Carol W. Carpenter Sells 900 Shares of Couchbase, Inc. (NASDAQ:BASE) Stock

Couchbase, Inc. (NASDAQ:BASE) Director Carol W. Carpenter sold 900 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $17.30, for a total value of $15,570.00. Following the completion of the transaction, the director now directly owns 20,827 shares of the company’s stock, valued at approximately $360,307.10. This trade represents a 4.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Couchbase Price Performance

Shares of NASDAQ:BASE opened at $18.49 on Friday. The firm’s 50 day simple moving average is $16.60 and its 200 day simple moving average is $17.07. The company has a market capitalization of $967.95 million, a price-to-earnings ratio of -11.56 and a beta of 0.81. Couchbase, Inc. has a fifty-two week low of $13.53 and a fifty-two week high of $32.00.

Couchbase (NASDAQ:BASE) last announced its quarterly earnings results on Tuesday, December 3rd. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate 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 period in the prior year, the company earned ($0.34) earnings per share. Equities research analysts expect that Couchbase, Inc. will post -1.48 earnings per share for the current year.

Institutional Trading of Couchbase

Several hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC grew its stake in shares of Couchbase by 242.9% during the 3rd quarter. Barclays PLC now owns 75,602 shares of the company’s stock worth $1,218,000 after acquiring an additional 53,555 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Couchbase by 33.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 369,190 shares of the company’s stock valued at $5,951,000 after buying an additional 93,301 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Couchbase during the 3rd quarter worth about $772,000. JPMorgan Chase & Co. boosted its stake in shares of Couchbase by 169.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 192,216 shares of the company’s stock worth $3,099,000 after buying an additional 120,975 shares during the last quarter. Finally, 272 Capital LP bought a new position in shares of Couchbase in the 3rd quarter valued at about $3,720,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on BASE shares. Wedbush began coverage on shares of Couchbase in a research note on Thursday, October 17th. They issued an “outperform” rating and a $26.00 price objective for the company. Morgan Stanley decreased their price target on Couchbase from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 4th. Piper Sandler reiterated an “overweight” rating and set a $21.00 price objective on shares of Couchbase in a research note on Wednesday, December 4th. Robert W. Baird reduced their target price on shares of Couchbase from $27.00 to $25.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 4th. Finally, Truist Financial started coverage on shares of Couchbase in a research note on Thursday, December 12th. They set a “buy” rating and a $21.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.13.

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.