Couchbase, Inc. (NASDAQ:BASE) SVP Sells $101,511.52 in Stock

by · The Markets Daily

Couchbase, Inc. (NASDAQ:BASE – Get Free Report) SVP Huw Owen sold 6,736 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $15.07, for a total value of $101,511.52. Following the transaction, the senior vice president now directly owns 373,647 shares in the company, valued at $5,630,860.29. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Couchbase Trading Down 0.8 %

BASE stock opened at $14.93 on Thursday. The firm has a market cap of $751.13 million, a P/E ratio of -9.10 and a beta of 0.61. Couchbase, Inc. has a 12-month low of $13.53 and a 12-month high of $32.00. The stock’s 50 day simple moving average is $16.96 and its 200 day simple moving average is $20.64.

Couchbase (NASDAQ:BASE – Get Free Report) last issued its quarterly earnings data on Wednesday, September 4th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.03. The firm had revenue of $51.60 million during the quarter, compared to the consensus estimate of $51.11 million. Couchbase had a negative return on equity of 54.84% and a negative net margin of 39.51%. The firm’s revenue was up 19.7% on a year-over-year basis. During the same period in the prior year, the business earned ($0.44) EPS. On average, research analysts forecast that Couchbase, Inc. will post -1.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BASE. Lord Abbett & CO. LLC bought a new position in Couchbase during the 1st quarter worth $9,059,000. Vanguard Group Inc. grew its stake in shares of Couchbase by 6.0% in the first quarter. Vanguard Group Inc. now owns 4,029,423 shares of the company’s stock worth $106,014,000 after purchasing an additional 227,828 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Couchbase by 346.2% in the first quarter. Acadian Asset Management LLC now owns 263,439 shares of the company’s stock worth $6,928,000 after purchasing an additional 204,396 shares in the last quarter. Circumference Group LLC bought a new position in shares of Couchbase in the fourth quarter worth $4,504,000. Finally, EVR Research LP grew its stake in shares of Couchbase by 9.4% in the second quarter. EVR Research LP now owns 2,081,585 shares of the company’s stock worth $38,010,000 after purchasing an additional 179,585 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on BASE shares. Piper Sandler cut their target price on Couchbase from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. Morgan Stanley cut their target price on Couchbase from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th. Robert W. Baird cut their target price on Couchbase from $32.00 to $27.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. Oppenheimer cut their target price on Couchbase from $25.00 to $23.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $22.00 target price on shares of Couchbase in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $22.93.

View Our Latest Report on BASE

About Couchbase

(Get Free Report)

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.

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