Couchbase, Inc. (NASDAQ:BASE) CEO Matthew M. Cain Sells 10,053 Shares

Couchbase, Inc. (NASDAQ:BASE) CEO Matthew M. Cain sold 10,053 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $24.15, for a total value of $242,779.95. Following the completion of the sale, the chief executive officer now owns 883,458 shares of the company’s stock, valued at $21,335,510.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Couchbase Price Performance

BASE stock opened at $23.52 on Friday. Couchbase, Inc. has a 52-week low of $13.97 and a 52-week high of $32.00. The company has a 50-day moving average of $26.83 and a two-hundred day moving average of $22.48. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of -13.84 and a beta of 0.69.

Couchbase (NASDAQ:BASE) last released its earnings results on Tuesday, March 5th. The company reported ($0.32) earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $50.09 million during the quarter, compared to analysts’ expectations of $46.56 million. Equities analysts expect that Couchbase, Inc. will post -1.42 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on BASE shares. Robert W. Baird increased their price objective on Couchbase from $28.00 to $35.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. The Goldman Sachs Group increased their price objective on Couchbase from $20.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, March 7th. Barclays increased their price objective on Couchbase from $29.00 to $33.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 6th. Guggenheim increased their price objective on Couchbase from $27.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Finally, DA Davidson boosted their target price on shares of Couchbase from $27.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Couchbase currently has a consensus rating of “Moderate Buy” and an average price target of $32.40.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. NBC Securities Inc. acquired a new stake in shares of Couchbase during the first quarter worth approximately $26,000. Metropolitan Life Insurance Co NY acquired a new stake in shares of Couchbase during the first quarter worth approximately $30,000. Ameritas Investment Partners Inc. increased its holdings in shares of Couchbase by 145.6% during the first quarter. Ameritas Investment Partners Inc. now owns 1,822 shares of the company’s stock worth $32,000 after buying an additional 1,080 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Couchbase during the third quarter worth approximately $67,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Couchbase by 65.6% in the third quarter. Tower Research Capital LLC TRC now owns 4,831 shares of the company’s stock valued at $69,000 after purchasing an additional 1,913 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

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.