Couchbase, Inc. (NASDAQ:BASE) Receives $23.13 Consensus PT from Analysts

Shares of Couchbase, Inc. (NASDAQ:BASE) have been assigned a consensus rating of “Moderate Buy” from the sixteen analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $23.13.

BASE has been the topic of several recent analyst reports. Needham & Company LLC restated a “buy” rating and issued a $22.00 target price on shares of Couchbase in a report on Wednesday, December 4th. Barclays boosted 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 restated an “outperform” rating and set a $25.00 target price on shares of Couchbase in a research report on Wednesday, December 4th. Wedbush started coverage on Couchbase in a report on Thursday, October 17th. They issued an “outperform” rating and a $26.00 target price for the company. Finally, Wells Fargo & Company cut their price target on Couchbase from $30.00 to $23.00 and set an “overweight” rating on the stock in a report on Thursday, September 5th.

Couchbase Stock Performance

Shares of NASDAQ BASE opened at $15.24 on Monday. The company’s 50 day moving average price is $17.52 and its 200-day moving average price is $17.27. Couchbase has a 52-week low of $13.53 and a 52-week high of $32.00. The company has a market capitalization of $797.78 million, a P/E ratio of -9.53 and a beta of 0.71.

Insider Activity

In related news, 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 transaction, the chief financial officer now owns 336,679 shares of the company’s stock, valued at approximately $5,097,320.06. This trade represents a 1.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Huw Owen sold 7,575 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $15.22, for a total value of $115,291.50. Following the sale, the senior vice president now directly owns 341,709 shares of the company’s stock, valued at $5,200,810.98. This represents a 2.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,140 shares of company stock worth $219,004 over the last three months. 16.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Couchbase

Institutional investors and hedge funds have recently bought and sold shares of the stock. EVR Research LP grew its stake in shares of Couchbase by 9.4% in the 2nd quarter. EVR Research LP now owns 2,081,585 shares of the company’s stock worth $38,010,000 after acquiring an additional 179,585 shares in the last quarter. Franklin Resources Inc. grew its position in Couchbase by 27.3% in the 3rd quarter. Franklin Resources Inc. now owns 1,647,334 shares of the company’s stock worth $27,379,000 after purchasing an additional 353,233 shares in the last quarter. Hood River Capital Management LLC increased its stake in 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 buying an additional 118,372 shares during the last quarter. Wasatch Advisors LP lifted its position in shares of Couchbase by 56.4% during the 3rd quarter. Wasatch Advisors LP now owns 990,331 shares of the company’s stock worth $15,964,000 after buying an additional 357,169 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Couchbase by 10.3% in the 3rd quarter. Geode Capital Management LLC now owns 944,447 shares of the company’s stock worth $15,228,000 after buying an additional 88,068 shares during the last quarter. 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.