Couchbase, Inc. (NASDAQ:BASE) CEO Matthew M. Cain Sells 10,053 Shares

Couchbase, Inc. (NASDAQ:BASE) CEO Matthew M. Cain sold 10,053 shares of Couchbase stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $24.15, for a total value of $242,779.95. Following the sale, the chief executive officer now owns 883,458 shares of the company’s stock, valued at $21,335,510.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Couchbase Trading Down 2.1 %

Shares of Couchbase stock opened at $23.83 on Thursday. The firm has a fifty day simple moving average of $26.91 and a 200-day simple moving average of $22.47. Couchbase, Inc. has a 1-year low of $13.97 and a 1-year high of $32.00. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of -14.02 and a beta of 0.69.

Couchbase (NASDAQ:BASE) last issued its quarterly earnings data on Tuesday, March 5th. The company reported ($0.32) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.03. Couchbase had a negative net margin of 44.54% and a negative return on equity of 54.61%. The business had revenue of $50.09 million during the quarter, compared to analysts’ expectations of $46.56 million. As a group, research analysts predict that Couchbase, Inc. will post -1.42 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Guggenheim lifted their price target on Couchbase from $27.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. DA Davidson lifted their price target on Couchbase from $27.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. The Goldman Sachs Group lifted their price target on Couchbase from $20.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. Stifel Nicolaus lifted their price target on Couchbase from $24.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, Barclays boosted their target price on Couchbase from $29.00 to $33.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 6th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Couchbase has an average rating of “Moderate Buy” and a consensus target price of $32.40.

Hedge Funds Weigh In On Couchbase

Institutional investors and hedge funds have recently bought and sold shares of the stock. NBC Securities Inc. bought a new position in Couchbase during the first quarter worth $26,000. Metropolitan Life Insurance Co NY bought a new position in Couchbase during the first quarter worth $30,000. Ameritas Investment Partners Inc. increased its position in Couchbase by 145.6% during the first quarter. Ameritas Investment Partners Inc. now owns 1,822 shares of the company’s stock worth $32,000 after acquiring an additional 1,080 shares during the period. AJOVista LLC bought a new stake in Couchbase in the 4th quarter valued at $74,000. Finally, US Bancorp DE bought a new stake in Couchbase in the 4th quarter valued at $78,000. Institutional investors own 96.07% of the company’s stock.

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.