UBS Group Cuts Couchbase (NASDAQ:BASE) Price Target to $18.00

Couchbase (NASDAQ:BASE) had its target price dropped by analysts at UBS Group from $19.00 to $18.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s target price would indicate a potential upside of 2.68% from the company’s current price.

A number of other research analysts also recently issued reports on the company. Stifel Nicolaus boosted their price target on Couchbase from $20.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Barclays reduced their target price on Couchbase from $23.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday. Robert W. Baird decreased their target price on Couchbase from $27.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday, December 4th. Needham & Company LLC reiterated a “buy” rating and issued a $22.00 price target on shares of Couchbase in a report on Wednesday. Finally, DA Davidson reissued a “buy” rating and set a $25.00 price objective on shares of Couchbase in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $22.19.

Couchbase Stock Performance

NASDAQ:BASE opened at $17.53 on Wednesday. Couchbase has a fifty-two week low of $13.53 and a fifty-two week high of $32.00. The firm has a market cap of $917.66 million, a PE ratio of -10.96 and a beta of 0.81. The business has a 50 day moving average price of $17.01 and a 200-day moving average price of $17.03.

Couchbase (NASDAQ:BASE) last announced its quarterly earnings results on Tuesday, February 25th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.22). Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. The firm had revenue of $54.92 million for the quarter, compared to analysts’ expectations of $53.25 million. Research analysts predict that Couchbase will post -1.48 EPS for the current year.

Insider Buying and Selling at Couchbase

In other Couchbase news, SVP Margaret Chow sold 15,000 shares of Couchbase stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $18.31, for a total transaction of $274,650.00. Following the completion of the transaction, the senior vice president now owns 133,067 shares in the company, valued at approximately $2,436,456.77. The trade was a 10.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Gregory N. Henry sold 3,853 shares of the business’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $15.14, for a total value of $58,334.42. Following the completion of the sale, the chief financial officer now directly owns 336,679 shares in the company, valued at $5,097,320.06. This trade represents a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 54,883 shares of company stock valued at $950,915. Corporate insiders own 16.10% of the company’s stock.

Hedge Funds Weigh In On Couchbase

Large investors have recently modified their holdings of the stock. Mackenzie Financial Corp purchased a new stake in Couchbase during the 4th quarter valued at about $382,000. Two Sigma Advisers LP raised its holdings in Couchbase by 32.4% in the fourth quarter. Two Sigma Advisers LP now owns 47,800 shares of the company’s stock worth $745,000 after buying an additional 11,700 shares during the last quarter. ProShare Advisors LLC lifted its stake in shares of Couchbase by 36.7% in the fourth quarter. ProShare Advisors LLC now owns 14,828 shares of the company’s stock worth $231,000 after buying an additional 3,979 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Couchbase by 5.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,361 shares of the company’s stock valued at $349,000 after buying an additional 1,076 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of Couchbase by 5.8% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 588,439 shares of the company’s stock valued at $9,174,000 after acquiring an additional 32,078 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

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.