Couchbase, Inc. (NASDAQ:BASE - Get Free Report) CEO Matthew M. Cain sold 5,542 shares of the company's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $24.37, for a total value of $135,058.54. Following the transaction, the chief executive officer owned 883,205 shares of the company's stock, valued at approximately $21,523,705.85. This trade represents a 0.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Couchbase Trading Down 0.1%
Shares of Couchbase stock traded down $0.03 during mid-day trading on Friday, reaching $24.40. 350,572 shares of the stock were exchanged, compared to its average volume of 695,734. Couchbase, Inc. has a fifty-two week low of $12.78 and a fifty-two week high of $25.16. The company has a market cap of $1.32 billion, a price-to-earnings ratio of -17.81 and a beta of 0.93. The firm has a 50-day simple moving average of $19.73 and a 200 day simple moving average of $17.40.
Couchbase (NASDAQ:BASE - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $56.52 million for the quarter, compared to analysts' expectations of $55.59 million. During the same period in the prior year, the firm earned ($0.10) earnings per share. The company's quarterly revenue was up 10.1% compared to the same quarter last year. On average, research analysts predict that Couchbase, Inc. will post -1.48 EPS for the current fiscal year.
Institutional Investors Weigh In On Couchbase
Hedge funds and other institutional investors have recently bought and sold shares of the business. AlphaQuest LLC grew its holdings in shares of Couchbase by 20.5% during the first quarter. AlphaQuest LLC now owns 3,631 shares of the company's stock worth $57,000 after purchasing an additional 617 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Couchbase by 0.5% during the 1st quarter. Bank of New York Mellon Corp now owns 135,495 shares of the company's stock worth $2,134,000 after buying an additional 696 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in Couchbase by 22.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company's stock worth $65,000 after acquiring an additional 759 shares during the last quarter. Summit Investment Advisors Inc. increased its position in Couchbase by 24.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,161 shares of the company's stock valued at $65,000 after acquiring an additional 807 shares in the last quarter. Finally, Ceera Investments LLC raised its stake 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 acquiring an additional 960 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms have recently issued reports on BASE. Truist Financial restated a "hold" rating and set a $24.50 price objective (up previously from $21.00) on shares of Couchbase in a report on Monday, June 23rd. Robert W. Baird reissued a "neutral" rating and set a $25.00 target price (up from $22.00) on shares of Couchbase in a research report on Monday, June 23rd. Royal Bank Of Canada cut Couchbase from a "moderate buy" rating to a "hold" rating in a report on Friday, June 20th. Stifel Nicolaus set a $24.50 price objective on Couchbase and gave the stock a "hold" rating in a research report on Tuesday, June 24th. Finally, Barclays lifted their price objective on Couchbase from $22.00 to $24.50 and gave the stock an "overweight" rating in a report on Friday, June 20th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $23.09.
View Our Latest Stock Analysis on BASE
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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