Couchbase (NASDAQ:BASE – Get Rating) had its target price raised by Morgan Stanley from $18.00 to $19.00 in a research report report published on Thursday morning, Marketbeat.com reports. Morgan Stanley currently has an equal weight rating on the stock.

A number of other research analysts also recently issued reports on BASE. DA Davidson began coverage on shares of Couchbase in a research report on Tuesday, June 14th. They set a buy rating and a $21.00 price objective on the stock. The Goldman Sachs Group reduced their target price on shares of Couchbase from $28.00 to $25.00 and set a neutral rating on the stock in a research report on Thursday, June 9th. Barclays reduced their target price on shares of Couchbase from $23.00 to $22.00 and set an overweight rating on the stock in a research report on Thursday. Robert W. Baird reduced their target price on shares of Couchbase from $25.00 to $22.00 and set an outperform rating on the stock in a research report on Thursday. Finally, Royal Bank of Canada reduced their target price on shares of Couchbase from $27.00 to $25.00 in a research report on Monday, June 6th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $22.00.

Couchbase Stock Down 0.7 %

NASDAQ:BASE opened at $15.60 on Thursday. The company has a fifty day moving average of $16.68 and a 200 day moving average of $16.46. Couchbase has a 52 week low of $11.68 and a 52 week high of $47.38. The firm has a market capitalization of $695.00 million, a P/E ratio of -10.68 and a beta of 0.67.

Hedge Funds Weigh In On Couchbase

Several institutional investors have recently made changes to their positions in the business. West Rim Capital Associates II L.P. bought a new position in shares of Couchbase in the 4th quarter worth approximately $85,017,000. Vanguard Group Inc. lifted its stake in shares of Couchbase by 170.4% in the 1st quarter. Vanguard Group Inc. now owns 2,070,537 shares of the company's stock worth $36,069,000 after purchasing an additional 1,304,895 shares during the period. Brown Advisory Inc. lifted its stake in shares of Couchbase by 6.9% in the 1st quarter. Brown Advisory Inc. now owns 1,689,422 shares of the company's stock worth $29,496,000 after purchasing an additional 109,600 shares during the period. First Trust Advisors LP raised its stake in Couchbase by 25.3% during the 1st quarter. First Trust Advisors LP now owns 1,494,952 shares of the company's stock worth $26,042,000 after acquiring an additional 302,069 shares during the period. Finally, Frontier Capital Management Co. LLC increased its stake in shares of Couchbase by 34.3% in the first quarter. Frontier Capital Management Co. LLC now owns 1,390,395 shares of the company's stock worth $24,221,000 after purchasing an additional 355,145 shares in the last quarter. Institutional investors own 64.94% of the company's stock.

About Couchbase

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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.

Further Reading

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