Insider Selling: Couchbase, Inc. (NASDAQ:BASE) CEO Sells 10,053 Shares of Stock

Couchbase, Inc. (NASDAQ:BASE - Get Free Report) CEO Matthew M. Cain sold 10,053 shares of the firm's stock in a transaction on Monday, April 15th. The stock was sold at an average price of $24.15, for a total value of $242,779.95. Following the transaction, the chief executive officer now owns 883,458 shares of the company's stock, valued at $21,335,510.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Couchbase Stock Down 2.1 %

Couchbase stock traded down $0.52 during midday trading on Wednesday, reaching $23.83. The company's stock had a trading volume of 313,812 shares, compared to its average volume of 495,270. Couchbase, Inc. has a fifty-two week low of $13.97 and a fifty-two week high of $32.00. The business has a 50-day simple moving average of $26.98 and a 200-day simple moving average of $22.46.

Couchbase (NASDAQ:BASE - Get Free Report) last posted its quarterly earnings results on Tuesday, March 5th. The company reported ($0.32) earnings per share for the quarter, beating analysts' consensus estimates of ($0.35) by $0.03. The company had revenue of $50.09 million for the quarter, compared to analysts' expectations of $46.56 million. Couchbase had a negative return on equity of 54.61% and a negative net margin of 44.54%. On average, sell-side analysts expect that Couchbase, Inc. will post -1.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on BASE shares. Barclays raised their price target on Couchbase from $29.00 to $33.00 and gave the stock an "equal weight" rating in a research report on Wednesday, March 6th. The Goldman Sachs Group increased their price objective on Couchbase from $20.00 to $30.00 and gave the company a "neutral" rating in a research note on Thursday, March 7th. DA Davidson increased their price objective on Couchbase from $27.00 to $35.00 and gave the company a "buy" rating in a research note on Wednesday, March 6th. Oppenheimer increased their price objective on Couchbase from $25.00 to $36.00 and gave the company an "outperform" rating in a research note on Wednesday, March 6th. Finally, Guggenheim increased their price objective on Couchbase from $27.00 to $32.00 and gave the company a "buy" rating in a research note on Wednesday, March 6th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $32.40.

Hedge Funds Weigh In On Couchbase

Several hedge funds have recently made changes to their positions in BASE. Vanguard Group Inc. grew its holdings in shares of Couchbase by 170.4% during the first quarter. Vanguard Group Inc. now owns 2,070,537 shares of the company's stock worth $36,069,000 after purchasing an additional 1,304,895 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Couchbase by 90.5% during the first quarter. BlackRock Inc. now owns 1,203,014 shares of the company's stock worth $20,956,000 after purchasing an additional 571,620 shares during the last quarter. Voya Investment Management LLC grew its holdings in shares of Couchbase by 3,424.4% during the fourth quarter. Voya Investment Management LLC now owns 480,233 shares of the company's stock worth $10,815,000 after purchasing an additional 466,607 shares during the last quarter. Norges Bank purchased a new position in shares of Couchbase during the fourth quarter worth about $4,515,000. Finally, First Trust Advisors LP grew its holdings in shares of Couchbase by 25.3% during the first quarter. First Trust Advisors LP now owns 1,494,952 shares of the company's stock worth $26,042,000 after purchasing an additional 302,069 shares during the last quarter. Hedge funds and other 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.

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