William Robert Carey Sells 1,321 Shares of Couchbase, Inc. (NASDAQ:BASE) Stock

Couchbase, Inc. (NASDAQ:BASE - Get Free Report) CFO William Robert Carey sold 1,321 shares of the stock in a transaction on Friday, June 20th. The stock was sold at an average price of $25.00, for a total value of $33,025.00. Following the transaction, the chief financial officer now directly owns 92,443 shares in the company, valued at approximately $2,311,075. This represents a 1.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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 stock was sold at an average price of $19.50, for a total value of $44,850.00.

Couchbase Stock Down 0.7%

Couchbase stock traded down $0.17 during mid-day trading on Tuesday, hitting $24.41. 2,767,190 shares of the company's stock traded hands, compared to its average volume of 670,849. Couchbase, Inc. has a one year low of $12.78 and a one year high of $25.16. The company has a market cap of $1.32 billion, a PE ratio of -17.82 and a beta of 0.82. The firm has a 50 day moving average price of $18.14 and a 200 day moving average price of $16.87.

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 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 during the quarter, compared to analyst estimates of $55.59 million. During the same period last year, the company posted ($0.10) EPS. The firm's quarterly revenue was up 10.1% on a year-over-year basis. On average, analysts expect that Couchbase, Inc. will post -1.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Couchbase

A number of institutional investors have recently bought and sold shares of BASE. Irenic Capital Management LP acquired a new stake in shares of Couchbase in the 1st quarter valued at $26,356,000. Hood River Capital Management LLC increased its holdings in shares of Couchbase by 38.2% during the 4th quarter. Hood River Capital Management LLC now owns 2,738,468 shares of the company's stock valued at $42,693,000 after acquiring an additional 756,394 shares during the last quarter. Wasatch Advisors LP raised its stake in shares of Couchbase by 72.0% in the 4th quarter. Wasatch Advisors LP now owns 1,703,267 shares of the company's stock valued at $26,554,000 after acquiring an additional 712,936 shares in the last quarter. Franklin Resources Inc. grew its holdings in Couchbase by 26.8% during the fourth quarter. Franklin Resources Inc. now owns 2,089,104 shares of the company's stock valued at $32,569,000 after purchasing an additional 441,770 shares during the last quarter. Finally, Congress Asset Management Co. bought a new stake in shares of Couchbase during the 1st quarter worth $5,650,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. William Blair cut shares of Couchbase from a "strong-buy" rating to a "hold" rating in a research report on Friday. Royal Bank Of Canada reissued an "outperform" rating and set a $22.00 price objective on shares of Couchbase in a research note on Wednesday, June 4th. Barclays raised their price objective on Couchbase from $22.00 to $24.50 and gave the stock an "overweight" rating in a report on Friday. Stifel Nicolaus restated a "hold" rating and issued a $24.50 price target (up previously from $22.00) on shares of Couchbase in a report on Tuesday. Finally, DA Davidson lowered shares of Couchbase from a "strong-buy" rating to a "hold" rating and dropped their price objective for the stock from $25.00 to $24.50 in a research report on Friday. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price 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.

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