Insider Selling: Couchbase (NASDAQ:BASE) CEO Sells 5,542 Shares of Stock

Key Points

• CEO Matthew Cain of Couchbase sold 5,542 shares of the company's stock on August 29, resulting in a total value of approximately $135,169, while decreasing his ownership percentage by 0.65%.
• Couchbase recently reported an earnings per share (EPS) of ($0.29), significantly missing analyst estimates by ($0.23), alongside a negative return on equity of 55.25%.
• Analysts have downgraded Couchbase's stock rating from "strong-buy" to "hold," with a consensus price target of $23.16 as well as varying price objectives among different firms.

Couchbase, Inc. (NASDAQ:BASE - Get Free Report) CEO Matthew Cain sold 5,542 shares of the stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $24.39, for a total value of $135,169.38. Following the transaction, the chief executive officer owned 847,407 shares of the company's stock, valued at approximately $20,668,256.73. This trade represents a 0.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Couchbase Price Performance

BASE stock traded up $0.03 during trading hours on Wednesday, reaching $24.42. 927,654 shares of the stock were exchanged, compared to its average volume of 862,985. The firm's 50-day moving average is $24.33 and its 200-day moving average is $19.60. The company has a market cap of $1.35 billion, a price-to-earnings ratio of -17.82 and a beta of 0.93. Couchbase, Inc. has a 12 month low of $12.78 and a 12 month high of $25.16.

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Piper Sandler downgraded shares of Couchbase from a "strong-buy" rating to a "hold" rating and increased their price objective for the stock from $20.00 to $24.50 in a research note on Friday, June 20th. Baird R W downgraded shares of Couchbase from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 23rd. Needham & Company LLC downgraded shares of Couchbase from a "moderate buy" rating to a "hold" rating and set a $22.00 price objective for the company. in a research note on Friday, June 20th. DA Davidson downgraded shares of Couchbase from a "strong-buy" rating to a "hold" rating and reduced their price objective for the stock from $25.00 to $24.50 in a research note on Friday, June 20th. Finally, UBS Group increased their price objective on shares of Couchbase from $18.00 to $20.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. Four analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Couchbase has a consensus rating of "Hold" and an average price target of $23.16.

Institutional Investors Weigh In On Couchbase

Hedge funds have recently bought and sold shares of the stock. AlphaQuest LLC lifted its position in Couchbase by 20.5% during the first quarter. AlphaQuest LLC now owns 3,631 shares of the company's stock worth $57,000 after acquiring an additional 617 shares during the last quarter. CWM LLC lifted its position in Couchbase by 272.9% during the first quarter. CWM LLC now owns 4,191 shares of the company's stock worth $66,000 after acquiring an additional 3,067 shares during the last quarter. State of Wyoming acquired a new stake in Couchbase during the first quarter worth approximately $100,000. Harbor Capital Advisors Inc. lifted its position in Couchbase by 33.3% during the first quarter. Harbor Capital Advisors Inc. now owns 8,972 shares of the company's stock worth $141,000 after acquiring an additional 2,240 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in Couchbase by 723.0% during the second quarter. Tower Research Capital LLC TRC now owns 6,230 shares of the company's stock worth $152,000 after acquiring an additional 5,473 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

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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