Couchbase, Inc. (NASDAQ:BASE) CEO Matthew M. Cain Sells 5,542 Shares

Couchbase, Inc. (NASDAQ:BASE - Get Free Report) CEO Matthew M. Cain sold 5,542 shares of the firm's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $24.37, for a total transaction of $135,058.54. Following the sale, the chief executive officer owned 883,205 shares of the company's stock, valued at approximately $21,523,705.85. This represents a 0.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Couchbase Stock Performance

Shares of Couchbase stock traded up $0.10 on Wednesday, hitting $24.42. 1,439,963 shares of the company traded hands, compared to its average volume of 693,719. Couchbase, Inc. has a 52 week low of $12.78 and a 52 week high of $25.16. The business has a 50-day simple moving average of $19.27 and a 200 day simple moving average of $17.21. The stock has a market capitalization of $1.32 billion, a P/E ratio of -17.82 and a beta of 0.93.

Couchbase (NASDAQ:BASE - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $0.02. Couchbase had a negative net margin of 33.23% and a negative return on equity of 55.25%. The company had revenue of $56.52 million for the quarter, compared to the consensus estimate of $55.59 million. During the same period in the previous year, the firm posted ($0.10) EPS. Couchbase's revenue for the quarter was up 10.1% compared to the same quarter last year. Research analysts expect that Couchbase, Inc. will post -1.48 earnings per share for the current year.

Hedge Funds Weigh In On Couchbase

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AlphaQuest LLC increased its stake in Couchbase by 20.5% in the 1st quarter. AlphaQuest LLC now owns 3,631 shares of the company's stock worth $57,000 after acquiring an additional 617 shares during the last quarter. Bank of New York Mellon Corp grew its position in Couchbase by 0.5% in the first quarter. Bank of New York Mellon Corp now owns 135,495 shares of the company's stock worth $2,134,000 after acquiring an additional 696 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Couchbase by 22.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company's stock valued at $65,000 after purchasing an additional 759 shares during the last quarter. Summit Investment Advisors Inc. grew its holdings in Couchbase by 24.1% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,161 shares of the company's stock valued at $65,000 after purchasing an additional 807 shares during the last quarter. Finally, Ceera Investments LLC raised its holdings in shares of Couchbase by 3.0% in the fourth quarter. Ceera Investments LLC now owns 32,920 shares of the company's stock worth $513,000 after buying an additional 960 shares during the period. 96.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Rosenblatt Securities downgraded shares of Couchbase from a "strong-buy" rating to a "hold" rating and raised their price target for the company from $22.00 to $24.50 in a research report on Friday, June 20th. UBS Group increased their target price on Couchbase from $18.00 to $20.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Royal Bank Of Canada cut Couchbase from a "moderate buy" rating to a "hold" rating in a research note on Friday, June 20th. Truist Financial restated a "hold" rating and issued a $24.50 price objective (up from $21.00) on shares of Couchbase in a research note on Monday, June 23rd. Finally, Stifel Nicolaus set a $24.50 target price on Couchbase and gave the company a "hold" rating in a research report on Tuesday, June 24th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.