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

Couchbase, Inc. (NASDAQ:BASE) Director Carol W. Carpenter sold 900 shares of the business’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 sale, the director now owns 20,827 shares in the company, valued at approximately $360,307.10. The trade was a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Couchbase Stock Performance

BASE stock opened at $18.84 on Thursday. The stock has a 50-day simple moving average of $16.64 and a 200-day simple moving average of $17.06. The firm has a market cap of $986.27 million, a P/E ratio of -11.78 and a beta of 0.81. Couchbase, Inc. has a 1 year low of $13.53 and a 1 year high of $32.00.

Couchbase (NASDAQ:BASE) last posted its quarterly earnings data on Tuesday, December 3rd. The company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the business posted ($0.34) EPS. On average, equities research analysts predict that Couchbase, Inc. will post -1.48 EPS for the current year.

Wall Street Analysts Forecast Growth

BASE has been the subject of several research reports. Robert W. Baird cut their price objective on Couchbase from $27.00 to $25.00 and set an “outperform” rating for the company in a research report on Wednesday, December 4th. Royal Bank of Canada reissued an “outperform” rating and issued a $25.00 price target on shares of Couchbase in a report on Wednesday, December 4th. Barclays increased their price objective on Couchbase from $19.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. 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 target price for the company. Finally, Morgan Stanley decreased their price target on shares of Couchbase from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $23.13.

Institutional Investors Weigh In On Couchbase

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Harbor Capital Advisors Inc. increased its holdings in Couchbase by 15.9% in the third quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company’s stock valued at $112,000 after buying an additional 956 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Couchbase by 12.2% in the 4th quarter. SG Americas Securities LLC now owns 13,546 shares of the company’s stock valued at $211,000 after acquiring an additional 1,472 shares during the last quarter. Olympiad Research LP bought a new stake in shares of Couchbase in the 4th quarter valued at approximately $248,000. Creative Planning raised its position in shares of Couchbase by 59.0% during the 3rd quarter. Creative Planning now owns 17,335 shares of the company’s stock valued at $279,000 after acquiring an additional 6,433 shares in the last quarter. Finally, US Bancorp DE lifted its stake in Couchbase by 147.8% during the third quarter. US Bancorp DE now owns 19,528 shares of the company’s stock worth $315,000 after purchasing an additional 11,648 shares during 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.