Couchbase, Inc. (NASDAQ:BASE) SVP Margaret Chow Sells 15,000 Shares of Stock

Couchbase, Inc. (NASDAQ:BASE) SVP Margaret Chow sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $18.31, for a total value of $274,650.00. Following the sale, the senior vice president now owns 133,067 shares of the company’s stock, valued at approximately $2,436,456.77. This trade represents a 10.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Couchbase Stock Performance

NASDAQ:BASE opened at $18.84 on Thursday. The firm’s 50-day moving average is $16.64 and its 200-day moving average is $17.06. Couchbase, Inc. has a 52-week low of $13.53 and a 52-week high of $32.00. The company has a market cap of $986.27 million, a price-to-earnings ratio of -11.78 and a beta of 0.81.

Couchbase (NASDAQ:BASE) last announced its earnings results on Tuesday, December 3rd. The company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.27). Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. During the same quarter in the prior year, the company earned ($0.34) earnings per share. Equities analysts predict that Couchbase, Inc. will post -1.48 EPS for the current year.

Wall Street Analyst Weigh In

BASE has been the topic of a number of recent analyst reports. Morgan Stanley decreased their price objective on Couchbase from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 4th. Guggenheim reiterated a “buy” rating and issued a $30.00 price objective on shares of Couchbase in a research note on Wednesday, December 4th. Needham & Company LLC reissued a “buy” rating and issued a $22.00 target price on shares of Couchbase in a report on Wednesday, December 4th. Truist Financial assumed coverage on Couchbase in a report on Thursday, December 12th. They issued a “buy” rating and a $21.00 target price on the stock. Finally, DA Davidson reaffirmed a “buy” rating and set a $25.00 price objective on shares of Couchbase in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $23.13.

Institutional Investors Weigh In On Couchbase

Several large investors have recently bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its holdings in shares of Couchbase by 15.9% in the third quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company’s stock valued at $112,000 after buying an additional 956 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Couchbase by 12.2% in the fourth quarter. SG Americas Securities LLC now owns 13,546 shares of the company’s stock valued at $211,000 after buying an additional 1,472 shares during the period. Olympiad Research LP acquired a new position in shares of Couchbase in the fourth quarter valued at approximately $248,000. Creative Planning boosted its holdings in shares of Couchbase by 59.0% in the third quarter. Creative Planning now owns 17,335 shares of the company’s stock valued at $279,000 after buying an additional 6,433 shares during the period. Finally, US Bancorp DE boosted its holdings in shares of Couchbase by 147.8% in the third quarter. US Bancorp DE now owns 19,528 shares of the company’s stock valued at $315,000 after buying an additional 11,648 shares during the period. Institutional investors own 96.07% of the company’s stock.

About Couchbase

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.