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 transaction of $15,570.00. Following the transaction, the director now directly owns 20,827 shares of the company’s stock, valued at approximately $360,307.10. This trade represents 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 available at the SEC website.

Couchbase Stock Performance

BASE stock opened at $18.49 on Friday. The business’s 50-day moving average is $16.60 and its two-hundred day moving average is $17.07. The company has a market cap of $967.95 million, a price-to-earnings ratio of -11.56 and a beta of 0.81. Couchbase, Inc. has a fifty-two week low of $13.53 and a fifty-two week 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 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 quarter in the prior year, the company earned ($0.34) earnings per share. Equities analysts predict that Couchbase, Inc. will post -1.48 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Harbor Capital Advisors Inc. grew its stake in shares of Couchbase by 15.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company’s stock worth $112,000 after buying an additional 956 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Couchbase by 12.2% in the fourth quarter. SG Americas Securities LLC now owns 13,546 shares of the company’s stock worth $211,000 after purchasing an additional 1,472 shares during the last quarter. Olympiad Research LP bought a new stake in shares of Couchbase during the fourth quarter valued at approximately $248,000. Creative Planning increased its position in Couchbase by 59.0% during the 3rd quarter. Creative Planning now owns 17,335 shares of the company’s stock valued at $279,000 after purchasing an additional 6,433 shares during the period. Finally, US Bancorp DE lifted its holdings in Couchbase by 147.8% during the third quarter. US Bancorp DE now owns 19,528 shares of the company’s stock worth $315,000 after buying an additional 11,648 shares during the period. Institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on BASE. 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 on the stock. Stifel Nicolaus increased their price objective on Couchbase from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Barclays upped 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. Robert W. Baird dropped their price objective on shares of Couchbase from $27.00 to $25.00 and set an “outperform” rating for the company in a research note on Wednesday, December 4th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $25.00 target price on shares of Couchbase in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, Couchbase currently has an average 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.