Carol W. Carpenter Sells 900 Shares of Couchbase, Inc. (NASDAQ:BASE) Stock

Couchbase, Inc. (NASDAQ:BASE) Director Carol W. Carpenter sold 900 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $17.30, for a total value of $15,570.00. Following the transaction, the director now owns 20,827 shares of the company’s stock, valued at approximately $360,307.10. The trade was a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Couchbase Price Performance

NASDAQ BASE opened at $18.84 on Thursday. Couchbase, Inc. has a fifty-two week low of $13.53 and a fifty-two week high of $32.00. The stock’s 50-day moving average is $16.64 and its two-hundred day moving average is $17.06. The firm has a market cap of $986.27 million, a P/E ratio of -11.78 and a beta of 0.81.

Couchbase (NASDAQ:BASE) last posted its earnings results on Tuesday, December 3rd. The company reported ($0.35) earnings per share (EPS) 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 quarter last year, the business earned ($0.34) earnings per share. On average, equities analysts expect that Couchbase, Inc. will post -1.48 EPS for the current year.

Hedge Funds Weigh In On Couchbase

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Portolan Capital Management LLC raised its holdings in Couchbase by 77.8% in the 3rd quarter. Portolan Capital Management LLC now owns 874,795 shares of the company’s stock valued at $14,102,000 after acquiring an additional 382,851 shares in the last quarter. Wasatch Advisors LP boosted its stake in Couchbase by 56.4% during the third quarter. Wasatch Advisors LP now owns 990,331 shares of the company’s stock worth $15,964,000 after buying an additional 357,169 shares in the last quarter. Franklin Resources Inc. boosted its stake in Couchbase by 27.3% during the third quarter. Franklin Resources Inc. now owns 1,647,334 shares of the company’s stock worth $27,379,000 after buying an additional 353,233 shares in the last quarter. 272 Capital LP bought a new stake in Couchbase in the 3rd quarter valued at $3,720,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Couchbase by 169.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 192,216 shares of the company’s stock valued at $3,099,000 after buying an additional 120,975 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

BASE has been the topic of several recent research reports. Stifel Nicolaus lifted their price objective on shares of Couchbase from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Royal Bank of Canada reiterated an “outperform” rating and set a $25.00 price objective on shares of Couchbase in a research report on Wednesday, December 4th. DA Davidson restated a “buy” rating and issued a $25.00 target price on shares of Couchbase in a research report on Wednesday, December 4th. Morgan Stanley cut their target price on Couchbase from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 4th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $22.00 price target on shares of Couchbase in a research note on Wednesday, December 4th. One 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $23.13.

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.