Couchbase, Inc. (NASDAQ:BASE) CFO Sells $173,028.40 in Stock

Couchbase, Inc. (NASDAQ:BASE) CFO Gregory N. Henry sold 9,820 shares of Couchbase stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $17.62, for a total transaction of $173,028.40. Following the completion of the transaction, the chief financial officer now owns 304,555 shares of the company’s stock, valued at $5,366,259.10. This trade represents a 3.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Couchbase Trading Up 2.7 %

NASDAQ BASE traded up $0.49 on Wednesday, hitting $18.84. 488,230 shares of the company traded hands, compared to its average volume of 444,706. The business’s 50 day moving average price is $16.67 and its 200-day moving average price is $17.04. Couchbase, Inc. has a 52-week low of $13.53 and a 52-week high of $32.00. 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 (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 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 period in the previous year, the company earned ($0.34) EPS. As a group, sell-side analysts predict that Couchbase, Inc. will post -1.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Robert W. Baird lowered their target price 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. Barclays raised their price target on shares of Couchbase from $19.00 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Needham & Company LLC reiterated a “buy” rating and set a $22.00 price objective on shares of Couchbase in a research note on Wednesday, December 4th. Royal Bank of Canada reissued an “outperform” rating and set a $25.00 price target on shares of Couchbase in a research report on Wednesday, December 4th. Finally, DA Davidson reaffirmed a “buy” rating and set a $25.00 target price on shares of Couchbase in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.13.

Institutional Trading of Couchbase

A number of institutional investors have recently made changes to their positions in the business. Portolan Capital Management LLC raised its stake in Couchbase by 77.8% in the 3rd quarter. Portolan Capital Management LLC now owns 874,795 shares of the company’s stock worth $14,102,000 after acquiring an additional 382,851 shares during the last quarter. Wasatch Advisors LP boosted its holdings in shares of Couchbase by 56.4% during the 3rd quarter. Wasatch Advisors LP now owns 990,331 shares of the company’s stock worth $15,964,000 after purchasing an additional 357,169 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Couchbase by 27.3% during the 3rd quarter. Franklin Resources Inc. now owns 1,647,334 shares of the company’s stock worth $27,379,000 after purchasing an additional 353,233 shares during the last quarter. 272 Capital LP acquired a new position in Couchbase in the third quarter valued at approximately $3,720,000. Finally, JPMorgan Chase & Co. lifted its holdings 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 acquiring an additional 120,975 shares during the last quarter. Institutional investors and hedge funds 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.