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

Couchbase, Inc. (NASDAQ:BASE) Director Carol W. Carpenter sold 900 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $16.00, for a total transaction of $14,400.00. Following the transaction, the director now directly owns 24,427 shares in the company, valued at $390,832. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Couchbase Trading Up 1.9 %

NASDAQ:BASE opened at $14.65 on Friday. The firm has a fifty day simple moving average of $16.85 and a 200-day simple moving average of $20.60. Couchbase, Inc. has a 12 month low of $13.53 and a 12 month high of $32.00. The company has a market capitalization of $737.04 million, a P/E ratio of -8.93 and a beta of 0.59.

Couchbase (NASDAQ:BASE) last announced its quarterly earnings results on Wednesday, September 4th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.03. The company had revenue of $51.60 million for the quarter, compared to the consensus estimate of $51.11 million. Couchbase had a negative return on equity of 54.84% and a negative net margin of 39.51%. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period last year, the firm earned ($0.44) EPS. Equities analysts forecast that Couchbase, Inc. will post -1.5 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. NBC Securities Inc. acquired a new stake in shares of Couchbase during the 1st quarter worth approximately $26,000. Ashton Thomas Private Wealth LLC acquired a new stake in Couchbase during the second quarter valued at $47,000. Point72 Hong Kong Ltd acquired a new position in shares of Couchbase in the second quarter worth about $67,000. Harbor Capital Advisors Inc. raised its position in shares of Couchbase by 23.0% in the second quarter. Harbor Capital Advisors Inc. now owns 6,012 shares of the company’s stock worth $110,000 after acquiring an additional 1,125 shares during the period. Finally, StepStone Group LP purchased a new stake in shares of Couchbase during the 4th quarter worth about $133,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Guggenheim reissued a “buy” rating and set a $30.00 price objective on shares of Couchbase in a report on Tuesday, June 25th. Needham & Company LLC reissued a “buy” rating and issued a $22.00 price target on shares of Couchbase in a research report on Thursday, September 5th. DA Davidson cut their target price on Couchbase from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Piper Sandler Companies began coverage on shares of Couchbase in a research report on Friday, August 16th. They set an “overweight” rating and a $22.00 price target for the company. Finally, Piper Sandler cut their price objective on shares of Couchbase from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Couchbase currently has an average rating of “Moderate Buy” and a consensus price target of $22.93.

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.