Couchbase (NASDAQ:BASE) Price Target Raised to $22.00

Couchbase (NASDAQ:BASE) had its price target upped by Piper Sandler from $21.00 to $22.00 in a research note issued to investors on Wednesday,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

A number of other research analysts have also recently issued reports on BASE. Robert W. Baird lowered 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. Barclays lifted 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. Royal Bank of Canada reiterated an “outperform” rating and set a $25.00 price objective on shares of Couchbase in a research note on Wednesday, December 4th. Needham & Company LLC restated a “buy” rating and issued a $22.00 price target on shares of Couchbase in a research note on Wednesday. Finally, Guggenheim restated a “buy” rating and issued a $30.00 price target on shares of Couchbase in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Couchbase presently has an average rating of “Moderate Buy” and a consensus price target of $22.19.

Couchbase Stock Up 0.7 %

BASE opened at $17.65 on Wednesday. The business has a 50 day moving average of $17.05 and a 200-day moving average of $17.04. The stock has a market cap of $923.94 million, a PE ratio of -11.03 and a beta of 0.81. Couchbase has a 52 week low of $13.53 and a 52 week high of $32.00.

Couchbase (NASDAQ:BASE) last announced its quarterly earnings data on Tuesday, February 25th. The company reported ($0.30) earnings per share (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 net margin of 39.31% and a negative return on equity of 57.22%. Equities analysts anticipate that Couchbase will post -1.48 EPS for the current year.

Insider Buying and Selling

In other Couchbase news, CFO Gregory N. Henry sold 3,853 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $15.14, for a total transaction of $58,334.42. Following the completion of the sale, the chief financial officer now owns 336,679 shares of the company’s stock, valued at approximately $5,097,320.06. The trade was a 1.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Huw Owen sold 2,993 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $16.02, for a total value of $47,947.86. Following the sale, the senior vice president now directly owns 325,993 shares of the company’s stock, valued at $5,222,407.86. This represents a 0.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,883 shares of company stock valued at $950,915 over the last 90 days. Company insiders own 16.10% of the company’s stock.

Institutional Trading of Couchbase

Several hedge funds have recently bought and sold shares of BASE. Creative Planning grew its holdings in Couchbase by 59.0% during the third quarter. Creative Planning now owns 17,335 shares of the company’s stock valued at $279,000 after purchasing an additional 6,433 shares during the period. US Bancorp DE grew its holdings in Couchbase by 147.8% during the third quarter. US Bancorp DE now owns 19,528 shares of the company’s stock valued at $315,000 after purchasing an additional 11,648 shares during the period. Harbor Capital Advisors Inc. grew its holdings in Couchbase by 15.9% during the third quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company’s stock valued at $112,000 after purchasing an additional 956 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Couchbase by 33.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 369,190 shares of the company’s stock valued at $5,951,000 after purchasing an additional 93,301 shares during the period. Finally, Alpha DNA Investment Management LLC grew its holdings in Couchbase by 20.4% during the third quarter. Alpha DNA Investment Management LLC now owns 27,306 shares of the company’s stock valued at $440,000 after purchasing an additional 4,629 shares during the period. Institutional investors own 96.07% of the company’s stock.

Couchbase Company Profile

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.