Couchbase (NASDAQ:BASE) Given New $18.00 Price Target at Morgan Stanley

Couchbase (NASDAQ:BASE) had its price target decreased by research analysts at Morgan Stanley from $23.00 to $18.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 20.89% from the company’s current price.

Several other research firms have also recently weighed in on BASE. Guggenheim dropped their price target on shares of Couchbase from $30.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Royal Bank of Canada cut their target price on Couchbase from $25.00 to $22.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Barclays decreased their price target on Couchbase from $23.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. UBS Group reduced their price objective on shares of Couchbase from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Finally, Wells Fargo & Company decreased their target price on shares of Couchbase from $23.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.76.

Couchbase Stock Performance

Shares of BASE stock opened at $14.89 on Wednesday. The firm has a market capitalization of $790.66 million, a P/E ratio of -9.31 and a beta of 0.85. Couchbase has a fifty-two week low of $12.78 and a fifty-two week high of $28.67. The stock’s fifty day moving average is $15.88 and its two-hundred day moving average is $16.64.

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

Insider Transactions at Couchbase

In other Couchbase news, CFO Gregory N. Henry sold 9,820 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $17.62, for a total transaction of $173,028.40. Following the completion of the transaction, the chief financial officer now owns 304,555 shares in the company, valued at $5,366,259.10. The trade was a 3.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Huw Owen sold 15,938 shares of the stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $15.43, for a total transaction of $245,923.34. Following the completion of the sale, the senior vice president now directly owns 427,699 shares in the company, valued at approximately $6,599,395.57. This represents a 3.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,400 shares of company stock valued at $975,265. 16.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Couchbase

A number of institutional investors have recently bought and sold shares of the business. Barclays PLC grew 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 valued at $1,218,000 after buying an additional 53,555 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Couchbase by 169.8% in the third 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 in the last quarter. 272 Capital LP purchased a new position in shares of Couchbase during the third quarter worth about $3,720,000. Geode Capital Management LLC increased its position 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. Finally, Franklin Resources Inc. lifted its holdings in shares of 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 during the last quarter. 96.07% of the stock is 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.