Carol W. Carpenter Sells 900 Shares of Couchbase, Inc. (NASDAQ:BASE) Stock

Couchbase, Inc. (NASDAQ:BASE) Director Carol W. Carpenter sold 900 shares of Couchbase stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $17.30, for a total value of $15,570.00. Following the transaction, the director now owns 20,827 shares of the company’s stock, valued at $360,307.10. The trade was a 4.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Couchbase Trading Up 2.7 %

NASDAQ:BASE traded up $0.49 during mid-day trading on Wednesday, hitting $18.84. The stock had a trading volume of 488,232 shares, compared to its average volume of 444,714. The stock has a 50-day simple moving average of $16.67 and a two-hundred day simple moving average of $17.04. The company has a market capitalization of $986.27 million, a PE ratio of -11.78 and a beta of 0.81. Couchbase, Inc. has a twelve month low of $13.53 and a twelve month high of $32.00.

Couchbase (NASDAQ:BASE) last posted its earnings results on Tuesday, December 3rd. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.27). Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. During the same period last year, the firm posted ($0.34) EPS. Sell-side analysts predict that Couchbase, Inc. will post -1.48 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BASE shares. Piper Sandler reiterated an “overweight” rating and set a $21.00 price target on shares of Couchbase in a research report on Wednesday, December 4th. Wedbush began coverage on Couchbase in a research report on Thursday, October 17th. They set an “outperform” rating and a $26.00 price target for the company. Stifel Nicolaus boosted their price target on shares of Couchbase from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Robert W. Baird dropped their price objective on shares of Couchbase from $27.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday, December 4th. Finally, Barclays increased their target price on shares of Couchbase from $19.00 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.13.

Hedge Funds Weigh In On Couchbase

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Harbor Capital Advisors Inc. raised its position in Couchbase by 15.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company’s stock worth $112,000 after buying an additional 956 shares during the last quarter. SG Americas Securities LLC grew its stake in Couchbase by 12.2% in the 4th quarter. SG Americas Securities LLC now owns 13,546 shares of the company’s stock valued at $211,000 after acquiring an additional 1,472 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Couchbase by 9.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,770 shares of the company’s stock valued at $379,000 after acquiring an additional 1,865 shares during the last quarter. Alpha DNA Investment Management LLC boosted its stake in shares of Couchbase by 20.4% during the 3rd quarter. Alpha DNA Investment Management LLC now owns 27,306 shares of the company’s stock worth $440,000 after purchasing an additional 4,629 shares during the last quarter. Finally, Creative Planning boosted its stake in shares of Couchbase by 59.0% during the 3rd quarter. Creative Planning now owns 17,335 shares of the company’s stock worth $279,000 after purchasing an additional 6,433 shares during the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

About Couchbase

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.