Insider Selling: Couchbase, Inc. (NASDAQ:BASE) CFO Sells 9,820 Shares of Stock

Couchbase, Inc. (NASDAQ:BASE - Get Free Report) CFO Gregory N. Henry sold 9,820 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $17.62, for a total transaction of $173,028.40. Following the sale, the chief financial officer now owns 304,555 shares in the company, valued at approximately $5,366,259.10. This trade represents a 3.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Couchbase Stock Down 0.7 %

Shares of NASDAQ BASE traded down $0.13 during trading on Friday, reaching $18.36. 306,644 shares of the company traded hands, compared to its average volume of 449,288. The firm has a 50 day simple moving average of $16.56 and a 200-day simple moving average of $17.03. Couchbase, Inc. has a 52-week low of $13.53 and a 52-week high of $32.00. The stock has a market capitalization of $961.15 million, a PE ratio of -11.48 and a beta of 0.81.

Couchbase (NASDAQ:BASE - Get Free Report) last posted its earnings results on Tuesday, December 3rd. The company reported ($0.35) EPS 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 posted ($0.34) earnings per share. As a group, research analysts predict that Couchbase, Inc. will post -1.48 EPS for the current year.

Institutional Trading of Couchbase

A number of hedge funds have recently bought and sold shares of BASE. Daiwa Securities Group Inc. boosted its position in Couchbase by 22.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company's stock worth $65,000 after purchasing an additional 759 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Couchbase by 15.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company's stock worth $112,000 after purchasing 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 worth $211,000 after buying an additional 1,472 shares during the last quarter. Olympiad Research LP purchased a new stake in Couchbase during the fourth quarter valued at approximately $248,000. Finally, Creative Planning increased its holdings in Couchbase by 59.0% during 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 last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Robert W. Baird dropped their price objective 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. Piper Sandler reissued an "overweight" rating and issued a $21.00 price target on shares of Couchbase in a research report on Wednesday, December 4th. Wedbush began coverage on Couchbase in a research report on Thursday, October 17th. They set an "outperform" rating and a $26.00 price objective for the company. Barclays boosted their target price on Couchbase from $19.00 to $23.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. Finally, Morgan Stanley reduced their price target on Couchbase from $27.00 to $25.00 and set an "equal weight" rating for the company in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $23.13.

Couchbase Company Profile

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.