Couchbase, Inc. (NASDAQ:BASE) SVP Sells $101,511.52 in Stock

Couchbase, Inc. (NASDAQ:BASE) SVP Huw Owen sold 6,736 shares of Couchbase stock in a transaction on Friday, September 27th. The stock was sold at an average price of $15.07, for a total value of $101,511.52. Following the transaction, the senior vice president now directly owns 373,647 shares of the company’s stock, valued at $5,630,860.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Couchbase Stock Down 6.6 %

Shares of NASDAQ:BASE opened at $15.05 on Wednesday. The company has a market cap of $757.17 million, a P/E ratio of -9.18 and a beta of 0.61. Couchbase, Inc. has a 52 week low of $13.53 and a 52 week high of $32.00. The business has a fifty day simple moving average of $17.05 and a 200-day simple moving average of $20.68.

Couchbase (NASDAQ:BASE) last announced its quarterly earnings data on Wednesday, September 4th. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. Couchbase had a negative return on equity of 54.84% and a negative net margin of 39.51%. The business had revenue of $51.60 million during the quarter, compared to the consensus estimate of $51.11 million. During the same quarter in the previous year, the business earned ($0.44) earnings per share. The business’s revenue for the quarter was up 19.7% on a year-over-year basis. Sell-side analysts expect that Couchbase, Inc. will post -1.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Couchbase

A number of institutional investors have recently added to or reduced their stakes in BASE. NBC Securities Inc. purchased a new stake in Couchbase during the first quarter valued at about $26,000. Ashton Thomas Private Wealth LLC purchased a new stake in Couchbase during the second quarter valued at about $47,000. Point72 Hong Kong Ltd purchased a new stake in Couchbase during the second quarter valued at about $67,000. Harbor Capital Advisors Inc. grew its position in Couchbase by 23.0% during the second quarter. Harbor Capital Advisors Inc. now owns 6,012 shares of the company’s stock valued at $110,000 after acquiring an additional 1,125 shares during the period. Finally, StepStone Group LP purchased a new stake in Couchbase during the fourth quarter valued at about $133,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on BASE. Oppenheimer reduced their price objective on Couchbase from $25.00 to $23.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. Piper Sandler Companies started coverage on Couchbase in a report on Friday, August 16th. They issued an “overweight” rating and a $22.00 price target for the company. UBS Group cut their price target on Couchbase from $24.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Stifel Nicolaus cut their price target on Couchbase from $25.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Finally, The Goldman Sachs Group cut Couchbase from a “neutral” rating to a “sell” rating and cut their price target for the stock from $30.00 to $18.00 in a report on Thursday, June 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.93.

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.