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 company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $17.62, for a total value of $173,028.40. Following the completion of the transaction, the chief financial officer now directly owns 304,555 shares in the company, valued at $5,366,259.10. This trade represents a 3.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Couchbase Price Performance

Shares of NASDAQ BASE opened at $18.84 on Thursday. The stock has a market capitalization of $986.27 million, a P/E ratio of -11.78 and a beta of 0.81. Couchbase, Inc. has a 1-year low of $13.53 and a 1-year high of $32.00. The business has a fifty day moving average price of $16.64 and a 200 day moving average price of $17.06.

Couchbase (NASDAQ:BASE) last issued its quarterly earnings data on Tuesday, December 3rd. The company reported ($0.35) earnings per share 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 in the previous year, the firm earned ($0.34) EPS. As a group, equities research analysts anticipate that Couchbase, Inc. will post -1.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BASE has been the topic of several research analyst reports. Guggenheim reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Couchbase in a research report on Wednesday, December 4th. Stifel Nicolaus upped their price objective on Couchbase from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Needham & Company LLC reiterated a “buy” rating and issued a $22.00 target price on shares of Couchbase in a report on Wednesday, December 4th. Royal Bank of Canada reiterated an “outperform” rating and issued a $25.00 target price on shares of Couchbase in a report on Wednesday, December 4th. Finally, Morgan Stanley lowered their target price on Couchbase from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Couchbase has a consensus rating of “Moderate Buy” and a consensus price target of $23.13.

Institutional Investors Weigh In On Couchbase

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. increased its holdings in shares of Couchbase by 15.9% in the third quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company’s stock valued at $112,000 after purchasing an additional 956 shares during the period. SG Americas Securities LLC grew its holdings in Couchbase by 12.2% during the fourth quarter. SG Americas Securities LLC now owns 13,546 shares of the company’s stock worth $211,000 after acquiring an additional 1,472 shares during the period. Olympiad Research LP acquired a new stake in Couchbase in the fourth quarter valued at approximately $248,000. Creative Planning grew its holdings in Couchbase by 59.0% in the third quarter. Creative Planning now owns 17,335 shares of the company’s stock valued at $279,000 after purchasing an additional 6,433 shares during the period. Finally, US Bancorp DE grew its holdings in Couchbase by 147.8% in the third quarter. US Bancorp DE now owns 19,528 shares of the company’s stock valued at $315,000 after purchasing an additional 11,648 shares during the period. 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.