Margaret Chow Sells 15,000 Shares of Couchbase, Inc. (NASDAQ:BASE) Stock

Couchbase, Inc. (NASDAQ:BASE) SVP Margaret Chow sold 15,000 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $18.31, for a total transaction of $274,650.00. Following the sale, the senior vice president now directly owns 133,067 shares of the company’s stock, valued at approximately $2,436,456.77. The trade was a 10.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Couchbase Price Performance

NASDAQ:BASE opened at $18.49 on Friday. The company’s fifty day moving average price is $16.60 and its 200-day moving average price is $17.07. Couchbase, Inc. has a 1-year low of $13.53 and a 1-year high of $32.00. The firm has a market capitalization of $967.95 million, a P/E ratio of -11.56 and a beta of 0.81.

Couchbase (NASDAQ:BASE) last announced its quarterly earnings results on Tuesday, December 3rd. The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate 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 company earned ($0.34) EPS. Equities analysts anticipate that Couchbase, Inc. will post -1.48 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on BASE. Piper Sandler reiterated an “overweight” rating and set a $21.00 price objective on shares of Couchbase in a research note on Wednesday, December 4th. Stifel Nicolaus upped their price target on Couchbase from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Royal Bank of Canada reissued an “outperform” rating and issued a $25.00 price objective on shares of Couchbase in a research report on Wednesday, December 4th. Truist Financial began coverage on Couchbase in a research report on Thursday, December 12th. They set a “buy” rating and a $21.00 target price on the stock. Finally, Needham & Company LLC reissued a “buy” rating and issued a $22.00 price target on shares of Couchbase in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.13.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its stake in shares of Couchbase by 7.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 396,699 shares of the company’s stock worth $6,185,000 after purchasing an additional 27,509 shares during the period. Bank of New York Mellon Corp boosted its holdings in Couchbase by 8.3% during the fourth quarter. Bank of New York Mellon Corp now owns 134,799 shares of the company’s stock worth $2,102,000 after buying an additional 10,333 shares in the last quarter. Olympiad Research LP purchased a new stake in Couchbase during the fourth quarter worth $248,000. Maytree Asset Management Ltd acquired a new stake in Couchbase during the fourth quarter valued at $376,000. Finally, Pembroke Management LTD increased its holdings in Couchbase by 12.2% in the fourth quarter. Pembroke Management LTD now owns 898,842 shares of the company’s stock valued at $14,013,000 after buying an additional 98,061 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

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.