Couchbase, Inc. (NASDAQ:BASE) CEO Matthew M. Cain Sells 18,101 Shares

Couchbase, Inc. (NASDAQ:BASEGet Free Report) CEO Matthew M. Cain sold 18,101 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $22.05, for a total transaction of $399,127.05. Following the transaction, the chief executive officer now directly owns 855,304 shares of the company’s stock, valued at approximately $18,859,453.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Couchbase Trading Up 1.2 %

NASDAQ BASE opened at $21.53 on Thursday. The stock’s 50-day moving average price is $25.24 and its two-hundred day moving average price is $24.69. The company has a market cap of $1.08 billion, a PE ratio of -12.66 and a beta of 0.68. Couchbase, Inc. has a 1 year low of $13.97 and a 1 year high of $32.00.

Couchbase (NASDAQ:BASEGet Free Report) 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 return on equity of 54.61% and a negative net margin of 44.54%. The company had revenue of $50.09 million for the quarter, compared to analysts’ expectations of $46.56 million. Research analysts forecast that Couchbase, Inc. will post -1.42 EPS for the current fiscal year.

Analysts Set New Price Targets

BASE has been the subject of several research analyst reports. Stifel Nicolaus upped their price objective on shares of Couchbase from $24.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Barclays upped their price objective 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. Wells Fargo & Company upped their price objective on shares of Couchbase from $26.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, March 5th. Oppenheimer upped their price objective on shares of Couchbase from $25.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Finally, The Goldman Sachs Group upped their price objective on shares of Couchbase from $20.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, March 7th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $32.27.

Read Our Latest Report on Couchbase

Institutional Investors Weigh In On Couchbase

Several large investors have recently made changes to their positions in BASE. NBC Securities Inc. bought a new stake in shares of Couchbase in the 1st quarter valued at approximately $26,000. AJOVista LLC bought a new stake in shares of Couchbase in the 4th quarter valued at approximately $74,000. Daiwa Securities Group Inc. bought a new stake in shares of Couchbase in the 4th quarter valued at approximately $92,000. StepStone Group LP bought a new stake in shares of Couchbase in the 4th quarter valued at approximately $133,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Couchbase by 21.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,698 shares of the company’s stock valued at $151,000 after buying an additional 1,203 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

About Couchbase

(Get Free Report)

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.

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