Couchbase, Inc. (NASDAQ:BASE) Receives Consensus Rating of “Moderate Buy” from Analysts

Couchbase, Inc. (NASDAQ:BASE) has been given a consensus rating of “Moderate Buy” by the sixteen brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and thirteen have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $23.13.

BASE has been the subject of several recent research reports. Wedbush started coverage on Couchbase in a research note on Thursday, October 17th. They issued an “outperform” rating and a $26.00 price target for the company. Oppenheimer reduced their target price on shares of Couchbase from $25.00 to $23.00 and set an “outperform” rating for the company in a research report on Thursday, September 5th. Needham & Company LLC restated a “buy” rating and issued a $22.00 price target on shares of Couchbase in a research note on Wednesday, December 4th. Barclays boosted their price target on Couchbase from $19.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, Piper Sandler restated an “overweight” rating and set a $21.00 price objective on shares of Couchbase in a research note on Wednesday, December 4th.

Couchbase Stock Down 2.2 %

Shares of BASE stock opened at $15.24 on Monday. Couchbase has a 12-month low of $13.53 and a 12-month high of $32.00. The company has a market capitalization of $797.78 million, a PE ratio of -9.53 and a beta of 0.71. The firm has a 50 day moving average price of $17.52 and a two-hundred day moving average price of $17.27.

Insider Activity

In other news, SVP Huw Owen sold 7,575 shares of the stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 341,709 shares in the company, valued at approximately $5,200,810.98. This represents a 2.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Gregory N. Henry sold 3,853 shares of the firm’s stock in a transaction on 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 trade represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,140 shares of company stock worth $219,004. Corporate insiders own 16.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BASE. Bank of New York Mellon Corp boosted its position in Couchbase by 34.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 164,149 shares of the company’s stock worth $2,997,000 after buying an additional 42,434 shares during the period. Pembroke Management LTD lifted its holdings in shares of Couchbase by 18.1% during the second quarter. Pembroke Management LTD now owns 809,876 shares of the company’s stock worth $14,788,000 after purchasing an additional 123,927 shares during the period. Rhumbline Advisers grew its stake in shares of Couchbase by 14.3% in the second quarter. Rhumbline Advisers now owns 53,544 shares of the company’s stock worth $978,000 after purchasing an additional 6,707 shares during the last quarter. Arizona State Retirement System increased its holdings in Couchbase by 28.5% in the second quarter. Arizona State Retirement System now owns 11,032 shares of the company’s stock valued at $201,000 after purchasing an additional 2,445 shares during the period. Finally, Acadian Asset Management LLC raised its position in Couchbase by 17.6% during the 2nd quarter. Acadian Asset Management LLC now owns 309,737 shares of the company’s stock worth $5,653,000 after purchasing an additional 46,298 shares during the last quarter. Institutional investors and hedge funds 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.