Couchbase (NASDAQ:BASE) CEO Matthew Cain Sells 17,669 Shares

Key Points

• Couchbase CEO Matthew Cain sold 17,669 shares of the company's stock at an average price of $24.38, totaling approximately $430,770, reducing his ownership by 2.09% to 829,738 shares.
• The company's quarterly earnings report revealed a loss of ($0.29) earnings per share, missing analyst estimates by ($0.23), with a negative net margin of 33.23% and a return on equity of -55.25%.
• Couchbase has a current stock price of $24.42 and is rated as a "Hold" by analysts, with an average price target of $23.16.

Couchbase, Inc. (NASDAQ:BASE - Get Free Report) CEO Matthew Cain sold 17,669 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $24.38, for a total value of $430,770.22. Following the sale, the chief executive officer owned 829,738 shares of the company's stock, valued at approximately $20,229,012.44. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Couchbase Stock Up 0.1%

Shares of Couchbase stock traded up $0.03 during trading hours on Wednesday, reaching $24.42. 927,654 shares of the stock traded hands, compared to its average volume of 862,985. The company has a 50 day moving average price of $24.33 and a 200 day moving average price of $19.60. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of -17.82 and a beta of 0.93. Couchbase, Inc. has a one year low of $12.78 and a one year high of $25.16.

Couchbase (NASDAQ:BASE - Get Free Report) last released its quarterly earnings results on Wednesday, September 3rd. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.23). Couchbase had a negative net margin of 33.23% and a negative return on equity of 55.25%. Sell-side analysts anticipate that Couchbase, Inc. will post -1.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BASE. William Blair cut Couchbase from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 20th. Morgan Stanley lifted their price objective on Couchbase from $18.00 to $19.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 4th. Barclays lifted their price objective on Couchbase from $22.00 to $24.50 and gave the company an "overweight" rating in a research report on Friday, June 20th. Rosenblatt Securities cut Couchbase from a "strong-buy" rating to a "hold" rating and lifted their price objective for the company from $22.00 to $24.50 in a research report on Friday, June 20th. Finally, Royal Bank Of Canada cut Couchbase from a "moderate buy" rating to a "hold" rating in a research report on Friday, June 20th. Four research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $23.16.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC lifted its holdings in Couchbase by 723.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,230 shares of the company's stock worth $152,000 after purchasing an additional 5,473 shares in the last quarter. Water Island Capital LLC purchased a new stake in shares of Couchbase during the 2nd quarter worth approximately $8,850,000. Two Sigma Securities LLC purchased a new stake in shares of Couchbase during the 2nd quarter worth approximately $285,000. Solel Partners LP raised its holdings in shares of Couchbase by 12.1% during the 2nd quarter. Solel Partners LP now owns 2,375,367 shares of the company's stock worth $57,911,000 after acquiring an additional 256,974 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Couchbase by 179.3% during the 2nd quarter. AQR Capital Management LLC now owns 308,180 shares of the company's stock worth $7,513,000 after acquiring an additional 197,846 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Couchbase Company Profile

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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