Couchbase, Inc. (NASDAQ:BASE) CFO Sells $33,025.00 in Stock

Couchbase, Inc. (NASDAQ:BASE - Get Free Report) CFO William Robert Carey sold 1,321 shares of the firm's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $25.00, for a total transaction of $33,025.00. Following the completion of the sale, the chief financial officer now owns 92,443 shares of the company's stock, valued at $2,311,075. This trade represents a 1.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

William Robert Carey also recently made the following trade(s):

• On Wednesday, June 4th, William Robert Carey sold 2,300 shares of Couchbase stock. The shares were sold at an average price of $19.50, for a total transaction of $44,850.00.

Couchbase Price Performance

Shares of NASDAQ:BASE opened at $24.36 on Friday. Couchbase, Inc. has a 1 year low of $12.78 and a 1 year high of $25.16. The business's 50-day moving average is $18.90 and its 200-day moving average is $17.09. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of -17.78 and a beta of 0.82.

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

Hedge Funds Weigh In On Couchbase

A number of institutional investors and hedge funds have recently made changes to their positions in BASE. Quarry LP bought a new stake in shares of Couchbase during the fourth quarter valued at approximately $35,000. AlphaQuest LLC increased its position in shares of 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 in the last quarter. Summit Investment Advisors Inc. raised its holdings in shares of Couchbase by 24.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,161 shares of the company's stock worth $65,000 after acquiring an additional 807 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in Couchbase by 22.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company's stock valued at $65,000 after purchasing an additional 759 shares during the last quarter. Finally, CWM LLC boosted its position in shares of Couchbase by 272.9% during the first quarter. CWM LLC now owns 4,191 shares of the company's stock valued at $66,000 after buying an additional 3,067 shares during the last quarter. Institutional investors own 96.07% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. UBS Group increased their price target on Couchbase from $18.00 to $20.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Truist Financial reiterated a "hold" rating and set a $24.50 target price (up from $21.00) on shares of Couchbase in a research report on Monday, June 23rd. Wells Fargo & Company cut Couchbase from a "strong-buy" rating to a "hold" rating and raised their price target for the stock from $20.00 to $24.50 in a research report on Friday, June 20th. Robert W. Baird reaffirmed a "neutral" rating and issued a $25.00 price target (up previously from $22.00) on shares of Couchbase in a research note on Monday, June 23rd. Finally, Rosenblatt Securities cut shares of Couchbase from a "strong-buy" rating to a "hold" rating and upped their price objective for the stock from $22.00 to $24.50 in a research report on Friday, June 20th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $23.09.

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.