Couchbase, Inc. (NASDAQ:BASE) SVP Margaret Chow Sells 15,000 Shares

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

Couchbase Stock Up 2.7 %

BASE traded up $0.49 during midday trading on Wednesday, reaching $18.84. 488,230 shares of the company’s stock were exchanged, compared to its average volume of 444,706. The firm 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 one year low of $13.53 and a one year high of $32.00. The business has a 50-day simple moving average of $16.67 and a two-hundred day simple moving average of $17.04.

Couchbase (NASDAQ:BASE) last released its quarterly earnings results on Tuesday, December 3rd. The company reported ($0.35) 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 business earned ($0.34) earnings per share. As a group, research analysts anticipate that Couchbase, Inc. will post -1.48 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on BASE shares. Wedbush assumed coverage on shares of Couchbase in a research report on Thursday, October 17th. They issued an “outperform” rating and a $26.00 price target on the stock. Robert W. Baird decreased their price target on shares of Couchbase from $27.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday, December 4th. Guggenheim reiterated a “buy” rating and issued a $30.00 price objective on shares of Couchbase in a research note on Wednesday, December 4th. DA Davidson restated a “buy” rating and set a $25.00 target price on shares of Couchbase in a research note on Wednesday, December 4th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $22.00 price target on shares of Couchbase in a research report on Wednesday, December 4th. 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’s stock. Based on data from MarketBeat.com, Couchbase has an average rating of “Moderate Buy” and an average price target of $23.13.

Institutional Investors Weigh In On Couchbase

A number of hedge funds have recently added to or reduced their stakes in BASE. Barclays PLC lifted its stake in shares of Couchbase by 242.9% during the third quarter. Barclays PLC now owns 75,602 shares of the company’s stock valued at $1,218,000 after acquiring an additional 53,555 shares during the period. Charles Schwab Investment Management Inc. increased 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 acquiring an additional 93,301 shares during 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 position in Couchbase during the third quarter valued at approximately $3,720,000. Finally, JPMorgan Chase & Co. increased its stake in Couchbase by 169.8% in the third 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. 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.