Couchbase, Inc. (NASDAQ:BASE) CAO Sells $16,416.00 in Stock

Couchbase, Inc. (NASDAQ:BASE) CAO William Robert Carey sold 912 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $18.00, for a total value of $16,416.00. Following the sale, the chief accounting officer now directly owns 72,700 shares of the company’s stock, valued at $1,308,600. This represents a 1.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Couchbase Stock Performance

Shares of BASE opened at $19.18 on Friday. Couchbase, Inc. has a 52-week low of $13.53 and a 52-week high of $32.00. The business has a fifty day moving average of $15.98 and a 200 day moving average of $18.79.

Couchbase (NASDAQ:BASE) last announced its earnings results on Wednesday, September 4th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.03. Couchbase had a negative return on equity of 54.84% and a negative net margin of 39.51%. The business had revenue of $51.60 million during the quarter, compared to analyst estimates of $51.11 million. During the same quarter in the previous year, the business earned ($0.44) earnings per share. The company’s revenue for the quarter was up 19.7% compared to the same quarter last year. As a group, equities research analysts forecast that Couchbase, Inc. will post -1.51 EPS for the current fiscal year.

Institutional Trading of Couchbase

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quantbot Technologies LP lifted its holdings in Couchbase by 52.3% during the 1st quarter. Quantbot Technologies LP now owns 19,028 shares of the company’s stock valued at $501,000 after buying an additional 6,534 shares in the last quarter. Swiss National Bank increased its stake in shares of Couchbase by 2.3% during the first quarter. Swiss National Bank now owns 61,700 shares of the company’s stock valued at $1,623,000 after buying an additional 1,400 shares during the period. Sei Investments Co. raised its holdings in shares of Couchbase by 918.4% in the 1st quarter. Sei Investments Co. now owns 119,717 shares of the company’s stock valued at $3,150,000 after purchasing an additional 107,962 shares in the last quarter. ProShare Advisors LLC bought a new position in Couchbase in the first quarter worth approximately $230,000. Finally, State Board of Administration of Florida Retirement System lifted its stake in shares of Couchbase by 57.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 15,730 shares of the company’s stock worth $414,000 after purchasing an additional 5,740 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

BASE has been the subject of several analyst reports. Piper Sandler Companies began coverage on shares of Couchbase in a report on Friday, August 16th. They issued an “overweight” rating and a $22.00 target price for the company. Needham & Company LLC restated a “buy” rating and set a $22.00 price objective on shares of Couchbase in a research report on Thursday, September 5th. UBS Group dropped their target price on shares of Couchbase from $24.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Oppenheimer decreased their price target on Couchbase from $25.00 to $23.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. Finally, Stifel Nicolaus dropped their price objective on Couchbase from $25.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Couchbase currently has an average rating of “Moderate Buy” and a consensus price target of $23.13.

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.