Barclays analyst Raimo Lenschow downgraded Couchbase (BASE – Research Report) to a Hold today and set a price target of $29.00. The company’s shares closed last Friday at $27.93.
According to TipRanks, Lenschow is a 4-star analyst with an average return of 5.9% and a 53.81% success rate. Lenschow covers the Technology sector, focusing on stocks such as Couchbase, Pegasystems, and Teradata.
Currently, the analyst consensus on Couchbase is a Moderate Buy with an average price target of $25.67.
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The company has a one-year high of $28.50 and a one-year low of $12.98. Currently, Couchbase has an average volume of 457.2K.
Based on the recent corporate insider activity of 85 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BASE in relation to earlier this year.
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Couchbase (BASE) Company Description:
Couchbase Inc provides a modern cloud database that offers the robust capabilities required for business-critical applications on a highly scalable and available platform.
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