Couchbase, Inc. (NASDAQ:BASE) CEO Sells $1,542,300.00 in Stock

Couchbase, Inc. (NASDAQ:BASE) CEO Matthew M. Cain sold 63,600 shares of the stock in a transaction on Friday, June 20th. The stock was sold at an average price of $24.25, for a total transaction of $1,542,300.00. Following the completion of the sale, the chief executive officer now owns 888,747 shares in the company, valued at approximately $21,552,114.75. This trade represents a 6.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Couchbase Stock Performance

Shares of BASE stock opened at $24.41 on Friday. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of -17.82 and a beta of 0.82. Couchbase, Inc. has a 52 week low of $12.78 and a 52 week high of $25.16. The firm’s 50-day simple moving average is $18.71 and its two-hundred day simple moving average is $17.03.

Couchbase (NASDAQ:BASE) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.02. Couchbase had a negative net margin of 33.23% and a negative return on equity of 55.25%. The company had revenue of $56.52 million for the quarter, compared to analyst estimates of $55.59 million. During the same quarter in the previous year, the firm posted ($0.10) earnings per share. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. Analysts forecast that Couchbase, Inc. will post -1.48 earnings per share for the current year.

Institutional Trading of Couchbase

Hedge funds and other institutional investors have recently bought and sold shares of the company. Irenic Capital Management LP purchased a new position in Couchbase in the 1st quarter worth approximately $26,356,000. Hood River Capital Management LLC boosted its position in Couchbase by 38.2% during the fourth quarter. Hood River Capital Management LLC now owns 2,738,468 shares of the company’s stock valued at $42,693,000 after buying an additional 756,394 shares during the period. Wasatch Advisors LP boosted its position in Couchbase by 72.0% during the fourth quarter. Wasatch Advisors LP now owns 1,703,267 shares of the company’s stock valued at $26,554,000 after buying an additional 712,936 shares during the period. Franklin Resources Inc. boosted its position in Couchbase by 26.8% during the fourth quarter. Franklin Resources Inc. now owns 2,089,104 shares of the company’s stock valued at $32,569,000 after buying an additional 441,770 shares during the period. Finally, Congress Asset Management Co. purchased a new stake in Couchbase during the first quarter valued at about $5,650,000. Institutional investors own 96.07% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on BASE. Royal Bank Of Canada lowered shares of Couchbase from a “moderate buy” rating to a “hold” rating in a report on Friday, June 20th. Baird R W lowered shares of Couchbase from a “strong-buy” rating to a “hold” rating in a report on Monday. Rosenblatt Securities lowered shares of Couchbase from a “strong-buy” rating to a “hold” rating and raised their price objective for the stock from $22.00 to $24.50 in a report on Friday, June 20th. Wells Fargo & Company lowered shares of Couchbase from a “strong-buy” rating to a “hold” rating and raised their price objective for the stock from $20.00 to $24.50 in a report on Friday, June 20th. Finally, UBS Group raised their target price on shares of Couchbase from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, June 4th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $23.09.

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.