Insider Selling: Couchbase, Inc. (NASDAQ:BASE) CFO Sells 9,820 Shares of Stock

Couchbase, Inc. (NASDAQ:BASE) CFO Gregory N. Henry sold 9,820 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $17.62, for a total value of $173,028.40. Following the sale, the chief financial officer now owns 304,555 shares in the company, valued at $5,366,259.10. This represents a 3.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Couchbase Price Performance

Shares of NASDAQ:BASE opened at $18.36 on Friday. Couchbase, Inc. has a 1 year low of $13.53 and a 1 year high of $32.00. The business’s 50-day moving average is $16.56 and its 200-day moving average is $17.06. The company 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) last issued its quarterly earnings results on Tuesday, December 3rd. The company reported ($0.35) earnings per share (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 last year, the business earned ($0.34) earnings per share. Analysts anticipate that Couchbase, Inc. will post -1.48 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BASE. Wedbush began coverage on Couchbase in a report on Thursday, October 17th. They set an “outperform” rating and a $26.00 price target on the stock. Needham & Company LLC reissued a “buy” rating and set a $22.00 target price on shares of Couchbase in a report on Wednesday, December 4th. Guggenheim restated a “buy” rating and issued a $30.00 price target on shares of Couchbase in a research report on Wednesday, December 4th. Morgan Stanley cut their price target on shares of Couchbase from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 4th. Finally, Truist Financial initiated coverage on Couchbase in a report on Thursday, December 12th. They issued a “buy” rating and a $21.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $23.13.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BASE. Daiwa Securities Group Inc. increased its stake in Couchbase by 22.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company’s stock valued at $65,000 after purchasing an additional 759 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of Couchbase by 15.9% in the 3rd 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 period. SG Americas Securities LLC grew its stake 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 buying an additional 1,472 shares during the period. Olympiad Research LP bought a new stake in Couchbase in the 4th quarter valued at about $248,000. Finally, Creative Planning raised its stake in Couchbase by 59.0% during the 3rd quarter. Creative Planning now owns 17,335 shares of the company’s stock worth $279,000 after buying an additional 6,433 shares during the period. 96.07% of the stock is owned by 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.