Insider Selling: Couchbase, Inc. (NASDAQ:BASE) CAO Sells 4,431 Shares of Stock

Couchbase, Inc. (NASDAQ:BASE) CAO William Robert Carey sold 4,431 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $27.90, for a total transaction of $123,624.90. Following the transaction, the chief accounting officer now directly owns 48,097 shares in the company, valued at approximately $1,341,906.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

William Robert Carey also recently made the following trade(s):

• On Monday, March 18th, William Robert Carey sold 416 shares of Couchbase stock. The shares were sold at an average price of $27.20, for a total transaction of $11,315.20.

Couchbase Stock Performance

NASDAQ BASE opened at $26.12 on Thursday. Couchbase, Inc. has a one year low of $13.28 and a one year high of $32.00. The company has a 50-day simple moving average of $26.84 and a 200-day simple moving average of $21.68. The firm has a market capitalization of $1.26 billion, a PE ratio of -15.36 and a beta of 0.72.

Couchbase (NASDAQ:BASE) last issued its quarterly earnings data on Tuesday, March 5th. The company reported ($0.32) earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.03. The firm had revenue of $50.09 million for the quarter, compared to the consensus estimate of $46.56 million. Couchbase had a negative net margin of 44.54% and a negative return on equity of 53.93%. Equities analysts forecast that Couchbase, Inc. will post -1.4 earnings per share for the current year.

Institutional Trading of Couchbase

Hedge funds have recently bought and sold shares of the company. Metropolitan Life Insurance Co NY bought a new stake in Couchbase in the 1st quarter valued at about $30,000. Ameritas Investment Partners Inc. raised its position in shares of Couchbase by 145.6% during the 1st quarter. Ameritas Investment Partners Inc. now owns 1,822 shares of the company’s stock worth $32,000 after buying an additional 1,080 shares in the last quarter. AJOVista LLC bought a new stake in shares of Couchbase during the 4th quarter worth about $74,000. US Bancorp DE bought a new stake in shares of Couchbase during the 4th quarter worth about $78,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Couchbase during the 3rd quarter worth about $67,000. 96.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on BASE. Oppenheimer raised their target price on shares of Couchbase from $25.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Barclays raised their price target on shares of Couchbase from $29.00 to $33.00 and gave the company an “equal weight” rating in a report on Wednesday, March 6th. Wells Fargo & Company raised their price target on shares of Couchbase from $26.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, March 5th. The Goldman Sachs Group raised their price target on shares of Couchbase from $20.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. Finally, Guggenheim raised their price target on shares of Couchbase from $27.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Couchbase has an average rating of “Moderate Buy” and an average target price of $32.40.

Couchbase Company Profile

Couchbase, Inc provides a database 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 helps in 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.