Couchbase, Inc. (NASDAQ:BASE) SVP Margaret Chow Sells 2,290 Shares

Couchbase, Inc. (NASDAQ:BASE) SVP Margaret Chow sold 2,290 shares of Couchbase stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $20.00, for a total value of $45,800.00. Following the sale, the senior vice president now directly owns 192,458 shares in the company, valued at approximately $3,849,160. The sale was disclosed in a document filed with the SEC, which is available at this link.

Margaret Chow also recently made the following trade(s):

• On Friday, May 17th, Margaret Chow sold 3,934 shares of Couchbase stock. The stock was sold at an average price of $27.53, for a total value of $108,303.02.
• On Monday, May 20th, Margaret Chow sold 1,066 shares of Couchbase stock. The shares were sold at an average price of $27.50, for a total transaction of $29,315.00.

Couchbase Price Performance

Shares of NASDAQ:BASE traded down $0.04 during midday trading on Monday, hitting $19.80. The stock had a trading volume of 244,978 shares, compared to its average volume of 508,649. The business’s 50-day simple moving average is $19.84 and its 200-day simple moving average is $23.87. Couchbase, Inc. has a 12 month low of $14.12 and a 12 month high of $32.00.

Couchbase (NASDAQ:BASE) last announced its quarterly earnings results on Wednesday, June 5th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.03). Couchbase had a negative return on equity of 54.49% and a negative net margin of 41.66%. The business had revenue of $51.33 million for the quarter, compared to analyst estimates of $48.52 million. On average, research analysts expect that Couchbase, Inc. will post -1.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BASE has been the topic of several recent research reports. Robert W. Baird decreased their target price on shares of Couchbase from $35.00 to $32.00 and set an “outperform” rating on the stock in a research report on Thursday, June 6th. The Goldman Sachs Group lowered Couchbase from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $30.00 to $18.00 in a research note on Thursday, June 6th. Needham & Company LLC assumed coverage on Couchbase in a research report on Wednesday, June 26th. They set a “buy” rating and a $22.00 target price for the company. Royal Bank of Canada lowered their price target on Couchbase from $35.00 to $31.00 and set an “outperform” rating on the stock in a research report on Thursday, June 6th. Finally, UBS Group assumed coverage on Couchbase in a report on Wednesday, May 22nd. They set a “neutral” rating and a $31.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $28.58.

Institutional Trading of Couchbase

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Couchbase by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 3,359,891 shares of the company’s stock valued at $57,656,000 after buying an additional 97,718 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Couchbase in the 4th quarter valued at $210,000. State of Michigan Retirement System acquired a new position in Couchbase during the fourth quarter worth about $299,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Couchbase by 21.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,698 shares of the company’s stock worth $151,000 after buying an additional 1,203 shares in the last quarter. Finally, Daiwa Securities Group Inc. acquired a new position in shares of Couchbase during the fourth quarter worth $92,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

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.