Insider Selling: Couchbase, Inc. (NASDAQ:BASE) SVP Sells 15,000 Shares of Stock

Couchbase, Inc. (NASDAQ:BASE) SVP Margaret Chow sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $18.31, for a total transaction of $274,650.00. Following the completion of the transaction, the senior vice president now owns 133,067 shares in the company, valued at $2,436,456.77. The trade was a 10.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Couchbase Trading Up 2.7 %

Couchbase stock traded up $0.49 during midday trading on Wednesday, hitting $18.84. The stock had a trading volume of 488,230 shares, compared to its average volume of 444,706. The stock has a market cap of $986.27 million, a P/E ratio of -11.78 and a beta of 0.81. Couchbase, Inc. has a 12 month low of $13.53 and a 12 month high of $32.00. The business has a fifty day moving average price of $16.67 and a 200 day moving average price of $17.04.

Couchbase (NASDAQ:BASE) last posted its earnings results on Tuesday, December 3rd. The company reported ($0.35) EPS for the quarter, missing the consensus estimate 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 period in the prior year, the business earned ($0.34) EPS. On average, equities analysts anticipate that Couchbase, Inc. will post -1.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BASE has been the topic of a number of research reports. Morgan Stanley cut their target price on shares of Couchbase from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 4th. DA Davidson reissued a “buy” rating and issued a $25.00 price objective on shares of Couchbase in a research report on Wednesday, December 4th. Wedbush assumed coverage on Couchbase in a research report on Thursday, October 17th. They issued an “outperform” rating and a $26.00 target price for the company. Robert W. Baird dropped their target price on Couchbase from $27.00 to $25.00 and set an “outperform” rating on the stock in a report on Wednesday, December 4th. Finally, Piper Sandler restated an “overweight” rating and issued a $21.00 price target on shares of Couchbase in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.13.

Institutional Investors Weigh In On Couchbase

A number of hedge funds have recently added to or reduced their stakes in BASE. Portolan Capital Management LLC increased its holdings in shares of Couchbase by 77.8% during the third quarter. Portolan Capital Management LLC now owns 874,795 shares of the company’s stock valued at $14,102,000 after purchasing an additional 382,851 shares during the period. Wasatch Advisors LP boosted its position in shares of Couchbase by 56.4% in the 3rd quarter. Wasatch Advisors LP now owns 990,331 shares of the company’s stock valued at $15,964,000 after purchasing an additional 357,169 shares during the period. Franklin Resources Inc. increased its position in shares of Couchbase by 27.3% in the third quarter. Franklin Resources Inc. now owns 1,647,334 shares of the company’s stock worth $27,379,000 after acquiring an additional 353,233 shares in the last quarter. 272 Capital LP acquired a new stake in Couchbase during the 3rd quarter valued at $3,720,000. Finally, JPMorgan Chase & Co. lifted its stake in Couchbase by 169.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 192,216 shares of the company’s stock worth $3,099,000 after acquiring an additional 120,975 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

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.