Barclays Issues Pessimistic Forecast for Couchbase (NASDAQ:BASE) Stock Price

Couchbase (NASDAQ:BASE) had its target price decreased by Barclays from $23.00 to $22.00 in a report released on Wednesday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

Other research analysts have also issued research reports about the stock. Robert W. Baird reduced their price objective on shares of Couchbase from $27.00 to $25.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 4th. Needham & Company LLC reissued a “buy” rating and set a $22.00 price target on shares of Couchbase in a research report on Wednesday. Guggenheim restated a “buy” rating and issued a $30.00 price objective on shares of Couchbase in a research report on Wednesday, December 4th. Truist Financial started coverage on Couchbase in a report on Thursday, December 12th. They set a “buy” rating and a $21.00 target price on the stock. Finally, Piper Sandler boosted their target price on Couchbase from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.31.

Couchbase Stock Up 12.4 %

BASE stock opened at $18.26 on Wednesday. Couchbase has a twelve month low of $13.53 and a twelve month high of $32.00. The company has a market cap of $955.87 million, a P/E ratio of -11.41 and a beta of 0.81. The business’s fifty day moving average is $16.96 and its 200-day moving average is $17.03.

Couchbase (NASDAQ:BASE) last released its earnings results on Tuesday, February 25th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.22). The company had revenue of $54.92 million during the quarter, compared to analyst estimates of $53.25 million. Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. Research analysts anticipate that Couchbase will post -1.48 earnings per share for the current fiscal year.

Insider Transactions at Couchbase

In other Couchbase news, SVP Huw Owen sold 2,993 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $16.02, for a total transaction of $47,947.86. Following the sale, the senior vice president now directly owns 325,993 shares of the company’s stock, valued at $5,222,407.86. The trade was a 0.91 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 completion of the transaction, the chief financial officer now owns 336,679 shares of the company’s stock, valued at $5,097,320.06. The trade was a 1.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,883 shares of company stock valued at $950,915 in the last ninety days. 16.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Barclays PLC increased its position in shares of Couchbase by 242.9% during the 3rd quarter. Barclays PLC now owns 75,602 shares of the company’s stock worth $1,218,000 after purchasing an additional 53,555 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Couchbase by 33.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 369,190 shares of the company’s stock worth $5,951,000 after buying an additional 93,301 shares during the last quarter. JPMorgan Chase & Co. raised its position in Couchbase by 169.8% during the third quarter. JPMorgan Chase & Co. now owns 192,216 shares of the company’s stock worth $3,099,000 after acquiring an additional 120,975 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Couchbase during the third quarter worth $772,000. Finally, 272 Capital LP acquired a new stake in Couchbase in the third quarter valued at $3,720,000. 96.07% of the stock is owned by institutional investors and hedge funds.

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.