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

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

Couchbase Price Performance

Shares of NASDAQ:BASE traded down $0.13 on Friday, reaching $18.36. The company's stock had a trading volume of 306,644 shares, compared to its average volume of 449,288. Couchbase, Inc. has a 52-week low of $13.53 and a 52-week high of $32.00. The stock's 50-day moving average is $16.56 and its two-hundred day moving average is $17.03. The stock has a market capitalization of $961.15 million, a P/E ratio of -11.48 and a beta of 0.81.

Couchbase (NASDAQ:BASE - Get Free Report) last posted its quarterly earnings data on Tuesday, December 3rd. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.27). Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. During the same period in the previous year, the company earned ($0.34) EPS. Equities analysts forecast that Couchbase, Inc. will post -1.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BASE. Wedbush started coverage on shares of Couchbase in a research note on Thursday, October 17th. They issued an "outperform" rating and a $26.00 price target for the company. Barclays increased their price objective on Couchbase from $19.00 to $23.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Stifel Nicolaus raised their target price on Couchbase from $20.00 to $22.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. Guggenheim reaffirmed a "buy" rating and issued a $30.00 price target on shares of Couchbase in a research note on Wednesday, December 4th. Finally, Needham & Company LLC reissued a "buy" rating and set a $22.00 price objective on shares of Couchbase in a research report on Wednesday, December 4th. 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.13.

Hedge Funds Weigh In On Couchbase

A number of hedge funds and other institutional investors have recently bought and sold shares of BASE. Franklin Resources Inc. lifted its stake in shares of Couchbase by 27.3% in the 3rd quarter. Franklin Resources Inc. now owns 1,647,334 shares of the company's stock worth $27,379,000 after acquiring an additional 353,233 shares during the period. Wasatch Advisors LP raised its holdings in Couchbase by 56.4% during the third quarter. Wasatch Advisors LP now owns 990,331 shares of the company's stock worth $15,964,000 after purchasing an additional 357,169 shares in the last quarter. Geode Capital Management LLC lifted its position in Couchbase by 10.3% in the third quarter. Geode Capital Management LLC now owns 944,447 shares of the company's stock valued at $15,228,000 after purchasing an additional 88,068 shares during the period. Pembroke Management LTD boosted its holdings in Couchbase by 12.2% in the 4th quarter. Pembroke Management LTD now owns 898,842 shares of the company's stock valued at $14,013,000 after purchasing an additional 98,061 shares in the last quarter. Finally, Portolan Capital Management LLC boosted its holdings in Couchbase by 77.8% in the 3rd quarter. Portolan Capital Management LLC now owns 874,795 shares of the company's stock valued at $14,102,000 after purchasing an additional 382,851 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

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.