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

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

Couchbase Trading Down 1.8 %

Shares of NASDAQ:BASE opened at $19.18 on Friday. Couchbase, Inc. has a 12-month low of $13.53 and a 12-month high of $32.00. The stock has a fifty day simple moving average of $15.98 and a two-hundred day simple moving average of $18.79.

Couchbase (NASDAQ:BASE) last released its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $51.11 million. During the same period in the prior year, the firm posted ($0.44) EPS. The firm’s quarterly revenue was up 19.7% on a year-over-year basis. Research analysts predict that Couchbase, Inc. will post -1.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BASE. Ashton Thomas Private Wealth LLC purchased a new stake in Couchbase during the 2nd quarter valued at $47,000. Point72 Hong Kong Ltd purchased a new stake in Couchbase during the second quarter valued at $67,000. Harbor Capital Advisors Inc. lifted its holdings in Couchbase by 23.0% in the second quarter. Harbor Capital Advisors Inc. now owns 6,012 shares of the company’s stock valued at $110,000 after acquiring an additional 1,125 shares during the period. Arizona State Retirement System boosted its position in Couchbase by 28.5% in the second quarter. Arizona State Retirement System now owns 11,032 shares of the company’s stock worth $201,000 after purchasing an additional 2,445 shares during the last quarter. Finally, ProShare Advisors LLC purchased a new stake in shares of Couchbase during the 1st quarter valued at about $230,000. Institutional investors own 96.07% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on BASE. Piper Sandler Companies initiated coverage on shares of Couchbase in a research report on Friday, August 16th. They issued an “overweight” rating and a $22.00 price target for the company. Piper Sandler lowered their price objective on shares of Couchbase from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. Barclays upgraded Couchbase from an “equal weight” rating to an “overweight” rating and set a $19.00 price objective on the stock in a research note on Monday, October 7th. UBS Group cut their price target on Couchbase from $24.00 to $19.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Finally, Morgan Stanley lowered their price objective on Couchbase from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Couchbase presently has a consensus rating of “Moderate Buy” and an average target price 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.