Couchbase, Inc. (NASDAQ:BASE) SVP Sells $274,650.00 in Stock

Couchbase, Inc. (NASDAQ:BASE - Get Free Report) SVP Margaret Chow sold 15,000 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $18.31, for a total value of $274,650.00. Following the completion of the transaction, the senior vice president now directly owns 133,067 shares in the company, valued at $2,436,456.77. This trade represents a 10.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Couchbase Trading Down 0.7 %

Shares of Couchbase stock traded down $0.13 during trading hours on Friday, hitting $18.36. 306,644 shares of the company were exchanged, compared to its average volume of 449,288. The business has a 50-day moving average of $16.56 and a 200-day moving average of $17.03. Couchbase, Inc. has a 1 year low of $13.53 and a 1 year high of $32.00. The stock has a market capitalization of $961.15 million, a price-to-earnings ratio of -11.48 and a beta of 0.81.

Couchbase (NASDAQ:BASE - Get Free Report) last announced its quarterly earnings data 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 previous year, the company posted ($0.34) EPS. As a group, research analysts anticipate that Couchbase, Inc. will post -1.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Robert W. Baird dropped their price objective on Couchbase from $27.00 to $25.00 and set an "outperform" rating on the stock in a report on Wednesday, December 4th. Truist Financial started coverage on shares of Couchbase in a research note on Thursday, December 12th. They issued a "buy" rating and a $21.00 price target on the stock. Barclays boosted their price objective on shares of Couchbase from $19.00 to $23.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. DA Davidson reaffirmed a "buy" rating and issued a $25.00 target price on shares of Couchbase in a research report on Wednesday, December 4th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $22.00 price target on shares of Couchbase in a research 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 issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $23.13.

Institutional Investors Weigh In On Couchbase

Institutional investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. lifted its holdings 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 valued at $27,379,000 after buying an additional 353,233 shares during the period. Wasatch Advisors LP raised its position in Couchbase by 56.4% in the third quarter. Wasatch Advisors LP now owns 990,331 shares of the company's stock worth $15,964,000 after acquiring an additional 357,169 shares in the last quarter. Geode Capital Management LLC lifted its holdings 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 acquiring an additional 88,068 shares during the period. Pembroke Management LTD grew its stake in shares of Couchbase by 12.2% during the 4th quarter. Pembroke Management LTD now owns 898,842 shares of the company's stock worth $14,013,000 after purchasing an additional 98,061 shares during the period. Finally, Portolan Capital Management LLC grew its stake in shares of Couchbase by 77.8% during the 3rd quarter. Portolan Capital Management LLC now owns 874,795 shares of the company's stock worth $14,102,000 after purchasing an additional 382,851 shares during the period. Hedge funds and other 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.