Couchbase, Inc. (NASDAQ:BASE) CAO Sells $16,416.00 in Stock

Couchbase, Inc. (NASDAQ:BASE) CAO William Robert Carey sold 912 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $18.00, for a total transaction of $16,416.00. Following the transaction, the chief accounting officer now owns 72,700 shares of the company’s stock, valued at approximately $1,308,600. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Couchbase Price Performance

Shares of NASDAQ BASE opened at $19.53 on Thursday. The company has a market capitalization of $1.00 billion, a P/E ratio of -12.28 and a beta of 0.59. The company has a 50 day simple moving average of $15.92 and a 200-day simple moving average of $18.79. Couchbase, Inc. has a 1 year low of $13.53 and a 1 year high of $32.00.

Couchbase (NASDAQ:BASE) last posted its earnings results on Wednesday, September 4th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $51.60 million during the quarter, compared to analysts’ expectations of $51.11 million. During the same quarter last year, the firm earned ($0.44) earnings per share. The firm’s quarterly revenue was up 19.7% compared to the same quarter last year. As a group, research analysts expect that Couchbase, Inc. will post -1.51 EPS for the current year.

Wall Street Analysts Forecast Growth

BASE has been the subject of a number of research analyst reports. Wedbush initiated coverage on Couchbase in a report on Thursday, October 17th. They set an “outperform” rating and a $26.00 target price for the company. Oppenheimer reduced their price objective on Couchbase from $25.00 to $23.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th. Robert W. Baird lowered their target price on shares of Couchbase from $32.00 to $27.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. UBS Group reduced their target price on shares of Couchbase from $24.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Finally, Morgan Stanley lowered their price target on shares of Couchbase from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Couchbase currently has an average rating of “Moderate Buy” and a consensus price target of $23.13.

Institutional Trading of Couchbase

A number of hedge funds and other institutional investors have recently modified their holdings of BASE. Ashton Thomas Private Wealth LLC acquired a new position in Couchbase in the second quarter valued at about $47,000. Point72 Hong Kong Ltd purchased a new stake in shares of Couchbase in the 2nd quarter valued at approximately $67,000. Harbor Capital Advisors Inc. lifted its holdings in shares of Couchbase by 23.0% in the 2nd 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 last quarter. ProShare Advisors LLC purchased a new position in shares of Couchbase during the 1st quarter worth approximately $230,000. Finally, Arizona State Retirement System increased its holdings in Couchbase by 28.5% in the 2nd quarter. Arizona State Retirement System now owns 11,032 shares of the company’s stock valued at $201,000 after purchasing an additional 2,445 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

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.