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Couchbase, Inc. (NASDAQ:BASE) CFO Sells $44,850.00 in Stock

Couchbase logo with Computer and Technology background

Couchbase, Inc. (NASDAQ:BASE - Get Free Report) CFO William Robert Carey sold 2,300 shares of the business's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $19.50, for a total value of $44,850.00. Following the completion of the transaction, the chief financial officer now owns 94,780 shares in the company, valued at $1,848,210. This trade represents a 2.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Couchbase Trading Down 1.2%

Shares of Couchbase stock traded down $0.24 during trading hours on Friday, reaching $19.22. 678,306 shares of the company's stock were exchanged, compared to its average volume of 599,038. Couchbase, Inc. has a 52-week low of $12.78 and a 52-week high of $21.54. The company has a fifty day moving average of $16.89 and a 200-day moving average of $16.87. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of -12.01 and a beta of 0.82.

Couchbase (NASDAQ:BASE - Get Free Report) last released its earnings results 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 return on equity of 57.22% and a negative net margin of 39.31%. The firm had revenue of $56.52 million for the quarter, compared to the consensus estimate of $55.59 million. During the same period in the prior year, the business posted ($0.10) earnings per share. The firm's revenue for the quarter was up 10.1% compared to the same quarter last year. On average, equities research analysts anticipate that Couchbase, Inc. will post -1.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Quarry LP acquired a new position in Couchbase during the fourth quarter worth approximately $35,000. AlphaQuest LLC increased its holdings in shares of Couchbase by 20.5% during the 1st quarter. AlphaQuest LLC now owns 3,631 shares of the company's stock worth $57,000 after buying an additional 617 shares during the last quarter. Daiwa Securities Group Inc. raised its position in shares of Couchbase by 22.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company's stock worth $65,000 after buying an additional 759 shares during the period. Summit Investment Advisors Inc. raised its position in shares of Couchbase by 24.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,161 shares of the company's stock worth $65,000 after buying an additional 807 shares during the period. Finally, CWM LLC boosted its holdings in Couchbase by 272.9% in the first quarter. CWM LLC now owns 4,191 shares of the company's stock valued at $66,000 after acquiring an additional 3,067 shares during the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BASE has been the subject of a number of analyst reports. Barclays cut their target price on Couchbase from $23.00 to $22.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. The Goldman Sachs Group reduced their target price on Couchbase from $18.00 to $16.00 and set a "sell" rating for the company in a report on Thursday, February 27th. Morgan Stanley raised their price objective on shares of Couchbase from $18.00 to $19.00 and gave the company an "equal weight" rating in a research note on Wednesday. Robert W. Baird raised their price objective on Couchbase from $20.00 to $22.00 and gave the company an "outperform" rating in a research note on Wednesday. Finally, UBS Group upped their target price on Couchbase from $18.00 to $20.00 and gave the company a "neutral" rating in a report on Wednesday. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Couchbase has an average rating of "Moderate Buy" and a consensus target price of $21.65.

Get Our Latest 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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