Couchbase, Inc. (NASDAQ:BASE) Director Sells $17,352.00 in Stock

Couchbase, Inc. (NASDAQ:BASE) Director Carol W. Carpenter sold 900 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $19.28, for a total transaction of $17,352.00. Following the sale, the director now owns 25,327 shares in the company, valued at $488,304.56. The sale was disclosed in a filing with the SEC, which is available at this link.

Couchbase Trading Down 15.2 %

Shares of Couchbase stock traded down $2.89 on Thursday, hitting $16.10. 1,442,449 shares of the company traded hands, compared to its average volume of 481,671. The company has a market cap of $809.99 million, a PE ratio of -9.77 and a beta of 0.61. The stock’s 50 day moving average price is $18.32 and its 200-day moving average price is $22.45. Couchbase, Inc. has a 52 week low of $14.12 and a 52 week high of $32.00.

Couchbase (NASDAQ:BASE) last issued its earnings results on Wednesday, September 4th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. Couchbase had a negative return on equity of 54.49% and a negative net margin of 41.66%. The business had revenue of $51.60 million during the quarter, compared to analyst estimates of $51.11 million. During the same period in the previous year, the company posted ($0.44) EPS. Couchbase’s revenue was up 19.7% on a year-over-year basis. As a group, research analysts anticipate that Couchbase, Inc. will post -1.45 EPS for the current fiscal year.

Institutional Trading of Couchbase

A number of hedge funds have recently added to or reduced their stakes in BASE. Dana Investment Advisors Inc. increased its position in Couchbase by 33.7% during the 2nd quarter. Dana Investment Advisors Inc. now owns 74,869 shares of the company’s stock valued at $1,367,000 after purchasing an additional 18,889 shares during the period. Point72 Asset Management L.P. raised its stake in Couchbase by 5.7% in the second quarter. Point72 Asset Management L.P. now owns 13,000 shares of the company’s stock worth $237,000 after buying an additional 700 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Couchbase by 9.9% in the second quarter. The Manufacturers Life Insurance Company now owns 20,770 shares of the company’s stock worth $379,000 after buying an additional 1,865 shares in the last quarter. Dark Forest Capital Management LP purchased a new stake in Couchbase during the second quarter worth $300,000. Finally, EVR Research LP boosted its position in Couchbase by 9.4% during the 2nd quarter. EVR Research LP now owns 2,081,585 shares of the company’s stock valued at $38,010,000 after acquiring an additional 179,585 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on BASE shares. Wells Fargo & Company reduced their price objective on Couchbase from $30.00 to $23.00 and set an “overweight” rating on the stock in a research note on Thursday. DA Davidson cut their target price on Couchbase from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday. UBS Group dropped their price objective on shares of Couchbase from $24.00 to $19.00 and set a “neutral” rating for the company in a research note on Thursday. The Goldman Sachs Group cut shares of Couchbase from a “neutral” rating to a “sell” rating and cut their price objective for the company from $30.00 to $18.00 in a research report on Thursday, June 6th. Finally, Guggenheim restated a “buy” rating and issued a $30.00 target price on shares of Couchbase in a report on Tuesday, June 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.93.

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.