Couchbase, Inc. (NASDAQ:BASE) Director Sells $16,371.00 in Stock

Couchbase, Inc. (NASDAQ:BASE) Director Carol W. Carpenter sold 900 shares of the company’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $18.19, for a total value of $16,371.00. Following the transaction, the director now owns 27,127 shares in the company, valued at $493,440.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Couchbase Stock Up 0.8 %

Shares of BASE opened at $17.44 on Friday. The company has a market capitalization of $877.41 million, a price-to-earnings ratio of -10.63 and a beta of 0.61. Couchbase, Inc. has a 52-week low of $14.12 and a 52-week high of $32.00. The stock has a 50 day moving average price of $21.48 and a 200 day moving average price of $24.10.

Couchbase (NASDAQ:BASE) last posted its earnings results on Wednesday, June 5th. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.03). Couchbase had a negative net margin of 41.66% and a negative return on equity of 54.49%. The company had revenue of $51.33 million during the quarter, compared to analysts’ expectations of $48.52 million. On average, equities analysts anticipate that Couchbase, Inc. will post -1.45 EPS for the current fiscal year.

Institutional Trading of Couchbase

Institutional investors and hedge funds have recently made changes to their positions in the company. NBC Securities Inc. acquired a new position in Couchbase during the first quarter worth approximately $26,000. AJOVista LLC acquired a new position in shares of Couchbase in the 4th quarter valued at $74,000. Daiwa Securities Group Inc. purchased a new stake in Couchbase in the 4th quarter valued at $92,000. Harbor Capital Advisors Inc. boosted its stake in Couchbase by 23.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 6,012 shares of the company’s stock worth $110,000 after purchasing an additional 1,125 shares during the period. Finally, StepStone Group LP purchased a new position in Couchbase during the 4th quarter worth $133,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on BASE. Wells Fargo & Company decreased their target price on Couchbase from $37.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday, June 6th. DA Davidson dropped their price objective on shares of Couchbase from $35.00 to $30.00 and set a “buy” rating for the company in a report on Friday, June 7th. Robert W. Baird reduced their target price on shares of Couchbase from $35.00 to $32.00 and set an “outperform” rating on the stock in a report on Thursday, June 6th. Royal Bank of Canada dropped their price target on shares of Couchbase from $35.00 to $31.00 and set an “outperform” rating for the company in a research note on Thursday, June 6th. Finally, Barclays decreased their target price on Couchbase from $33.00 to $27.00 and set an “equal weight” rating for the company in a report on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $28.58.

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.