Insider Selling: Couchbase, Inc. (NASDAQ:BASE) CEO Sells 63,600 Shares of Stock

Couchbase, Inc. (NASDAQ:BASE - Get Free Report) CEO Matthew M. Cain sold 63,600 shares of the business's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $24.25, for a total value of $1,542,300.00. Following the completion of the sale, the chief executive officer now owns 888,747 shares of the company's stock, valued at $21,552,114.75. The trade was a 6.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Couchbase Trading Down 0.7%

Shares of BASE stock traded down $0.17 on Tuesday, reaching $24.41. The company's stock had a trading volume of 2,767,190 shares, compared to its average volume of 670,849. The stock's fifty day simple moving average is $18.14 and its 200-day simple moving average is $16.87. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of -17.82 and a beta of 0.82. Couchbase, Inc. has a 1 year low of $12.78 and a 1 year high of $25.16.

Couchbase (NASDAQ:BASE - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported ($0.06) EPS for the quarter, beating 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 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 prior year, the firm posted ($0.10) EPS. The firm's revenue was up 10.1% compared to the same quarter last year. Equities research analysts forecast that Couchbase, Inc. will post -1.48 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Rosenblatt Securities cut shares of Couchbase from a "strong-buy" rating to a "hold" rating and lifted their price target for the company from $22.00 to $24.50 in a report on Friday. Barclays boosted their target price on Couchbase from $22.00 to $24.50 and gave the stock an "overweight" rating in a report on Friday. Needham & Company LLC downgraded shares of Couchbase from a "moderate buy" rating to a "hold" rating and set a $22.00 price target for the company. in a research report on Friday. Truist Financial reissued a "hold" rating and issued a $24.50 target price (up previously from $21.00) on shares of Couchbase in a research report on Monday. Finally, William Blair cut shares of Couchbase from a "strong-buy" rating to a "hold" rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $23.09.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of Couchbase by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 5,126,087 shares of the company's stock valued at $79,916,000 after buying an additional 164,563 shares during the last quarter. Hood River Capital Management LLC boosted its holdings in Couchbase by 38.2% in the fourth quarter. Hood River Capital Management LLC now owns 2,738,468 shares of the company's stock valued at $42,693,000 after purchasing an additional 756,394 shares during the last quarter. EVR Research LP grew its stake in shares of Couchbase by 2.0% during the 4th quarter. EVR Research LP now owns 2,590,000 shares of the company's stock worth $40,378,000 after purchasing an additional 50,000 shares during the period. Franklin Resources Inc. grew its position in shares of Couchbase by 26.8% during the 4th quarter. Franklin Resources Inc. now owns 2,089,104 shares of the company's stock valued at $32,569,000 after acquiring an additional 441,770 shares during the period. Finally, Wasatch Advisors LP grew its stake in Couchbase by 72.0% in the 4th quarter. Wasatch Advisors LP now owns 1,703,267 shares of the company's stock valued at $26,554,000 after acquiring an additional 712,936 shares during the period. 96.07% of the stock is currently owned by 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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