Couchbase (NASDAQ:BASE) Stock Price Expected to Rise, Barclays Analyst Says

Couchbase (NASDAQ:BASE) had its price target boosted by Barclays from $19.00 to $23.00 in a report released on Friday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other analysts have also issued research reports about the company. Stifel Nicolaus lowered their target price on Couchbase from $25.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Robert W. Baird lowered their target price on shares of Couchbase from $32.00 to $27.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th. Oppenheimer reduced their price target on Couchbase from $25.00 to $23.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. Needham & Company LLC restated a “buy” rating and set a $22.00 price target on shares of Couchbase in a research note on Thursday, September 5th. Finally, DA Davidson decreased their price objective on shares of Couchbase from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.40.

Couchbase Trading Up 0.4 %

Shares of BASE traded up $0.07 during trading hours on Friday, reaching $19.25. 380,680 shares of the company traded hands, compared to its average volume of 482,390. The firm has a market cap of $987.99 million, a price-to-earnings ratio of -12.11 and a beta of 0.59. Couchbase has a 12-month low of $13.53 and a 12-month high of $32.00. The stock’s fifty day moving average price is $16.05 and its 200 day moving average price is $18.76.

Couchbase (NASDAQ:BASE) last announced its quarterly earnings results on Wednesday, September 4th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.03. Couchbase had a negative return on equity of 54.84% and a negative net margin of 39.51%. The firm had revenue of $51.60 million for the quarter, compared to analyst estimates of $51.11 million. During the same quarter last year, the firm posted ($0.44) earnings per share. The business’s revenue for the quarter was up 19.7% on a year-over-year basis. On average, research analysts forecast that Couchbase will post -1.51 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Huw Owen sold 6,736 shares of the firm’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $15.07, for a total transaction of $101,511.52. Following the completion of the transaction, the senior vice president now directly owns 373,647 shares in the company, valued at $5,630,860.29. This trade represents a 1.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Edward T. Anderson bought 21,080 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was purchased at an average cost of $14.16 per share, with a total value of $298,492.80. Following the completion of the transaction, the director now owns 85,902 shares in the company, valued at $1,216,372.32. This represents a 32.52 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders sold 11,448 shares of company stock valued at $180,742. Company insiders own 16.10% of the company’s stock.

Hedge Funds Weigh In On Couchbase

A number of institutional investors and hedge funds have recently made changes to their positions in BASE. Vanguard Group Inc. lifted its stake in Couchbase by 6.0% in the first quarter. Vanguard Group Inc. now owns 4,029,423 shares of the company’s stock worth $106,014,000 after acquiring an additional 227,828 shares during the last quarter. EVR Research LP lifted its position in Couchbase by 9.4% in the second quarter. EVR Research LP now owns 2,081,585 shares of the company’s stock valued at $38,010,000 after acquiring an additional 179,585 shares during the last quarter. Hood River Capital Management LLC boosted its position in shares of Couchbase by 7.8% in the 2nd quarter. Hood River Capital Management LLC now owns 1,629,893 shares of the company’s stock valued at $29,762,000 after purchasing an additional 118,372 shares during the period. Wasatch Advisors LP boosted its holdings in shares of Couchbase by 56.4% in the third quarter. Wasatch Advisors LP now owns 990,331 shares of the company’s stock valued at $15,964,000 after acquiring an additional 357,169 shares during the period. Finally, Geode Capital Management LLC grew its position in Couchbase by 10.3% during the 3rd 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 during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

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.