Couchbase, Inc. (NASDAQ:BASE) CEO Sells $156,738.33 in Stock

Couchbase, Inc. (NASDAQ:BASE - Get Free Report) CEO Matthew M. Cain sold 7,833 shares of Couchbase stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $20.01, for a total value of $156,738.33. Following the completion of the transaction, the chief executive officer now directly owns 952,347 shares of the company's stock, valued at $19,056,463.47. This represents a 0.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Couchbase Stock Up 29.4%

Shares of NASDAQ BASE traded up $5.56 during trading on Friday, reaching $24.49. The company had a trading volume of 13,423,326 shares, compared to its average volume of 646,878. The company's fifty day moving average price is $17.95 and its 200-day moving average price is $16.81. Couchbase, Inc. has a 12 month low of $12.78 and a 12 month high of $25.16. The stock has a market cap of $1.32 billion, a P/E ratio of -17.88 and a beta of 0.82.

Couchbase (NASDAQ:BASE - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported ($0.06) EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $56.52 million for the quarter, compared to analyst estimates of $55.59 million. During the same quarter in the previous year, the company posted ($0.10) EPS. The business's revenue was up 10.1% on a year-over-year basis. As a group, equities analysts predict that Couchbase, Inc. will post -1.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. DA Davidson cut Couchbase from a "strong-buy" rating to a "hold" rating and dropped their price objective for the company from $25.00 to $24.50 in a report on Friday. Wells Fargo & Company cut Couchbase from a "strong-buy" rating to a "hold" rating and boosted their price target for the stock from $20.00 to $24.50 in a report on Friday. Robert W. Baird boosted their price target on Couchbase from $20.00 to $22.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Rosenblatt Securities cut Couchbase from a "strong-buy" rating to a "hold" rating and boosted their price target for the stock from $22.00 to $24.50 in a report on Friday. Finally, Needham & Company LLC reissued a "hold" rating and set a $22.00 price target on shares of Couchbase in a report on Friday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Couchbase has an average rating of "Hold" and an average target price of $22.56.

Institutional Investors Weigh In On Couchbase

A number of institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers lifted 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 period. Pembroke Management LTD lifted its stake in shares of Couchbase by 12.2% in the 4th quarter. Pembroke Management LTD now owns 898,842 shares of the company's stock valued at $14,013,000 after purchasing an additional 98,061 shares during the period. Maytree Asset Management Ltd acquired a new position in shares of Couchbase in the 4th quarter valued at about $376,000. Olympiad Research LP acquired a new position in shares of Couchbase in the 4th quarter valued at about $248,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Couchbase by 8.3% in the 4th quarter. Bank of New York Mellon Corp now owns 134,799 shares of the company's stock valued at $2,102,000 after purchasing an additional 10,333 shares during the period. Institutional investors own 96.07% of the company's stock.

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.