In yesterday’s Wall Street session, Couchbase Inc. (NASDAQ:BASE) shares traded at $13.94, down -8.83% from the previous session.
11 analysts cover Couchbase Inc. (NASDAQ:BASE), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $22.00 and a low of $16.00, we find $19.50. Given the previous closing price of $15.29, this indicates a potential upside of 27.53 percent. BASE stock price is now -7.00% away from the 50-day moving average and -5.74% away from the 200-day moving average. The market capitalization of the company currently stands at $680.55M.
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The stock has received a hold rating from 3 analysts and a buy rating from 6. Brokers who have rated the stock have averaged $19.00 as their price target over the next twelve months.
With the price target of $20, Guggenheim recently initiated with Buy rating for Couchbase Inc. (NASDAQ: BASE). On December 15, 2022, Wedbush recently initiated its ‘Neutral’ rating on the stock quoting a target price of $16, while ‘DA Davidson’ rates the stock as ‘Buy’.
In other news, Chow Margaret, SVP & Chief Legal Officer sold 1,175 shares of the company’s stock on Mar 02. The stock was sold for $17,954 at an average price of $15.28. Upon completion of the transaction, the SVP & Chief Legal Officer now directly owns 111,669 shares in the company, valued at $1.56 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 02, SVP & Chief Revenue Officer Owen Huw sold 1,870 shares of the business’s stock. A total of $30,221 was realized by selling the stock at an average price of $16.16. This leaves the insider owning 402,237 shares of the company worth $5.61 million. Insiders disposed of 72,575 shares of company stock worth roughly $1.01 million over the past 1 year. A total of 1.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BASE stock. A new stake in Couchbase Inc. shares was purchased by NORGES BANK during the first quarter worth $4,747,000. PANAGORA ASSET MANAGEMENT INC invested $615,000 in shares of BASE during the first quarter. In the first quarter, FRANKLIN RESOURCES INC acquired a new stake in Couchbase Inc. valued at approximately $363,000. STATE OF WISCONSIN INVESTMENT BOARD acquired a new stake in BASE for approximately $341,000. VERSOR INVESTMENTS LP purchased a new stake in BASE valued at around $333,000 in the second quarter. In total, there are 150 active investors with 93.30% ownership of the company’s stock.
On Tuesday morning Couchbase Inc. (NASDAQ: BASE) stock kicked off with the opening price of $14.41. During the past 12 months, Couchbase Inc. has had a low of $10.19 and a high of $19.97. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.90, and a quick ratio of 2.90. The fifty day moving average price for BASE is $15.01 and a two-hundred day moving average price translates $14.80 for the stock.
The latest earnings results from Couchbase Inc. (NASDAQ: BASE) was released for Oct, 2022. According to the Software – Infrastructure Company, earnings per share came in at -$0.22, beating analysts’ expectations of -$0.33 by 0.11. This compares to -$0.37 EPS in the same period last year. The net profit margin was -41.60% and return on equity was -37.80% for BASE. The company reported revenue of $38.56 million for the quarter, compared to $30.82 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 25.09 percent. For the current quarter, analysts expect BASE to generate $38.26M in revenue.
Couchbase Inc.(BASE) Company Profile
Couchbase, Inc. provides a database for enterprise applications worldwide. 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 Server, a multi-service NoSQL database, which provides SQL-compatible query language and SQL++, that allows for a various array of data manipulation functions; and Couchbase Capella, an automated and secure Database-as-a-Service that helps in database management by deploying, managing, and operating Couchbase Server across cloud environments. It also provides Couchbase Mobile, an embedded NoSQL database for mobile and edge devices that enables an always-on experience with high data availability, even without internet connectivity, as well as synchronization gateway that allows for secure data sync between mobile devices and the backend data store. The company sells its platform through direct sales force and an ecosystem of partners. It servs governments and organizations, as well as enterprises in various industries, including retail and e-commerce, travel and hospitality, financial services and insurance, software and technology, gaming, media and entertainment, and industrials. The company was formerly known as Membase, Inc. and changed its name to Couchbase, Inc. in February 2011. Couchbase, Inc. was incorporated in 2008 and is headquartered in Santa Clara, California.
