Couchbase, Inc. (NASDAQ:BASE – Get Free Report)’s stock price gapped down prior to trading on Monday after Barclays lowered their price target on the stock from $27.00 to $20.00. The stock had previously closed at $18.11, but opened at $17.63. Barclays currently has an equal weight rating on the stock. Couchbase shares last traded at $17.92, with a volume of 11,611 shares trading hands.
BASE has been the topic of several other research reports. DA Davidson reduced their price target on shares of Couchbase from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Guggenheim reiterated a “buy” rating and set a $30.00 target price on shares of Couchbase in a report on Tuesday, June 25th. Piper Sandler began coverage on shares of Couchbase in a research note on Friday. They issued an “overweight” rating and a $22.00 price target for the company. Robert W. Baird cut their target price on shares of Couchbase from $35.00 to $32.00 and set an “outperform” rating on the stock in a research note on Thursday, June 6th. Finally, The Goldman Sachs Group cut Couchbase from a “neutral” rating to a “sell” rating and cut their price target for the company from $30.00 to $18.00 in a research note on Thursday, June 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.14.
Insider Buying and Selling
In other Couchbase news, Director Jeff Epstein sold 7,277 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $20.10, for a total transaction of $146,267.70. Following the transaction, the director now directly owns 28,027 shares of the company’s stock, valued at approximately $563,342.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Margaret Chow sold 2,290 shares of Couchbase stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $20.00, for a total value of $45,800.00. Following the sale, the senior vice president now owns 192,458 shares of the company’s stock, valued at $3,849,160. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jeff Epstein sold 7,277 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $20.10, for a total transaction of $146,267.70. Following the transaction, the director now directly owns 28,027 shares of the company’s stock, valued at $563,342.70. The disclosure for this sale can be found here. Insiders have sold 63,062 shares of company stock worth $1,304,698 in the last quarter. 16.10% of the stock is owned by insiders.
Hedge Funds Weigh In On Couchbase
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Andar Capital Management HK Ltd acquired a new stake in shares of Couchbase in the fourth quarter valued at about $1,216,000. Acadian Asset Management LLC boosted its stake in shares of Couchbase by 346.2% during the 1st quarter. Acadian Asset Management LLC now owns 263,439 shares of the company’s stock worth $6,928,000 after acquiring an additional 204,396 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of Couchbase in the 1st quarter worth approximately $9,059,000. Vanguard Group Inc. increased its stake in Couchbase by 6.0% in the 1st quarter. Vanguard Group Inc. now owns 4,029,423 shares of the company’s stock valued at $106,014,000 after purchasing an additional 227,828 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in Couchbase by 918.4% during the first quarter. Sei Investments Co. now owns 119,717 shares of the company’s stock worth $3,150,000 after purchasing an additional 107,962 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.
Couchbase Stock Up 1.0 %
The company has a market cap of $920.67 million, a price-to-earnings ratio of -11.16 and a beta of 0.61. The company has a fifty day simple moving average of $18.00 and a two-hundred day simple moving average of $23.15.
Couchbase (NASDAQ:BASE – Get Free Report) last posted its earnings results on Wednesday, June 5th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.03). Couchbase had a negative net margin of 41.66% and a negative return on equity of 54.49%. The business had revenue of $51.33 million for the quarter, compared to analysts’ expectations of $48.52 million. On average, research analysts predict that Couchbase, Inc. will post -1.45 EPS for the current year.
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.