Gregory N. Henry Sells 1,100 Shares of Couchbase, Inc. (NASDAQ:BASE) Stock

Couchbase, Inc. (NASDAQ:BASE) CFO Gregory N. Henry sold 1,100 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $15.00, for a total transaction of $16,500.00. Following the sale, the chief financial officer now owns 368,123 shares of the company’s stock, valued at $5,521,845. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Couchbase Price Performance

Shares of BASE opened at $15.05 on Wednesday. Couchbase, Inc. has a one year low of $13.53 and a one year high of $32.00. The company has a market cap of $757.17 million, a P/E ratio of -9.18 and a beta of 0.61. The firm has a 50 day simple moving average of $17.05 and a two-hundred 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 the consensus estimate of ($0.09) by $0.03. Couchbase had a negative net margin of 39.51% and a negative return on equity of 54.84%. The business had revenue of $51.60 million during the quarter, compared to the consensus estimate of $51.11 million. During the same period in the previous year, the business earned ($0.44) earnings per share. The company’s revenue was up 19.7% on a year-over-year basis. On average, analysts expect that Couchbase, Inc. will post -1.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BASE has been the subject of several research reports. Royal Bank of Canada restated an “outperform” rating and set a $25.00 price objective on shares of Couchbase in a research report on Thursday, September 5th. The Goldman Sachs Group downgraded shares of Couchbase from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $30.00 to $18.00 in a research report on Thursday, June 6th. Piper Sandler cut their price objective on shares of Couchbase from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. Piper Sandler Companies initiated coverage on shares of Couchbase in a research report on Friday, August 16th. They set an “overweight” rating and a $22.00 price objective for the company. Finally, UBS Group cut their price objective 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.93.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. NBC Securities Inc. acquired a new position in Couchbase during the first quarter valued at approximately $26,000. Ashton Thomas Private Wealth LLC acquired a new position in Couchbase during the second quarter valued at approximately $47,000. Point72 Hong Kong Ltd bought a new stake in shares of Couchbase during the second quarter worth $67,000. Harbor Capital Advisors Inc. grew its stake in shares of Couchbase by 23.0% during the second quarter. Harbor Capital Advisors Inc. now owns 6,012 shares of the company’s stock worth $110,000 after buying an additional 1,125 shares during the last quarter. Finally, StepStone Group LP bought a new stake in shares of Couchbase during the fourth quarter worth $133,000. 96.07% of the stock is currently 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.