Insider Selling: Couchbase, Inc. (NASDAQ:BASE) Director Sells 900 Shares of Stock

Couchbase, Inc. (NASDAQ:BASE) Director Carol W. Carpenter sold 900 shares of Couchbase stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $17.30, for a total value of $15,570.00. Following the sale, the director now owns 20,827 shares in the company, valued at $360,307.10. The trade was a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Couchbase Stock Performance

Shares of NASDAQ:BASE traded up $0.49 during midday trading on Wednesday, reaching $18.84. 488,232 shares of the company’s stock traded hands, compared to its average volume of 444,714. Couchbase, Inc. has a one year low of $13.53 and a one year high of $32.00. The stock has a 50 day moving average of $16.67 and a 200 day moving average of $17.04. The company has a market cap of $986.27 million, a price-to-earnings ratio of -11.78 and a beta of 0.81.

Couchbase (NASDAQ:BASE) last posted its quarterly earnings data 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 return on equity of 57.22% and a negative net margin of 39.31%. During the same period in the prior year, the company posted ($0.34) earnings per share. Sell-side analysts predict that Couchbase, Inc. will post -1.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Guggenheim reissued a “buy” rating and issued a $30.00 price objective on shares of Couchbase in a report on Wednesday, December 4th. Robert W. Baird cut their price objective on Couchbase from $27.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday, December 4th. Stifel Nicolaus boosted their target price on Couchbase from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Truist Financial started coverage on Couchbase in a research report on Thursday, December 12th. They issued a “buy” rating and a $21.00 target price for the company. Finally, Wedbush started coverage on Couchbase in a research report on Thursday, October 17th. They issued an “outperform” rating and a $26.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $23.13.

Institutional Trading of Couchbase

Several institutional investors have recently made changes to their positions in BASE. The Manufacturers Life Insurance Company increased its position in shares of Couchbase by 9.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,770 shares of the company’s stock valued at $379,000 after purchasing an additional 1,865 shares during the last quarter. Creative Planning increased its holdings in Couchbase by 59.0% during the 3rd quarter. Creative Planning now owns 17,335 shares of the company’s stock worth $279,000 after purchasing an additional 6,433 shares during the period. Horrell Capital Management Inc. boosted its position in Couchbase by 64.3% during the 3rd quarter. Horrell Capital Management Inc. now owns 230,000 shares of the company’s stock valued at $3,708,000 after acquiring an additional 90,000 shares in the last quarter. US Bancorp DE boosted its position in Couchbase by 147.8% during the 3rd quarter. US Bancorp DE now owns 19,528 shares of the company’s stock valued at $315,000 after acquiring an additional 11,648 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in Couchbase by 15.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company’s stock valued at $112,000 after acquiring an additional 956 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

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.