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

Couchbase, Inc. (NASDAQ:BASE) CAO William Robert Carey sold 912 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief accounting officer now directly owns 72,700 shares in the company, valued at approximately $1,308,600. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Couchbase Stock Performance

Shares of BASE stock traded up $1.02 during trading hours on Tuesday, hitting $19.57. 448,094 shares of the company were exchanged, compared to its average volume of 484,627. Couchbase, Inc. has a one year low of $13.53 and a one year high of $32.00. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of -11.67 and a beta of 0.59. The business’s 50-day simple moving average is $15.89 and its two-hundred day simple moving average is $18.83.

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

Institutional Investors Weigh In On Couchbase

A number of institutional investors have recently bought and sold shares of BASE. Ashton Thomas Private Wealth LLC bought a new position in Couchbase in the second quarter valued at approximately $47,000. Point72 Hong Kong Ltd acquired a new stake in Couchbase in the second quarter valued at $67,000. Harbor Capital Advisors Inc. boosted its stake in Couchbase by 23.0% during the second quarter. Harbor Capital Advisors Inc. now owns 6,012 shares of the company’s stock worth $110,000 after acquiring an additional 1,125 shares in the last quarter. ProShare Advisors LLC purchased a new position in Couchbase during the 1st quarter worth $230,000. Finally, Arizona State Retirement System increased its holdings in Couchbase by 28.5% in the 2nd quarter. Arizona State Retirement System now owns 11,032 shares of the company’s stock worth $201,000 after acquiring an additional 2,445 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Stifel Nicolaus cut their price objective on shares of Couchbase from $25.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. UBS Group dropped their price target on shares of Couchbase from $24.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Piper Sandler Companies began coverage on shares of Couchbase in a research note on Friday, August 16th. They set an “overweight” rating and a $22.00 price target on the stock. Morgan Stanley lowered their price target on shares of Couchbase from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th. Finally, DA Davidson lowered their price objective on Couchbase from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.