Insider Selling: Couchbase, Inc. (NASDAQ:BASE) CEO Sells 7,833 Shares of Stock

Couchbase, Inc. (NASDAQ:BASE - Get Free Report) CEO Matthew M. Cain sold 7,833 shares of Couchbase stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $20.01, for a total value of $156,738.33. Following the sale, the chief executive officer now directly owns 952,347 shares of the company's stock, valued at approximately $19,056,463.47. The trade was a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Couchbase Price Performance

NASDAQ BASE traded down $0.68 during midday trading on Wednesday, hitting $18.93. The company had a trading volume of 532,675 shares, compared to its average volume of 594,984. The firm has a 50-day moving average price of $17.62 and a 200-day moving average price of $16.78. Couchbase, Inc. has a twelve month low of $12.78 and a twelve month high of $21.54.

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

Analyst Ratings Changes

Several analysts recently weighed in on BASE shares. Piper Sandler lifted their price target on Couchbase from $16.00 to $20.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Rosenblatt Securities reissued a "buy" rating and set a $20.00 price target on shares of Couchbase in a report on Monday, June 2nd. Wells Fargo & Company dropped their price target on Couchbase from $23.00 to $20.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. Barclays dropped their price target on Couchbase from $23.00 to $22.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $22.00 price target on shares of Couchbase in a report on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Couchbase has a consensus rating of "Moderate Buy" and an average price target of $21.65.

Hedge Funds Weigh In On Couchbase

Several hedge funds and other institutional investors have recently modified their holdings of BASE. Rhumbline Advisers increased its stake in shares of Couchbase by 26.2% in the 4th quarter. Rhumbline Advisers now owns 64,229 shares of the company's stock valued at $1,001,000 after purchasing an additional 13,345 shares during the last quarter. Pembroke Management LTD grew its position in Couchbase by 12.2% during the 4th quarter. Pembroke Management LTD now owns 898,842 shares of the company's stock worth $14,013,000 after acquiring an additional 98,061 shares during the last quarter. Maytree Asset Management Ltd bought a new stake in Couchbase during the 4th quarter worth $376,000. Olympiad Research LP bought a new stake in Couchbase during the 4th quarter worth $248,000. Finally, Bank of New York Mellon Corp grew its position in Couchbase by 8.3% during the 4th quarter. Bank of New York Mellon Corp now owns 134,799 shares of the company's stock worth $2,102,000 after acquiring an additional 10,333 shares during the last quarter. Institutional investors own 96.07% of the company's stock.

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.

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