Couchbase, Inc. (NASDAQ:BASE) CAO William Robert Carey Sells 912 Shares

Couchbase, Inc. (NASDAQ:BASE) CAO William Robert Carey sold 912 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $18.00, for a total transaction of $16,416.00. Following the completion of the transaction, the chief accounting officer now owns 72,700 shares of the company’s stock, valued at $1,308,600. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Couchbase Trading Up 5.5 %

BASE stock opened at $19.57 on Wednesday. Couchbase, Inc. has a one year low of $13.53 and a one year high of $32.00. The firm has a market capitalization of $1.00 billion, a PE ratio of -12.31 and a beta of 0.59. The firm has a 50-day moving average of $15.91 and a two-hundred day moving average of $18.78.

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

Institutional Trading of Couchbase

Hedge funds have recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Couchbase in the second quarter worth approximately $47,000. Point72 Hong Kong Ltd acquired a new position in Couchbase in the second quarter worth approximately $67,000. Harbor Capital Advisors Inc. increased 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 worth $110,000 after buying an additional 1,125 shares during the last quarter. Arizona State Retirement System increased its holdings 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 buying an additional 2,445 shares during the last quarter. Finally, ProShare Advisors LLC acquired a new position in Couchbase in the first quarter worth approximately $230,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BASE has been the subject of a number of recent analyst reports. UBS Group decreased their target price on shares of Couchbase from $24.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Needham & Company LLC reissued a “buy” rating and issued a $22.00 price target on shares of Couchbase in a report on Thursday, September 5th. Robert W. Baird cut their price target on shares of Couchbase from $32.00 to $27.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. Royal Bank of Canada reissued an “outperform” rating and issued a $25.00 price target on shares of Couchbase in a report on Thursday, September 5th. Finally, DA Davidson cut their price target on shares of Couchbase from $30.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, September 5th. One investment 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.13.

Couchbase Company Profile

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.