Gregory N. Henry Sells 9,820 Shares of Couchbase, Inc. (NASDAQ:BASE) Stock

Couchbase, Inc. (NASDAQ:BASE) CFO Gregory N. Henry sold 9,820 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $17.62, for a total value of $173,028.40. Following the completion of the sale, the chief financial officer now directly owns 304,555 shares of the company’s stock, valued at $5,366,259.10. The trade was a 3.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Couchbase Stock Performance

Shares of BASE stock opened at $18.49 on Friday. The company has a market capitalization of $967.95 million, a price-to-earnings ratio of -11.56 and a beta of 0.81. Couchbase, Inc. has a one year low of $13.53 and a one year high of $32.00. The company’s 50-day moving average is $16.60 and its 200 day moving average is $17.07.

Couchbase (NASDAQ:BASE) last posted its quarterly 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 net margin of 39.31% and a negative return on equity of 57.22%. During the same quarter in the previous year, the firm posted ($0.34) EPS. As a group, research analysts predict that Couchbase, Inc. will post -1.48 earnings per share for the current fiscal year.

Institutional Trading of Couchbase

A number of institutional investors and hedge funds have recently modified their holdings of BASE. Harbor Capital Advisors Inc. boosted its position in shares of Couchbase by 15.9% during the third quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company’s stock valued at $112,000 after buying an additional 956 shares during the last quarter. SG Americas Securities LLC raised its position in Couchbase by 12.2% in the 4th quarter. SG Americas Securities LLC now owns 13,546 shares of the company’s stock worth $211,000 after buying an additional 1,472 shares during the last quarter. Olympiad Research LP bought a new position in Couchbase during the 4th quarter valued at about $248,000. Creative Planning boosted its holdings in shares of Couchbase by 59.0% during the 3rd quarter. Creative Planning now owns 17,335 shares of the company’s stock valued at $279,000 after acquiring an additional 6,433 shares during the last quarter. Finally, US Bancorp DE grew its stake in shares of Couchbase by 147.8% in the third quarter. US Bancorp DE now owns 19,528 shares of the company’s stock worth $315,000 after acquiring an additional 11,648 shares during the period. Institutional investors own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on BASE shares. Piper Sandler reaffirmed an “overweight” rating and issued a $21.00 target price on shares of Couchbase in a research report on Wednesday, December 4th. Stifel Nicolaus increased their price target on shares of Couchbase from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Needham & Company LLC reaffirmed a “buy” rating and set a $22.00 price objective on shares of Couchbase in a research report on Wednesday, December 4th. Barclays increased their target price on Couchbase from $19.00 to $23.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $25.00 price target on shares of Couchbase in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given 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 target price of $23.13.

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.