Couchbase, Inc. (NASDAQ:BASE) CFO William Robert Carey Sells 2,300 Shares

Couchbase, Inc. (NASDAQ:BASE) CFO William Robert Carey sold 2,300 shares of the business’s stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $19.50, for a total value of $44,850.00. Following the completion of the sale, the chief financial officer now owns 94,780 shares of the company’s stock, valued at $1,848,210. This trade represents a 2.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Couchbase Stock Down 1.2%

Shares of NASDAQ:BASE opened at $19.22 on Friday. The business has a fifty day moving average of $16.95 and a two-hundred day moving average of $16.86. The stock has a market cap of $1.04 billion, a P/E ratio of -12.01 and a beta of 0.82. Couchbase, Inc. has a 52-week low of $12.78 and a 52-week high of $21.54.

Couchbase (NASDAQ:BASE) last issued its earnings results on Tuesday, June 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.02. The company had revenue of $56.52 million during the quarter, compared to analysts’ expectations of $55.59 million. Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the business earned ($0.10) EPS. On average, equities analysts anticipate that Couchbase, Inc. will post -1.48 earnings per share for the current year.

Institutional Trading of Couchbase

Several large investors have recently added to or reduced their stakes in BASE. SG Americas Securities LLC grew its holdings in Couchbase by 12.2% in the 4th quarter. SG Americas Securities LLC now owns 13,546 shares of the company’s stock valued at $211,000 after buying an additional 1,472 shares in the last quarter. Rhumbline Advisers grew its holdings in Couchbase by 26.2% in the 4th quarter. Rhumbline Advisers now owns 64,229 shares of the company’s stock valued at $1,001,000 after buying an additional 13,345 shares in the last quarter. Pembroke Management LTD lifted its stake in shares of Couchbase by 12.2% in the 4th quarter. Pembroke Management LTD now owns 898,842 shares of the company’s stock valued at $14,013,000 after purchasing an additional 98,061 shares during the last quarter. Maytree Asset Management Ltd acquired a new position in shares of Couchbase in the 4th quarter valued at $376,000. Finally, Olympiad Research LP acquired a new position in shares of Couchbase in the 4th quarter valued at $248,000. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BASE has been the subject of a number of recent analyst reports. Wells Fargo & Company cut their price objective on Couchbase from $23.00 to $20.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. The Goldman Sachs Group cut their price objective on Couchbase from $18.00 to $16.00 and set a “sell” rating for the company in a research report on Thursday, February 27th. Piper Sandler boosted their price objective on Couchbase from $16.00 to $20.00 and gave the company an “overweight” rating in a research report on Wednesday. Morgan Stanley boosted their price objective on Couchbase from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, UBS Group boosted their price objective on Couchbase from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.65.

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.