Couchbase, Inc. (NASDAQ:BASE) CFO Gregory N. Henry Sells 9,820 Shares of Stock

Couchbase, Inc. (NASDAQ:BASE) CFO Gregory N. Henry sold 9,820 shares of Couchbase stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $17.62, for a total value of $173,028.40. Following the transaction, the chief financial officer now directly owns 304,555 shares in the company, valued at approximately $5,366,259.10. The trade was a 3.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Couchbase Price Performance

Shares of BASE opened at $18.84 on Thursday. The stock 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 1 year low of $13.53 and a 1 year high of $32.00. The business’s 50 day simple moving average is $16.64 and its 200-day simple moving average is $17.06.

Couchbase (NASDAQ:BASE) last issued its quarterly earnings data on Tuesday, December 3rd. The company reported ($0.35) earnings per share (EPS) 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 period in the previous year, the firm earned ($0.34) EPS. On average, sell-side analysts expect that Couchbase, Inc. will post -1.48 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Stifel Nicolaus lifted their price objective on Couchbase from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Wedbush assumed coverage on Couchbase in a research report on Thursday, October 17th. They set an “outperform” rating and a $26.00 price objective on the stock. Robert W. Baird lowered their price objective on Couchbase from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 4th. Needham & Company LLC reaffirmed a “buy” rating and set a $22.00 price objective on shares of Couchbase in a research report on Wednesday, December 4th. Finally, Barclays boosted their price target on Couchbase from $19.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $23.13.

Hedge Funds Weigh In On Couchbase

Several large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its position in shares of Couchbase by 8.3% during the 4th quarter. Bank of New York Mellon Corp now owns 134,799 shares of the company’s stock valued at $2,102,000 after purchasing an additional 10,333 shares during the last quarter. Olympiad Research LP bought a new position in shares of Couchbase during the 4th quarter valued at approximately $248,000. Maytree Asset Management Ltd bought a new position in shares of Couchbase during the 4th quarter valued at approximately $376,000. Pembroke Management LTD increased its position in shares of Couchbase by 12.2% during the 4th quarter. Pembroke Management LTD now owns 898,842 shares of the company’s stock valued at $14,013,000 after purchasing an additional 98,061 shares during the last quarter. Finally, Rhumbline Advisers increased its position in shares of Couchbase by 26.2% during the 4th quarter. Rhumbline Advisers now owns 64,229 shares of the company’s stock valued at $1,001,000 after purchasing an additional 13,345 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

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.