Couchbase (NASDAQ:BASE) Rating Reiterated by Guggenheim

Guggenheim reissued their buy rating on shares of Couchbase (NASDAQ:BASE) in a research report report published on Tuesday, Benzinga reports. They currently have a $30.00 price target on the stock.

Several other equities research analysts have also commented on the company. Wells Fargo & Company lowered their price objective on Couchbase from $37.00 to $30.00 and set an overweight rating on the stock in a research report on Thursday, June 6th. Oppenheimer dropped their price target on shares of Couchbase from $36.00 to $30.00 and set an outperform rating on the stock in a research report on Thursday, June 6th. Robert W. Baird decreased their price objective on shares of Couchbase from $35.00 to $32.00 and set an outperform rating for the company in a research report on Thursday, June 6th. Royal Bank of Canada dropped their target price on Couchbase from $35.00 to $31.00 and set an outperform rating on the stock in a research report on Thursday, June 6th. Finally, UBS Group assumed coverage on Couchbase in a report on Wednesday, May 22nd. They issued a neutral rating and a $31.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Couchbase currently has an average rating of Moderate Buy and a consensus target price of $28.58.

Couchbase Stock Down 2.5 %

Shares of BASE stock opened at $18.26 on Tuesday. Couchbase has a 52-week low of $13.97 and a 52-week high of $32.00. The stock has a market cap of $918.66 million, a PE ratio of -11.13 and a beta of 0.68. The business has a 50-day simple moving average of $22.65 and a 200-day simple moving average of $24.42.

Insider Activity

In related news, SVP Margaret Chow sold 3,934 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $27.53, for a total transaction of $108,303.02. Following the completion of the sale, the senior vice president now directly owns 210,429 shares in the company, valued at $5,793,110.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Margaret Chow sold 3,934 shares of the firm’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $27.53, for a total value of $108,303.02. Following the transaction, the senior vice president now directly owns 210,429 shares of the company’s stock, valued at $5,793,110.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Huw Owen sold 2,993 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $16.53, for a total transaction of $49,474.29. Following the transaction, the senior vice president now owns 412,915 shares in the company, valued at $6,825,484.95. The disclosure for this sale can be found here. Insiders have sold a total of 67,848 shares of company stock worth $1,547,562 over the last quarter. 16.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Couchbase

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings 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 buying an additional 227,828 shares in the last quarter. Hood River Capital Management LLC raised its stake in Couchbase by 4.9% during the first quarter. Hood River Capital Management LLC now owns 1,511,521 shares of the company’s stock worth $39,768,000 after purchasing an additional 70,766 shares during the period. Lord Abbett & CO. LLC acquired a new position in Couchbase in the 1st quarter valued at about $9,059,000. Acadian Asset Management LLC grew its stake in shares of Couchbase by 346.2% in the 1st quarter. Acadian Asset Management LLC now owns 263,439 shares of the company’s stock valued at $6,928,000 after buying an additional 204,396 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Couchbase by 8.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 250,472 shares of the company’s stock worth $5,641,000 after buying an additional 19,256 shares during the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

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.