Insider Selling: Couchbase, Inc. (NASDAQ:BASE) CEO Sells 12,357 Shares of Stock

Couchbase, Inc. (NASDAQ:BASE - Get Free Report) CEO Matthew M. Cain sold 12,357 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The shares were 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 in the company, valued at $21,161,606.40. This trade represents a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Couchbase Stock Down 0.1%

NASDAQ BASE traded down $0.02 during trading on Monday, hitting $24.30. 90,770 shares of the stock traded hands, compared to its average volume of 704,921. The company has a market capitalization of $1.31 billion, a P/E ratio of -17.73 and a beta of 0.93. The firm has a 50-day simple moving average of $21.09 and a 200-day simple moving average of $18.04. Couchbase, Inc. has a 12-month low of $12.78 and a 12-month high of $25.16.

Couchbase (NASDAQ:BASE - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The company reported ($0.06) EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $0.02. The firm had revenue of $56.52 million during the quarter, compared to analysts' expectations of $55.59 million. Couchbase had a negative return on equity of 55.25% and a negative net margin of 33.23%. The company's quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.10) EPS. As a group, research analysts predict that Couchbase, Inc. will post -1.48 EPS for the current fiscal year.

Hedge Funds Weigh In On Couchbase

A number of institutional investors and hedge funds have recently modified their holdings of BASE. Irenic Capital Management LP bought a new stake in shares of Couchbase during the 1st quarter worth approximately $26,356,000. Hood River Capital Management LLC raised its position in shares of Couchbase by 38.2% in the 4th quarter. Hood River Capital Management LLC now owns 2,738,468 shares of the company's stock worth $42,693,000 after acquiring an additional 756,394 shares in the last quarter. Wasatch Advisors LP raised its position in shares of Couchbase by 72.0% in the 4th quarter. Wasatch Advisors LP now owns 1,703,267 shares of the company's stock worth $26,554,000 after acquiring an additional 712,936 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Couchbase by 26.8% in the 4th quarter. Franklin Resources Inc. now owns 2,089,104 shares of the company's stock worth $32,569,000 after acquiring an additional 441,770 shares in the last quarter. Finally, Congress Asset Management Co. acquired a new position in Couchbase during the 1st quarter valued at about $5,650,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

Analysts Set New Price Targets

BASE has been the topic of several recent research reports. Wells Fargo & Company cut Couchbase from a "strong-buy" rating to a "hold" rating and upped their price target for the stock from $20.00 to $24.50 in a research note on Friday, June 20th. Stifel Nicolaus set a $24.50 price target on Couchbase and gave the company a "hold" rating in a report on Tuesday, June 24th. DA Davidson downgraded Couchbase from a "strong-buy" rating to a "hold" rating and lowered their price target for the company from $25.00 to $24.50 in a report on Friday, June 20th. Baird R W downgraded Couchbase from a "strong-buy" rating to a "hold" rating in a report on Monday, June 23rd. Finally, UBS Group upped their price target on Couchbase from $18.00 to $20.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $23.09.

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.