Insider Selling: Couchbase, Inc. (NASDAQ:BASE) SVP Sells 15,000 Shares of Stock

Couchbase, Inc. (NASDAQ:BASE) SVP Margaret Chow sold 15,000 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $18.31, for a total transaction of $274,650.00. Following the transaction, the senior vice president now owns 133,067 shares of the company’s stock, valued at $2,436,456.77. The trade was a 10.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Couchbase Stock Up 2.7 %

Shares of Couchbase stock opened at $18.84 on Thursday. The company has a market capitalization of $986.27 million, a price-to-earnings ratio of -11.78 and a beta of 0.81. Couchbase, Inc. has a 12-month low of $13.53 and a 12-month high of $32.00. The firm’s 50-day moving average price is $16.64 and its two-hundred day moving average price is $17.06.

Couchbase (NASDAQ:BASE) last announced its quarterly earnings data 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 return on equity of 57.22% and a negative net margin of 39.31%. During the same quarter last year, the company earned ($0.34) EPS. On average, sell-side analysts expect that Couchbase, Inc. will post -1.48 earnings per share for the current year.

Institutional Investors Weigh In On Couchbase

A number of large investors have recently bought and sold shares of BASE. Barclays PLC boosted its stake in shares of Couchbase by 242.9% in the 3rd quarter. Barclays PLC now owns 75,602 shares of the company’s stock valued at $1,218,000 after purchasing an additional 53,555 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Couchbase by 33.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 369,190 shares of the company’s stock valued at $5,951,000 after purchasing an additional 93,301 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Couchbase in the 3rd quarter valued at approximately $772,000. 272 Capital LP acquired a new stake in shares of Couchbase in the 3rd quarter valued at approximately $3,720,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Couchbase by 169.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 192,216 shares of the company’s stock valued at $3,099,000 after purchasing an additional 120,975 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on BASE shares. Stifel Nicolaus increased their price target on shares of Couchbase from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Barclays increased their price target on shares of Couchbase from $19.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a $25.00 price target on shares of Couchbase in a research note on Wednesday, December 4th. Truist Financial initiated coverage on shares of Couchbase in a research note on Thursday, December 12th. They issued a “buy” rating and a $21.00 price target for the company. Finally, Piper Sandler reissued an “overweight” rating and issued a $21.00 price objective on shares of Couchbase in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Couchbase presently has a consensus rating of “Moderate Buy” and an average price target 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.