Matthew M. Cain Sells 10,053 Shares of Couchbase, Inc. (NASDAQ:BASE) Stock

Couchbase, Inc. (NASDAQ:BASE) CEO Matthew M. Cain sold 10,053 shares of Couchbase stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $24.15, for a total value of $242,779.95. Following the completion of the sale, the chief executive officer now directly owns 883,458 shares in the company, valued at approximately $21,335,510.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Couchbase Trading Down 1.3 %

Shares of BASE opened at $23.52 on Friday. Couchbase, Inc. has a 12 month low of $13.97 and a 12 month high of $32.00. The stock’s 50 day moving average is $26.83 and its two-hundred day moving average is $22.48. The firm has a market cap of $1.16 billion, a P/E ratio of -13.84 and a beta of 0.69.

Couchbase (NASDAQ:BASE) last issued its quarterly earnings results on Tuesday, March 5th. The company reported ($0.32) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.03. The firm had revenue of $50.09 million for the quarter, compared to analyst estimates of $46.56 million. Couchbase had a negative return on equity of 54.61% and a negative net margin of 44.54%. Equities research analysts forecast that Couchbase, Inc. will post -1.42 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. NBC Securities Inc. acquired a new position in shares of Couchbase during the 1st quarter worth about $26,000. Metropolitan Life Insurance Co NY purchased a new stake in shares of Couchbase in the 1st quarter valued at about $30,000. Ameritas Investment Partners Inc. lifted its holdings in shares of Couchbase by 145.6% in the 1st quarter. Ameritas Investment Partners Inc. now owns 1,822 shares of the company’s stock valued at $32,000 after purchasing an additional 1,080 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Couchbase in the 3rd quarter valued at about $67,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Couchbase by 65.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,831 shares of the company’s stock valued at $69,000 after purchasing an additional 1,913 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. The Goldman Sachs Group upped their target price on Couchbase from $20.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, March 7th. Barclays boosted their price target on Couchbase from $29.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 6th. Wells Fargo & Company boosted their price target on Couchbase from $26.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 5th. DA Davidson boosted their price target on Couchbase from $27.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, Royal Bank of Canada boosted their price target on Couchbase from $32.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Couchbase has an average rating of “Moderate Buy” and a consensus target price of $32.40.

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.