Analysts Set Couchbase, Inc. (NASDAQ:BASE) Target Price at $22.19

Shares of Couchbase, Inc. (NASDAQ:BASE) have been assigned an average recommendation of “Moderate Buy” from the sixteen research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $22.19.

A number of research analysts recently issued reports on the stock. Barclays decreased their price target on shares of Couchbase from $23.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. UBS Group dropped their price objective on Couchbase from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. The Goldman Sachs Group lowered their target price on shares of Couchbase from $18.00 to $16.00 and set a “sell” rating on the stock in a research report on Thursday, February 27th. Piper Sandler increased their price target on shares of Couchbase from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Finally, Needham & Company LLC restated a “buy” rating and issued a $22.00 price objective on shares of Couchbase in a research note on Wednesday, February 26th.

Insider Buying and Selling at Couchbase

In other news, SVP Huw Owen sold 15,938 shares of the firm’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of $15.43, for a total transaction of $245,923.34. Following the sale, the senior vice president now owns 427,699 shares in the company, valued at $6,599,395.57. This trade represents a 3.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Margaret Chow sold 15,000 shares of Couchbase stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $18.31, for a total value of $274,650.00. Following the completion of the sale, the senior vice president now owns 133,067 shares of the company’s stock, valued at $2,436,456.77. This trade represents a 10.13 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 59,393 shares of company stock worth $1,023,213. Corporate insiders own 16.10% of the company’s stock.

Hedge Funds Weigh In On Couchbase

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC raised its position in shares of Couchbase by 242.9% in the 3rd quarter. Barclays PLC now owns 75,602 shares of the company’s stock worth $1,218,000 after buying an additional 53,555 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Couchbase by 169.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 192,216 shares of the company’s stock valued at $3,099,000 after acquiring an additional 120,975 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Couchbase by 33.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 369,190 shares of the company’s stock valued at $5,951,000 after acquiring an additional 93,301 shares in the last quarter. 272 Capital LP acquired a new stake in Couchbase in the 3rd quarter valued at $3,720,000. Finally, Geode Capital Management LLC lifted its stake in shares of Couchbase by 10.3% during the third quarter. Geode Capital Management LLC now owns 944,447 shares of the company’s stock worth $15,228,000 after purchasing an additional 88,068 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Couchbase Price Performance

NASDAQ BASE opened at $14.04 on Wednesday. The company has a market cap of $745.52 million, a P/E ratio of -8.78 and a beta of 0.81. The stock has a 50-day moving average of $16.62 and a two-hundred day moving average of $16.64. Couchbase has a 1-year low of $12.92 and a 1-year high of $28.67.

Couchbase (NASDAQ:BASE) last announced its 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 return on equity of 57.22% and a negative net margin of 39.31%. The business had revenue of $54.92 million for the quarter, compared to analysts’ expectations of $53.25 million. On average, analysts anticipate that Couchbase will post -1.48 EPS for the current fiscal year.

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.