Margaret Chow Sells 3,934 Shares of Couchbase, Inc. (NASDAQ:BASE) Stock

Couchbase, Inc. (NASDAQ:BASE) SVP Margaret Chow sold 3,934 shares of the stock in a transaction on Friday, May 17th. The shares were sold at an average price of $27.53, for a total transaction of $108,303.02. Following the completion of the sale, the senior vice president now owns 210,429 shares of the company’s stock, valued at approximately $5,793,110.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, May 20th, Margaret Chow sold 1,066 shares of Couchbase stock. The shares were sold at an average price of $27.50, for a total transaction of $29,315.00.
• On Wednesday, March 6th, Margaret Chow sold 10,000 shares of Couchbase stock. The stock was sold at an average price of $30.53, for a total value of $305,300.00.

Couchbase Stock Performance

NASDAQ:BASE opened at $26.83 on Thursday. Couchbase, Inc. has a fifty-two week low of $13.97 and a fifty-two week high of $32.00. The company has a market cap of $1.35 billion, a price-to-earnings ratio of -15.78 and a beta of 0.72. The stock has a fifty day moving average price of $25.80 and a 200-day moving average price of $24.18.

Couchbase (NASDAQ:BASE) last announced its quarterly earnings data on Tuesday, March 5th. The company reported ($0.32) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.03. Couchbase had a negative net margin of 44.54% and a negative return on equity of 54.61%. The firm had revenue of $50.09 million for the quarter, compared to the consensus estimate of $46.56 million. Research analysts predict that Couchbase, Inc. will post -1.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Couchbase

Large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Couchbase by 6.0% in the first quarter. Vanguard Group Inc. now owns 4,029,423 shares of the company’s stock valued at $106,014,000 after buying an additional 227,828 shares in the last quarter. Hood River Capital Management LLC lifted its stake in Couchbase by 4.9% in the 1st quarter. Hood River Capital Management LLC now owns 1,511,521 shares of the company’s stock valued at $39,768,000 after purchasing an additional 70,766 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in Couchbase in the 1st quarter valued at approximately $9,059,000. Acadian Asset Management LLC grew its stake in shares of Couchbase by 346.2% during the first quarter. Acadian Asset Management LLC now owns 263,439 shares of the company’s stock worth $6,928,000 after buying an additional 204,396 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Couchbase by 8.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 250,472 shares of the company’s stock worth $5,641,000 after buying an additional 19,256 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on BASE shares. Robert W. Baird upped their price objective on Couchbase from $28.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. UBS Group began coverage on Couchbase in a report on Wednesday. They set a “neutral” rating and a $31.00 price target for the company. Guggenheim upped their price objective on shares of Couchbase from $27.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Barclays lifted their target price on shares of Couchbase from $29.00 to $33.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 6th. Finally, The Goldman Sachs Group increased their price target on shares of Couchbase from $20.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $32.27.

About Couchbase

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.