Oppenheimer Cuts Couchbase (NASDAQ:BASE) Price Target to $23.00

Couchbase (NASDAQ:BASE) had its price target decreased by Oppenheimer from $25.00 to $23.00 in a report published on Thursday, Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

BASE has been the subject of a number of other research reports. Guggenheim reissued a buy rating and set a $30.00 price objective on shares of Couchbase in a research report on Tuesday, June 25th. Barclays reduced their price target on Couchbase from $20.00 to $19.00 and set an equal weight rating for the company in a research report on Thursday. UBS Group decreased their price objective on Couchbase from $24.00 to $19.00 and set a neutral rating on the stock in a research note on Thursday. Needham & Company LLC reissued a buy rating and issued a $22.00 target price on shares of Couchbase in a report on Thursday. Finally, Piper Sandler decreased their target price on shares of Couchbase from $22.00 to $21.00 and set an overweight rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Couchbase has a consensus rating of Moderate Buy and a consensus target price of $22.93.

Couchbase Trading Down 1.6 %

Shares of BASE opened at $15.85 on Thursday. The company has a market cap of $797.41 million, a price-to-earnings ratio of -9.66 and a beta of 0.61. The business’s fifty day simple moving average is $18.22 and its two-hundred day simple moving average is $22.29. Couchbase has a 12 month low of $14.12 and a 12 month high of $32.00.

Couchbase (NASDAQ:BASE) last issued its quarterly earnings data on Wednesday, September 4th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. The company had revenue of $51.60 million for the quarter, compared to the consensus estimate of $51.11 million. Couchbase had a negative net margin of 41.66% and a negative return on equity of 54.49%. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.44) earnings per share. As a group, research analysts forecast that Couchbase will post -1.45 EPS for the current year.

Insider Transactions at Couchbase

In related news, SVP Margaret Chow sold 2,290 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $20.00, for a total value of $45,800.00. Following the sale, the senior vice president now owns 192,458 shares in the company, valued at $3,849,160. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Couchbase news, SVP Margaret Chow sold 2,290 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $20.00, for a total transaction of $45,800.00. Following the sale, the senior vice president now directly owns 192,458 shares in the company, valued at $3,849,160. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Gregory N. Henry sold 3,982 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $16.52, for a total value of $65,782.64. Following the completion of the sale, the chief financial officer now directly owns 393,060 shares of the company’s stock, valued at $6,493,351.20. The disclosure for this sale can be found here. Insiders have sold 35,987 shares of company stock valued at $668,568 in the last ninety days. Corporate insiders own 16.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BASE. NBC Securities Inc. bought a new stake in shares of Couchbase in the 1st quarter worth about $26,000. Ashton Thomas Private Wealth LLC purchased a new stake in Couchbase in the 2nd quarter worth about $47,000. Point72 Hong Kong Ltd bought a new stake in Couchbase in the second quarter worth about $67,000. StepStone Group LP purchased a new position in shares of Couchbase during the fourth quarter valued at approximately $133,000. Finally, Harbor Capital Advisors Inc. grew its stake in shares of Couchbase by 23.0% during the second quarter. Harbor Capital Advisors Inc. now owns 6,012 shares of the company’s stock valued at $110,000 after buying an additional 1,125 shares during the last quarter. 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.