Company LLC reissued a “buy” rating and issued a $22.00 price objective on shares of Couchbase in a research note on Wednesday, December 4th. Morgan Stanley reduced their price objective on Couchbase from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 4th. DA Davidson reissued a “buy” rating and issued a $25.00 price objective on shares of Couchbase in a research note on Wednesday, December 4th. Finally, Barclays increased their price objective on Couchbase from $19.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $23.13.

Couchbase Price Performance

Shares of BASE stock opened at $15.34 on Thursday. The company has a market cap of $803.02 million, a price-to-earnings ratio of -9.59 and a beta of 0.71. The stock has a 50 day simple moving average of $17.67 and a 200-day simple moving average of $17.66. Couchbase has a 1-year low of $13.53 and a 1-year high of $32.00.

Insider Buying and Selling at Couchbase

In other Couchbase news, Director Edward T. Anderson purchased 21,080 shares of the stock in a transaction dated Thursday, September 19th. The stock was acquired at an average cost of $14.16 per share, for a total transaction of $298,492.80. Following the acquisition, the director now owns 85,902 shares in the company, valued at $1,216,372.32. This trade represents a 32.52 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Huw Owen sold 6,736 shares of the 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 transaction, the senior vice president now owns 373,647 shares of the company’s stock, valued at approximately $5,630,860.29. This represents a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,548 shares of company stock worth $163,390 in the last three months. 16.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Couchbase

A number of hedge funds and other institutional investors have recently bought and sold shares of BASE. Portolan Capital Management LLC raised its position in Couchbase by 77.8% in the 3rd quarter. Portolan Capital Management LLC now owns 874,795 shares of the company’s stock valued at $14,102,000 after purchasing an additional 382,851 shares in the last quarter. Wasatch Advisors LP raised its position in Couchbase by 56.4% in the 3rd quarter. Wasatch Advisors LP now owns 990,331 shares of the company’s stock valued at $15,964,000 after purchasing an additional 357,169 shares in the last quarter. Franklin Resources Inc. raised its position in Couchbase by 27.3% in the 3rd quarter. Franklin Resources Inc. now owns 1,647,334 shares of the company’s stock valued at $27,379,000 after purchasing an additional 353,233 shares in the last quarter. 272 Capital LP acquired a new stake in Couchbase in the 3rd quarter valued at about $3,720,000. Finally, EVR Research LP raised its position in Couchbase by 9.4% in the 2nd quarter. EVR Research LP now owns 2,081,585 shares of the company’s stock valued at $38,010,000 after purchasing an additional 179,585 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other 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.