Couchbase, Inc. (NASDAQ:BASE) CFO Sells $173,028.40 in Stock

Couchbase, Inc. (NASDAQ:BASE) CFO Gregory N. Henry sold 9,820 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $17.62, for a total transaction of $173,028.40. Following the completion of the sale, the chief financial officer now owns 304,555 shares in the company, valued at $5,366,259.10. This represents a 3.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Couchbase Trading Up 2.7 %

NASDAQ BASE traded up $0.49 on Wednesday, hitting $18.84. 488,230 shares of the company’s stock traded hands, compared to its average volume of 444,706. The firm’s 50-day moving average price is $16.67 and its two-hundred day moving average price is $17.04. The firm has a market capitalization of $986.27 million, a PE ratio of -11.78 and a beta of 0.81. Couchbase, Inc. has a 1-year low of $13.53 and a 1-year high of $32.00.

Couchbase (NASDAQ:BASE) last released its quarterly earnings results on Tuesday, December 3rd. The company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.27). Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. During the same quarter last year, the firm posted ($0.34) earnings per share. On average, research analysts anticipate that Couchbase, Inc. will post -1.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Couchbase

Several hedge funds and other institutional investors have recently made changes to their positions in BASE. Franklin Resources Inc. boosted its position in shares of Couchbase by 27.3% during the 3rd quarter. Franklin Resources Inc. now owns 1,647,334 shares of the company’s stock worth $27,379,000 after purchasing an additional 353,233 shares during the period. Wasatch Advisors LP grew its holdings in Couchbase by 56.4% during the 3rd quarter. Wasatch Advisors LP now owns 990,331 shares of the company’s stock worth $15,964,000 after acquiring an additional 357,169 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Couchbase by 10.3% in the 3rd quarter. Geode Capital Management LLC now owns 944,447 shares of the company’s stock valued at $15,228,000 after purchasing an additional 88,068 shares in the last quarter. Pembroke Management LTD lifted its holdings in Couchbase by 12.2% during the 4th quarter. Pembroke Management LTD now owns 898,842 shares of the company’s stock worth $14,013,000 after buying an additional 98,061 shares during the last quarter. Finally, Portolan Capital Management LLC increased its stake in Couchbase by 77.8% in the third quarter. Portolan Capital Management LLC now owns 874,795 shares of the company’s stock valued at $14,102,000 after purchasing an additional 382,851 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Ratings Changes

BASE has been the subject of several analyst reports. Morgan Stanley reduced their price objective on shares of Couchbase from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 4th. Guggenheim reiterated a “buy” rating and set a $30.00 price target on shares of Couchbase in a report on Wednesday, December 4th. Royal Bank of Canada reissued an “outperform” rating and set a $25.00 target price on shares of Couchbase in a research note on Wednesday, December 4th. Truist Financial began coverage on shares of Couchbase in a report on Thursday, December 12th. They issued a “buy” rating and a $21.00 price objective for the company. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $22.00 price objective on shares of Couchbase in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.