2 hours Ago By ABMN Staff
Stock analysts at Wedbush initiated coverage on shares of Couchbase ( NASDAQ:BASE – Get Free Report ) in a note issued to investors on Thursday, Marketbeat.com reports. The brokerage set an “outperform” rating and a $26.
00 price target on the stock. Wedbush’s price target points to a potential upside of 49.60% from the company’s previous close.
A number of other research analysts have also weighed in on the company. Wells Fargo & Company dropped their price objective on Couchbase from $30.00 to $23.
00 and set an “overweight” rating on the stock in a report on Thursday, September 5th. Morgan Stanley dropped their price objective on Couchbase from $29.00 to $27.
00 and set an “equal weight” rating for the company in a research note on Thursday, September 5th. Oppenheimer lowered their price objective on shares of Couchbase from $25.00 to $23.
00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. Barclays raised shares of Couchbase from an “equal weight” rating to an “overweight” rating and set a $19.00 price target on the stock in a report on Monday, October 7th.
Finally, Stifel Nicolaus cut their price objective on Couchbase from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, September 5th.
One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $23.
13. Check Out Our Latest Research Report on BASE Couchbase Trading Up 1.8 % Couchbase ( NASDAQ:BASE – Get Free Report ) last announced its quarterly earnings data on Wednesday, September 4th.
The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.
03. The company had revenue of $51.60 million for the quarter, compared to analysts’ expectations of $51.
11 million. Couchbase had a negative net margin of 39.51% and a negative return on equity of 54.
84%. Couchbase’s revenue was up 19.7% compared to the same quarter last year.
During the same period in the previous year, the company posted ($0.44) EPS. As a group, equities analysts predict that Couchbase will post -1.
5 earnings per share for the current fiscal year. Insider Activity at Couchbase In related news, Director Edward T. Anderson bought 21,080 shares of the stock in a transaction dated Thursday, September 19th.
The stock was acquired at an average price of $14.16 per share, for a total transaction of $298,492.80.
Following the completion of the purchase, the director now owns 85,902 shares in the company, valued at $1,216,372.32. This represents a 0.
00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink . In other news, Director Edward T.
Anderson acquired 21,080 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were bought at an average price of $14.16 per share, for a total transaction of $298,492.
80. Following the completion of the purchase, the director now directly owns 85,902 shares of the company’s stock, valued at approximately $1,216,372.32.
This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website .
Also, SVP Margaret Chow sold 2,290 shares of Couchbase stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $20.00, for a total value of $45,800.
00. Following the sale, the senior vice president now directly owns 192,458 shares in the company, valued at approximately $3,849,160. The trade was a 0.
00 % decrease in their ownership of the stock. The disclosure for this sale can be found here . In the last three months, insiders sold 29,056 shares of company stock worth $538,135.
Corporate insiders own 16.10% of the company’s stock. Hedge Funds Weigh In On Couchbase A number of hedge funds have recently bought and sold shares of the company.
Vanguard Group Inc. raised its position in shares of Couchbase by 6.0% during the 1st quarter.
Vanguard Group Inc. now owns 4,029,423 shares of the company’s stock worth $106,014,000 after purchasing an additional 227,828 shares during the period. EVR Research LP boosted its stake in Couchbase by 9.
4% during the 2nd quarter. EVR Research LP now owns 2,081,585 shares of the company’s stock valued at $38,010,000 after purchasing an additional 179,585 shares during the period. Hood River Capital Management LLC grew its position in Couchbase by 7.
8% in the 2nd quarter. Hood River Capital Management LLC now owns 1,629,893 shares of the company’s stock worth $29,762,000 after purchasing an additional 118,372 shares during the last quarter. Pembroke Management LTD raised 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 valued at $14,788,000 after buying an additional 123,927 shares during the last quarter. Finally, Lord Abbett & CO.
LLC acquired a new position in Couchbase during the 1st quarter worth $9,059,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.
About Couchbase ( Get Free Report ) 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.
Featured Articles Receive News & Ratings for Couchbase Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Couchbase and related companies with MarketBeat.com's FREE daily email newsletter ..
