Margaret Chow Sells 15,000 Shares of Couchbase, Inc. (NASDAQ:BASE) Stock

Couchbase, Inc. (NASDAQ:BASE) SVP Margaret Chow sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $18.31, for a total value of $274,650.00. Following the transaction, the senior vice president now directly owns 133,067 shares of the company’s stock, valued at approximately $2,436,456.77. The trade was a 10.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Couchbase Trading Down 1.9 %

NASDAQ BASE opened at $18.49 on Friday. The stock has a fifty day simple moving average of $16.60 and a 200-day simple moving average of $17.07. The stock has a market cap of $967.95 million, a PE ratio of -11.56 and a beta of 0.81. Couchbase, Inc. has a twelve month low of $13.53 and a twelve month high of $32.00.

Couchbase (NASDAQ:BASE) last announced its earnings results on Tuesday, December 3rd. The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.27). Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. During the same quarter in the previous year, the business posted ($0.34) EPS. Research analysts predict that Couchbase, Inc. will post -1.48 EPS for the current year.

Wall Street Analyst Weigh In

BASE has been the subject of a number of research analyst reports. Robert W. Baird reduced their price objective on shares of Couchbase from $27.00 to $25.00 and set an “outperform” rating for the company in a research report on Wednesday, December 4th. Morgan Stanley reduced their price target on shares of Couchbase from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 4th. Royal Bank of Canada reiterated an “outperform” rating and issued a $25.00 price objective on shares of Couchbase in a report on Wednesday, December 4th. Truist Financial began coverage on Couchbase in a report on Thursday, December 12th. They set a “buy” rating and a $21.00 target price for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $22.00 price target on shares of Couchbase in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $23.13.

Institutional Trading of Couchbase

Several institutional investors have recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. lifted its stake in Couchbase by 15.9% during the third quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company’s stock worth $112,000 after purchasing an additional 956 shares in the last quarter. SG Americas Securities LLC lifted its stake in Couchbase by 12.2% during the 4th quarter. SG Americas Securities LLC now owns 13,546 shares of the company’s stock worth $211,000 after acquiring an additional 1,472 shares in the last quarter. Olympiad Research LP purchased a new position in Couchbase during the 4th quarter valued at about $248,000. Creative Planning grew its position in Couchbase by 59.0% in the 3rd quarter. Creative Planning now owns 17,335 shares of the company’s stock valued at $279,000 after acquiring an additional 6,433 shares in the last quarter. Finally, US Bancorp DE increased its stake in Couchbase by 147.8% during the third quarter. US Bancorp DE now owns 19,528 shares of the company’s stock worth $315,000 after purchasing an additional 11,648 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

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.