Carol W. Carpenter Sells 900 Shares of Couchbase, Inc. (NASDAQ:BASE) Stock

Couchbase, Inc. (NASDAQ:BASE) Director Carol W. Carpenter sold 900 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $16.18, for a total transaction of $14,562.00. Following the completion of the sale, the director now owns 23,527 shares of the company’s stock, valued at approximately $380,666.86. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Couchbase Stock Up 5.0 %

Shares of BASE stock traded up $0.79 during trading on Tuesday, hitting $16.72. The company had a trading volume of 393,673 shares, compared to its average volume of 488,689. The stock’s 50-day moving average is $16.01 and its two-hundred day moving average is $19.03. The stock has a market capitalization of $858.07 million, a price-to-earnings ratio of -10.52 and a beta of 0.59. Couchbase, Inc. has a 52 week low of $13.53 and a 52 week high of $32.00.

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

Institutional Investors Weigh In On Couchbase

Hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC raised its position in Couchbase by 346.2% in the 1st quarter. Acadian Asset Management LLC now owns 263,439 shares of the company’s stock worth $6,928,000 after purchasing an additional 204,396 shares during the period. Lord Abbett & CO. LLC bought a new stake in shares of Couchbase in the 1st quarter valued at about $9,059,000. Vanguard Group Inc. boosted its holdings in Couchbase by 6.0% during the 1st quarter. Vanguard Group Inc. now owns 4,029,423 shares of the company’s stock valued at $106,014,000 after acquiring an additional 227,828 shares during the period. Sei Investments Co. increased its stake in Couchbase by 918.4% in the 1st quarter. Sei Investments Co. now owns 119,717 shares of the company’s stock worth $3,150,000 after purchasing an additional 107,962 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its stake in Couchbase by 21.6% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 190,103 shares of the company’s stock worth $5,002,000 after purchasing an additional 33,754 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on BASE. DA Davidson decreased their price objective on shares of Couchbase from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Robert W. Baird decreased their price target on Couchbase from $32.00 to $27.00 and set an “outperform” rating for the company in a research report on Thursday, September 5th. Morgan Stanley cut their price target on shares of Couchbase from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. Stifel Nicolaus decreased their target price on Couchbase from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $25.00 target price on shares of Couchbase in a research report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Couchbase currently has a consensus 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.