Couchbase (NASDAQ:BASE) Price Target Lowered to $22.00 at Royal Bank of Canada

Couchbase (NASDAQ:BASE) had its price target cut by Royal Bank of Canada from $25.00 to $22.00 in a research report released on Wednesday,Benzinga reports. They currently have an outperform rating on the stock.

Other research analysts also recently issued research reports about the stock. Stifel Nicolaus increased their price objective on shares of Couchbase from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Needham & Company LLC reiterated a “buy” rating and set a $22.00 target price on shares of Couchbase in a research note on Wednesday. Morgan Stanley dropped their price target on Couchbase from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Guggenheim cut their price objective on Couchbase from $30.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Robert W. Baird lowered their target price on Couchbase from $27.00 to $25.00 and set an “outperform” rating on the stock in a report on Wednesday, December 4th. One 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $22.31.

Couchbase Trading Up 12.4 %

Shares of BASE opened at $18.26 on Wednesday. Couchbase has a 12 month low of $13.53 and a 12 month high of $32.00. The business’s fifty day simple moving average is $16.96 and its two-hundred day simple moving average is $17.03. The company has a market cap of $955.87 million, a price-to-earnings ratio of -11.41 and a beta of 0.81.

Couchbase (NASDAQ:BASE) last released its quarterly earnings data on Tuesday, February 25th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.22). The business had revenue of $54.92 million during the quarter, compared to the consensus estimate of $53.25 million. Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. As a group, research analysts forecast that Couchbase will post -1.48 EPS for the current year.

Insider Buying and Selling

In other Couchbase news, SVP Margaret Chow sold 15,000 shares of the stock in a transaction on Tuesday, February 4th. The stock was 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 in the company, valued at approximately $2,436,456.77. This represents a 10.13 % decrease in their position. The sale 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 firm’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $15.14, for a total value of $58,334.42. Following the sale, the chief financial officer now directly owns 336,679 shares in the company, valued at approximately $5,097,320.06. This represents a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,883 shares of company stock valued at $950,915. 16.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BASE. Hood River Capital Management LLC grew its holdings in Couchbase by 38.2% during the 4th quarter. Hood River Capital Management LLC now owns 2,738,468 shares of the company’s stock valued at $42,693,000 after buying an additional 756,394 shares in the last quarter. Wasatch Advisors LP boosted its position in shares of Couchbase by 72.0% during the fourth quarter. Wasatch Advisors LP now owns 1,703,267 shares of the company’s stock worth $26,554,000 after acquiring an additional 712,936 shares during the last quarter. Franklin Resources Inc. grew its stake in Couchbase by 26.8% during the fourth quarter. Franklin Resources Inc. now owns 2,089,104 shares of the company’s stock valued at $32,569,000 after acquiring an additional 441,770 shares in the last quarter. Portolan Capital Management LLC increased its holdings in Couchbase by 77.8% in the 3rd quarter. Portolan Capital Management LLC now owns 874,795 shares of the company’s stock valued at $14,102,000 after acquiring an additional 382,851 shares during the last quarter. Finally, 272 Capital LP purchased a new stake in Couchbase in the 3rd quarter worth $3,720,000. 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.