Analysts Set Couchbase, Inc. (NASDAQ:BASE) Target Price at $23.13

Shares of Couchbase, Inc. (NASDAQ:BASE) have received a consensus recommendation of “Moderate Buy” from the sixteen analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $23.13.

BASE has been the subject of several research reports. DA Davidson reissued a “buy” rating and issued a $25.00 price objective on shares of Couchbase in a research report on Wednesday, December 4th. Truist Financial began coverage on Couchbase in a report on Thursday, December 12th. They issued a “buy” rating and a $21.00 price target for the company. Barclays raised their price objective on Couchbase from $19.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Guggenheim reiterated a “buy” rating and issued a $30.00 target price on shares of Couchbase in a report on Wednesday, December 4th. Finally, Piper Sandler reissued an “overweight” rating and set a $21.00 price target on shares of Couchbase in a research report on Wednesday, December 4th.

Insiders Place Their Bets

In other Couchbase news, SVP Huw Owen sold 2,993 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $16.02, for a total value of $47,947.86. Following the completion of the transaction, the senior vice president now owns 325,993 shares of the company’s stock, valued at approximately $5,222,407.86. This trade represents a 0.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Gregory N. Henry sold 3,853 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $15.14, for a total transaction of $58,334.42. Following 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 90 days, insiders sold 54,883 shares of company stock valued at $950,915. 16.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Couchbase

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in Couchbase in the fourth quarter valued at approximately $35,000. Daiwa Securities Group Inc. boosted its holdings in Couchbase by 22.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company’s stock valued at $65,000 after purchasing an additional 759 shares during the last quarter. Ameritas Investment Partners Inc. grew its position in Couchbase by 24.1% during the 4th quarter. Ameritas Investment Partners Inc. now owns 4,161 shares of the company’s stock worth $65,000 after purchasing an additional 807 shares during the period. Harbor Capital Advisors Inc. raised its stake in shares of Couchbase by 15.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company’s stock valued at $112,000 after buying an additional 956 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Couchbase in the 4th quarter valued at about $112,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Couchbase Stock Performance

BASE opened at $18.48 on Tuesday. The stock’s 50 day moving average price is $16.62 and its 200-day moving average price is $17.02. Couchbase has a one year low of $13.53 and a one year high of $32.00. The stock has a market cap of $967.43 million, a price-to-earnings ratio of -11.55 and a beta of 0.81.

Couchbase (NASDAQ:BASE) last released its earnings results on Tuesday, December 3rd. The company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.27). Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. During the same period in the previous year, the business posted ($0.34) earnings per share. As a group, analysts predict that Couchbase will post -1.48 earnings per share for the current fiscal year.

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.