Insider Selling: Couchbase, Inc. (NASDAQ:BASE) SVP Sells $274,650.00 in Stock

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

Couchbase Trading Down 0.7 %

BASE opened at $18.36 on Friday. The stock has a market capitalization of $961.15 million, a PE ratio of -11.48 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 firm has a 50-day moving average price of $16.56 and a two-hundred day moving average price of $17.06.

Couchbase (NASDAQ:BASE) last issued its earnings results 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 net margin of 39.31% and a negative return on equity of 57.22%. During the same quarter in the prior year, the business posted ($0.34) earnings per share. On average, research analysts predict that Couchbase, Inc. will post -1.48 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BASE. Portolan Capital Management LLC boosted its stake in shares of Couchbase by 77.8% in the 3rd quarter. Portolan Capital Management LLC now owns 874,795 shares of the company’s stock valued at $14,102,000 after purchasing an additional 382,851 shares during the last quarter. Wasatch Advisors LP boosted its stake in shares of Couchbase by 56.4% in the 3rd quarter. Wasatch Advisors LP now owns 990,331 shares of the company’s stock valued at $15,964,000 after purchasing an additional 357,169 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Couchbase by 27.3% in the 3rd quarter. Franklin Resources Inc. now owns 1,647,334 shares of the company’s stock valued at $27,379,000 after purchasing an additional 353,233 shares during the last quarter. 272 Capital LP bought a new position in Couchbase during the 3rd quarter worth approximately $3,720,000. Finally, JPMorgan Chase & Co. boosted its stake in Couchbase by 169.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 192,216 shares of the company’s stock worth $3,099,000 after acquiring an additional 120,975 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BASE. Stifel Nicolaus raised their price objective on shares of Couchbase from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Truist Financial began coverage on shares of Couchbase in a research report on Thursday, December 12th. They set a “buy” rating and a $21.00 target price for the company. Royal Bank of Canada reiterated an “outperform” rating and set a $25.00 target price on shares of Couchbase in a research report on Wednesday, December 4th. Wedbush began coverage on shares of Couchbase in a research report on Thursday, October 17th. They set an “outperform” rating and a $26.00 target price for the company. Finally, Guggenheim reiterated a “buy” rating and set a $30.00 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 given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.13.

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.