Gregory N. Henry Sells 9,820 Shares of Couchbase, Inc. (NASDAQ:BASE) Stock

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

Couchbase Stock Down 1.9 %

Couchbase stock opened at $18.49 on Friday. The firm has a fifty day simple moving average of $16.60 and a two-hundred day simple moving average of $17.07. Couchbase, Inc. has a twelve month low of $13.53 and a twelve month high of $32.00. The company has a market capitalization of $967.95 million, a PE ratio of -11.56 and a beta of 0.81.

Couchbase (NASDAQ:BASE) last released its earnings results on Tuesday, December 3rd. The company reported ($0.35) earnings per share 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 period in the prior year, the business posted ($0.34) earnings per share. As a group, equities analysts expect that Couchbase, Inc. will post -1.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on BASE shares. 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. Morgan Stanley dropped their price objective on Couchbase from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 4th. Wedbush initiated coverage on Couchbase in a research note on Thursday, October 17th. They issued an “outperform” rating and a $26.00 target price on the stock. Guggenheim reiterated a “buy” rating and set a $30.00 price target on shares of Couchbase in a research report on Wednesday, December 4th. Finally, Piper Sandler restated an “overweight” rating and issued a $21.00 price objective on shares of Couchbase in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $23.13.

Institutional Trading of Couchbase

A number of institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company increased its stake in shares of Couchbase by 9.9% in the second quarter. The Manufacturers Life Insurance Company now owns 20,770 shares of the company’s stock worth $379,000 after buying an additional 1,865 shares during the period. Creative Planning grew its holdings in Couchbase by 59.0% in the 3rd quarter. Creative Planning now owns 17,335 shares of the company’s stock worth $279,000 after acquiring an additional 6,433 shares during the last quarter. Horrell Capital Management Inc. grew its holdings in Couchbase by 64.3% in the 3rd quarter. Horrell Capital Management Inc. now owns 230,000 shares of the company’s stock worth $3,708,000 after acquiring an additional 90,000 shares during the last quarter. US Bancorp DE increased its position in shares of Couchbase by 147.8% in the third quarter. US Bancorp DE now owns 19,528 shares of the company’s stock valued at $315,000 after acquiring an additional 11,648 shares during the period. Finally, Harbor Capital Advisors Inc. raised its stake in shares of Couchbase by 15.9% during the third quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company’s stock valued at $112,000 after acquiring an additional 956 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

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.