Couchbase, Inc. (NASDAQ:BASE) SVP Margaret Chow Sells 2,290 Shares

Couchbase, Inc. (NASDAQ:BASE) SVP Margaret Chow sold 2,290 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $20.00, for a total transaction of $45,800.00. Following the completion of the sale, the senior vice president now directly owns 192,458 shares in the company, valued at approximately $3,849,160. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Margaret Chow also recently made the following trade(s):

• On Friday, May 17th, Margaret Chow sold 3,934 shares of Couchbase stock. The shares were sold at an average price of $27.53, for a total transaction of $108,303.02.
• On Monday, May 20th, Margaret Chow sold 1,066 shares of Couchbase stock. The stock was sold at an average price of $27.50, for a total transaction of $29,315.00.

Couchbase Stock Down 0.2 %

BASE stock traded down $0.04 on Monday, hitting $19.80. The company’s stock had a trading volume of 244,978 shares, compared to its average volume of 508,649. The firm has a 50 day moving average of $19.84 and a two-hundred day moving average of $23.87. Couchbase, Inc. has a 1 year low of $14.12 and a 1 year high of $32.00.

Couchbase (NASDAQ:BASE) last announced its earnings results on Wednesday, June 5th. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.03). Couchbase had a negative net margin of 41.66% and a negative return on equity of 54.49%. The business had revenue of $51.33 million during the quarter, compared to analysts’ expectations of $48.52 million. Sell-side analysts expect that Couchbase, Inc. will post -1.45 earnings per share for the current year.

Institutional Trading of Couchbase

Several institutional investors and hedge funds have recently added to or reduced their stakes in BASE. NBC Securities Inc. acquired a new position in shares of Couchbase in the first quarter valued at approximately $26,000. AJOVista LLC acquired a new position in Couchbase in the 4th quarter valued at $74,000. Daiwa Securities Group Inc. purchased a new position in Couchbase during the 4th quarter worth $92,000. StepStone Group LP acquired a new stake in shares of Couchbase in the 4th quarter worth $133,000. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of 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 in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Barclays dropped their target price on Couchbase from $33.00 to $27.00 and set an “equal weight” rating on the stock in a report on Thursday, June 6th. Oppenheimer cut their target price on Couchbase from $36.00 to $30.00 and set an “outperform” rating on the stock in a research report on Thursday, June 6th. Morgan Stanley lowered their price target on Couchbase from $30.00 to $29.00 and set an “equal weight” rating for the company in a report on Thursday, June 6th. Wells Fargo & Company dropped their price target on shares of Couchbase from $37.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday, June 6th. Finally, Royal Bank of Canada reduced their price objective on shares of Couchbase from $35.00 to $31.00 and set an “outperform” rating for the company in a research report on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $28.58.

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.