Couchbase, Inc. (NASDAQ:BASE) CEO Matthew M. Cain Sells 7,833 Shares

Couchbase, Inc. (NASDAQ:BASE) CEO Matthew M. Cain sold 7,833 shares of the company’s stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $20.01, for a total transaction of $156,738.33. Following the completion of the transaction, the chief executive officer now owns 952,347 shares of the company’s stock, valued at approximately $19,056,463.47. This trade represents a 0.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Couchbase Stock Performance

NASDAQ BASE opened at $18.93 on Thursday. The stock has a market capitalization of $1.02 billion, a P/E ratio of -13.82 and a beta of 0.82. Couchbase, Inc. has a 1 year low of $12.78 and a 1 year high of $21.54. The business’s fifty day moving average is $17.68 and its two-hundred day moving average is $16.79.

Couchbase (NASDAQ:BASE) last released its earnings results on Tuesday, June 3rd. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.02. Couchbase had a negative net margin of 33.23% and a negative return on equity of 55.25%. The business had revenue of $56.52 million for the quarter, compared to the consensus estimate of $55.59 million. During the same period last year, the firm posted ($0.10) earnings per share. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. On average, research analysts forecast that Couchbase, Inc. will post -1.48 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BASE. UBS Group boosted their price objective on Couchbase from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 4th. Barclays decreased their price target on Couchbase from $23.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. Piper Sandler lifted their price objective on shares of Couchbase from $16.00 to $20.00 and gave the company an “overweight” rating in a research note on Wednesday, June 4th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $22.00 price objective on shares of Couchbase in a report on Wednesday, June 4th. Finally, Guggenheim lowered their target price on shares of Couchbase from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.65.

Hedge Funds Weigh In On Couchbase

Several institutional investors and hedge funds have recently added to or reduced their stakes in BASE. Woodline Partners LP lifted its holdings in shares of Couchbase by 60.7% in the first quarter. Woodline Partners LP now owns 17,069 shares of the company’s stock valued at $269,000 after purchasing an additional 6,446 shares in the last quarter. Caxton Associates LLP purchased a new stake in Couchbase in the 1st quarter worth about $271,000. Goldman Sachs Group Inc. boosted its position in Couchbase by 42.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 225,460 shares of the company’s stock worth $3,551,000 after acquiring an additional 66,719 shares during the period. Petrus Trust Company LTA boosted its position in Couchbase by 36.6% during the 1st quarter. Petrus Trust Company LTA now owns 17,971 shares of the company’s stock worth $283,000 after acquiring an additional 4,814 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Couchbase by 6.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,848 shares of the company’s stock valued at $376,000 after acquiring an additional 1,487 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

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.