Couchbase (NASDAQ:BASE) PT Raised to $35.00

Couchbase (NASDAQ:BASEFree Report) had its price objective lifted by Royal Bank of Canada from $32.00 to $35.00 in a research note released on Wednesday morning, Benzinga reports. Royal Bank of Canada currently has an outperform rating on the stock.

Several other research analysts have also commented on BASE. Guggenheim raised their price objective on shares of Couchbase from $27.00 to $32.00 and gave the company a buy rating in a research note on Wednesday. Robert W. Baird raised their price objective on shares of Couchbase from $28.00 to $35.00 and gave the company an outperform rating in a research note on Wednesday. Wells Fargo & Company raised their price objective on shares of Couchbase from $26.00 to $34.00 and gave the company an overweight rating in a research note on Tuesday. Oppenheimer raised their price objective on shares of Couchbase from $25.00 to $36.00 and gave the company an outperform rating in a research note on Wednesday. Finally, Barclays raised their price objective on shares of Couchbase from $29.00 to $33.00 and gave the company an equal weight rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Couchbase has a consensus rating of Moderate Buy and a consensus price target of $32.40.

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Couchbase Price Performance

Shares of BASE opened at $28.33 on Wednesday. Couchbase has a 1-year low of $12.98 and a 1-year high of $32.00. The stock has a market cap of $1.36 billion, a PE ratio of -16.66 and a beta of 0.72. The firm has a 50-day simple moving average of $25.62 and a two-hundred day simple moving average of $20.72.

Couchbase (NASDAQ:BASEGet Free Report) last posted its quarterly earnings data on Wednesday, December 6th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.10. Couchbase had a negative net margin of 44.54% and a negative return on equity of 53.93%. The business had revenue of $45.81 million during the quarter, compared to analyst estimates of $43.02 million. During the same quarter last year, the firm posted ($0.37) earnings per share. The business’s revenue for the quarter was up 18.8% compared to the same quarter last year. As a group, sell-side analysts expect that Couchbase will post -1.43 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Matthew M. Cain sold 78,927 shares of Couchbase stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $23.69, for a total value of $1,869,780.63. Following the completion of the transaction, the chief executive officer now owns 651,219 shares in the company, valued at $15,427,378.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Matthew M. Cain sold 78,927 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $23.69, for a total transaction of $1,869,780.63. Following the completion of the sale, the chief executive officer now owns 651,219 shares in the company, valued at approximately $15,427,378.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Margaret Chow sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $30.53, for a total transaction of $305,300.00. Following the sale, the senior vice president now owns 217,700 shares of the company’s stock, valued at approximately $6,646,381. The disclosure for this sale can be found here. Insiders sold 220,560 shares of company stock worth $5,062,110 over the last 90 days. 22.50% of the stock is owned by insiders.

Institutional Trading of Couchbase

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Couchbase by 13.1% during the 4th quarter. Vanguard Group Inc. now owns 3,801,595 shares of the company’s stock worth $85,612,000 after buying an additional 441,704 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Couchbase by 16.0% in the 2nd quarter. BlackRock Inc. now owns 2,419,606 shares of the company’s stock valued at $38,278,000 after acquiring an additional 333,433 shares during the period. Bamco Inc. NY increased its holdings in shares of Couchbase by 1.4% in the 4th quarter. Bamco Inc. NY now owns 2,354,581 shares of the company’s stock valued at $31,222,000 after acquiring an additional 33,046 shares during the period. First Trust Advisors LP increased its holdings in shares of Couchbase by 25.3% in the 1st quarter. First Trust Advisors LP now owns 1,494,952 shares of the company’s stock valued at $26,042,000 after acquiring an additional 302,069 shares during the period. Finally, Portolan Capital Management LLC increased its holdings in shares of Couchbase by 24.3% in the 2nd quarter. Portolan Capital Management LLC now owns 1,409,865 shares of the company’s stock valued at $22,304,000 after acquiring an additional 276,019 shares during the period. Hedge funds and other institutional investors own 68.60% of the company’s stock.

Couchbase Company Profile

(Get Free Report)

Couchbase, Inc provides a database 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 helps in 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.

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Analyst Recommendations for Couchbase (NASDAQ:BASE)

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