On March 8th, Wedbush analysts released their Q1 2024 earnings estimates for Couchbase, Inc. (BASE:NSD). Analyst I. Koujalgi predicts the company will post earnings of ($0.46) per share for the quarter. The consensus estimate for Couchbase’s current full-year earnings is ($1.47) per share, and Wedbush has issued estimates for Couchbase’s Q2, Q3, and Q4 2024 earnings, along with projections for 2025 earnings. Wedbush has given Couchbase stock a “Neutral” rating with a target price of $16.00.
Couchbase Stock-Analyst Ratings:
Couchbase has also been rated by several other financial firms. Guggenheim reissued a “buy” rating and set a $20.00 target price. Royal Bank of Canada raised its target price from $18.00 to $20.00 and gave the company an “outperform” rating.
Barclays also raised its target price from $16.00 to $19.00 and gave Couchbase an “overweight” rating. Morgan Stanley increased its target price from $18.00 to $19.00 and rated the company as “equal weight.”
Finally, Stifel Nicolaus raised its price target from $17.00 to $19.00 and rated the stock a “buy.”
Couchbase Stock Price Analysis:
On Monday, Couchbase stock opened at $14.60. The firm has a 50-day moving average price of $15.01 and a two-hundred-day moving average price of $14.06.
The firm’s market capitalization is $659.48 million, and it has a price-to-earnings ratio of -9.54 and a beta of 0.63. Couchbase has a 52-week low of $10.19 and a 52-week high of $19.97.
According to data from Stock Target Advisor, Couchbase stock currently has an average rating of “Strong Buy” and an average price target of $18.66.
Hedge Funds & Institutional Holdings:
Institutional investors and hedge funds have recently increased or decreased their stakes in Couchbase stock. Metropolitan Life Insurance Co NY purchased a new position in Couchbase during Q1 2021.
Ameritas Investment Partners Inc. grew its position in Couchbase by 145.6% during the same period. Tower Research Capital LLC TRC grew its position in Couchbase by 65.6% during Q3 2021.
Ensign Peak Advisors Inc purchased a new position in Couchbase during Q1 2021. Finally, UBS Group AG grew its position in Couchbase by 71.3% during Q1 2021.
59.22% of BASE stock is currently owned by hedge funds and other institutional investors.
Insider Transactions:
Couchbase’s CFO, Gregory N. Henry, sold 10,411 shares of the company’s stock in a transaction that occurred on February 1st, 2022. The shares were sold at an average price of $15.09, for a total value of $157,101.99.
Following the sale, Henry directly owns 278,975 shares in the company, valued at approximately $4,209,732.75.
Henry also sold 5,071 shares of Couchbase stock on January 27th, 2022, for a total value of $76,217.13. He sold another 10,411 shares on February 1st, 2022, for a total value of $156,938.19.
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.
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.
