Couchbase, Inc. (NASDAQ:BASE) SVP Margaret Chow Sells 1,153 Shares

Couchbase, Inc. (NASDAQ:BASE) SVP Margaret Chow sold 1,153 shares of Couchbase stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $18.00, for a total value of $20,754.00. Following the completion of the transaction, the senior vice president now owns 169,452 shares in the company, valued at $3,050,136. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Margaret Chow also recently made the following trade(s):

• On Tuesday, September 19th, Margaret Chow sold 4,940 shares of Couchbase stock. The shares were sold at an average price of $18.28, for a total value of $90,303.20.
• On Thursday, September 7th, Margaret Chow sold 1,154 shares of Couchbase stock. The stock was sold at an average price of $18.00, for a total value of $20,772.00.

Couchbase Stock Performance

Shares of BASE stock opened at $17.46 on Friday. The firm has a fifty day moving average of $16.68 and a 200-day moving average of $16.43. Couchbase, Inc. has a 52-week low of $11.35 and a 52-week high of $22.50.

Couchbase (NASDAQ:BASE) last posted its quarterly earnings results on Wednesday, September 6th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.05. The firm had revenue of $43.14 million during the quarter, compared to analyst estimates of $41.71 million. Couchbase had a negative net margin of 46.14% and a negative return on equity of 50.50%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.34) earnings per share. Sell-side analysts expect that Couchbase, Inc. will post -1.58 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on BASE shares. Royal Bank of Canada restated an “outperform” rating and issued a $25.00 price objective on shares of Couchbase in a research note on Wednesday, September 13th. William Blair restated an “outperform” rating on shares of Couchbase in a research report on Thursday, September 7th. Finally, Barclays cut their price objective on shares of Couchbase from $23.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, August 18th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $20.78.

Hedge Funds Weigh In On Couchbase

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Couchbase by 170.4% in the first quarter. Vanguard Group Inc. now owns 2,070,537 shares of the company’s stock valued at $36,069,000 after acquiring an additional 1,304,895 shares during the period. BlackRock Inc. grew its holdings in shares of Couchbase by 90.5% in the 1st quarter. BlackRock Inc. now owns 1,203,014 shares of the company’s stock worth $20,956,000 after purchasing an additional 571,620 shares during the last quarter. Solel Partners LP increased its position in shares of Couchbase by 26.8% during the 1st quarter. Solel Partners LP now owns 2,214,096 shares of the company’s stock worth $31,130,000 after purchasing an additional 467,638 shares in the last quarter. Gratus Capital LLC bought a new position in Couchbase during the 2nd quarter valued at about $5,695,000. Finally, Norges Bank acquired a new position in Couchbase in the fourth quarter valued at about $4,515,000. Institutional investors own 68.60% of the company’s stock.

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.