Couchbase, Inc. (NASDAQ:BASE) SVP Margaret Chow Sells 380 Shares of Stock

Couchbase, Inc. (NASDAQ:BASEGet Free Report) SVP Margaret Chow sold 380 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $27.50, for a total value of $10,450.00. Following the transaction, the senior vice president now directly owns 162,103 shares in the company, valued at approximately $4,457,832.50. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

  • On Friday, February 2nd, Margaret Chow sold 4,620 shares of Couchbase stock. The stock was sold at an average price of $27.50, for a total value of $127,050.00.
  • On Monday, December 18th, Margaret Chow sold 4,989 shares of Couchbase stock. The stock was sold at an average price of $23.59, for a total value of $117,690.51.
  • On Tuesday, November 14th, Margaret Chow sold 1,153 shares of Couchbase stock. The stock was sold at an average price of $18.00, for a total value of $20,754.00.

Couchbase Stock Down 0.8 %

NASDAQ:BASE opened at $27.28 on Wednesday. The stock’s 50 day moving average price is $22.94 and its 200 day moving average price is $18.83. The company has a market capitalization of $1.31 billion, a PE ratio of -16.74 and a beta of 0.68. Couchbase, Inc. has a 52-week low of $12.98 and a 52-week high of $27.64.

Couchbase (NASDAQ:BASEGet Free Report) last released its quarterly earnings results on Wednesday, December 6th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.10. The firm had revenue of $45.81 million for the quarter, compared to the consensus estimate of $43.02 million. Couchbase had a negative return on equity of 52.25% and a negative net margin of 43.94%. The firm’s quarterly revenue was up 18.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.37) EPS. As a group, sell-side analysts anticipate that Couchbase, Inc. will post -1.58 EPS for the current fiscal year.

Institutional Trading of Couchbase

Hedge funds have recently added to or reduced their stakes in the stock. Gratus Capital LLC acquired a new stake in Couchbase during the 2nd quarter worth approximately $5,695,000. Bank of New York Mellon Corp lifted its position in Couchbase by 28.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 101,895 shares of the company’s stock worth $1,612,000 after acquiring an additional 22,530 shares during the period. Ieq Capital LLC lifted its position in Couchbase by 54.5% during the 2nd quarter. Ieq Capital LLC now owns 46,066 shares of the company’s stock worth $729,000 after acquiring an additional 16,245 shares during the period. Portolan Capital Management LLC lifted its position in Couchbase by 24.3% during the 2nd quarter. Portolan Capital Management LLC now owns 1,409,865 shares of the company’s stock worth $22,304,000 after acquiring an additional 276,019 shares during the period. Finally, American International Group Inc. lifted its position in Couchbase by 19.9% during the 2nd quarter. American International Group Inc. now owns 16,370 shares of the company’s stock worth $259,000 after acquiring an additional 2,715 shares during the period. 68.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on BASE shares. Morgan Stanley upped their price target on Couchbase from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Thursday, December 7th. Oppenheimer upped their price target on Couchbase from $23.00 to $25.00 and gave the stock an “outperform” rating in a report on Thursday, December 14th. Stifel Nicolaus upped their price target on Couchbase from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, December 7th. Barclays increased their price objective on Couchbase from $23.00 to $26.00 and gave the company an “overweight” rating in a report on Friday, January 12th. Finally, Wells Fargo & Company started coverage on Couchbase in a report on Monday, January 8th. They issued an “overweight” rating and a $26.00 price objective on the stock. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $23.89.

Get Our Latest Stock Analysis on Couchbase

Couchbase Company Profile

(Get Free Report)

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.

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