Guggenheim Has Lowered Expectations for Couchbase (NASDAQ:BASE) Stock Price

Couchbase (NASDAQ:BASE) had its price target reduced by Guggenheim from $30.00 to $26.00 in a research note released on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms have also recently weighed in on BASE. Stifel Nicolaus boosted their target price on Couchbase from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Royal Bank of Canada reissued an “outperform” rating and set a $25.00 price objective on shares of Couchbase in a report on Wednesday, December 4th. Barclays lowered their target price on shares of Couchbase from $23.00 to $22.00 and set an “overweight” rating for the company in a report on Wednesday. DA Davidson reiterated a “buy” rating and set a $25.00 price target on shares of Couchbase in a research note on Wednesday, December 4th. Finally, Needham & Company LLC restated a “buy” rating and issued a $22.00 price objective on shares of Couchbase in a research note on Wednesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Couchbase currently has an average rating of “Moderate Buy” and an average price target of $22.31.

Couchbase Trading Up 12.4 %

Shares of BASE opened at $18.26 on Wednesday. The firm has a market capitalization of $955.87 million, a price-to-earnings ratio of -11.41 and a beta of 0.81. The firm’s fifty day simple moving average is $16.96 and its 200-day simple moving average is $17.03. Couchbase has a twelve month low of $13.53 and a twelve month high of $32.00.

Couchbase (NASDAQ:BASE) last posted its earnings results 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 analysts’ expectations of $53.25 million. Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. On average, analysts predict that Couchbase will post -1.48 earnings per share for the current fiscal year.

Insider Transactions at Couchbase

In other Couchbase news, CFO Gregory N. Henry sold 3,853 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $15.14, for a total transaction of $58,334.42. Following the completion of the sale, the chief financial officer now directly owns 336,679 shares of the company’s stock, valued at $5,097,320.06. This represents a 1.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Huw Owen sold 2,993 shares of Couchbase stock in a transaction that occurred 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 in the company, valued at $5,222,407.86. This trade represents a 0.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 54,883 shares of company stock worth $950,915. Company insiders own 16.10% of the company’s stock.

Hedge Funds Weigh In On Couchbase

Several institutional investors have recently bought and sold shares of BASE. Daiwa Securities Group Inc. lifted its stake in shares of Couchbase by 22.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company’s stock worth $65,000 after acquiring an additional 759 shares during the period. Summit Investment Advisors Inc. raised its holdings in Couchbase by 24.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,161 shares of the company’s stock worth $65,000 after purchasing an additional 807 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in Couchbase by 15.9% in the third quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company’s stock valued at $112,000 after purchasing an additional 956 shares during the period. Ceera Investments LLC boosted its holdings in Couchbase by 3.0% in the 4th quarter. Ceera Investments LLC now owns 32,920 shares of the company’s stock valued at $513,000 after purchasing an additional 960 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Couchbase by 5.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,361 shares of the company’s stock worth $349,000 after purchasing an additional 1,076 shares during the period. 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.