Couchbase, Inc. (NASDAQ:BASE - Get Free Report) CEO Matthew M. Cain sold 12,357 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $24.30, for a total value of $300,275.10. Following the transaction, the chief executive officer directly owned 870,848 shares of the company's stock, valued at approximately $21,161,606.40. This trade represents a 1.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Couchbase Price Performance
Couchbase stock traded down $0.02 during trading hours on Thursday, hitting $24.24. The company had a trading volume of 460,707 shares, compared to its average volume of 705,226. Couchbase, Inc. has a one year low of $12.78 and a one year high of $25.16. The firm has a market cap of $1.31 billion, a PE ratio of -17.69 and a beta of 0.93. The firm has a 50-day moving average of $20.96 and a 200 day moving average of $17.94.
Couchbase (NASDAQ:BASE - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported ($0.06) EPS for the quarter, beating analysts' consensus estimates of ($0.08) by $0.02. Couchbase had a negative return on equity of 55.25% and a negative net margin of 33.23%. The firm had revenue of $56.52 million for the quarter, compared to analyst estimates of $55.59 million. During the same period in the prior year, the firm posted ($0.10) EPS. The company's revenue for the quarter was up 10.1% on a year-over-year basis. As a group, research analysts expect that Couchbase, Inc. will post -1.48 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on BASE. Baird R W downgraded shares of Couchbase from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 23rd. Piper Sandler downgraded Couchbase from a "strong-buy" rating to a "hold" rating and raised their price target for the company from $20.00 to $24.50 in a research note on Friday, June 20th. DA Davidson lowered Couchbase from a "strong-buy" rating to a "hold" rating and lowered their price target for the stock from $25.00 to $24.50 in a research report on Friday, June 20th. Rosenblatt Securities downgraded Couchbase from a "strong-buy" rating to a "hold" rating and increased their price objective for the company from $22.00 to $24.50 in a report on Friday, June 20th. Finally, Morgan Stanley raised their target price on shares of Couchbase from $18.00 to $19.00 and gave the company an "equal weight" rating in a research note on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $23.09.
Get Our Latest Analysis on Couchbase
Institutional Investors Weigh In On Couchbase
A number of large investors have recently added to or reduced their stakes in BASE. MetLife Investment Management LLC raised its stake in Couchbase by 5.9% in the fourth quarter. MetLife Investment Management LLC now owns 24,172 shares of the company's stock valued at $377,000 after purchasing an additional 1,342 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of Couchbase during the 4th quarter worth approximately $249,000. Congress Asset Management Co. bought a new position in Couchbase in the first quarter valued at approximately $5,650,000. Harbor Capital Advisors Inc. raised its position in Couchbase by 33.3% during the first quarter. Harbor Capital Advisors Inc. now owns 8,972 shares of the company's stock valued at $141,000 after purchasing an additional 2,240 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Couchbase by 11.1% during the fourth quarter. Northern Trust Corp now owns 367,884 shares of the company's stock worth $5,735,000 after purchasing an additional 36,828 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.
Couchbase Company Profile
(
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.
Further Reading
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