Couchbase, Inc. (NASDAQ:BASE – Get Free Report) CFO Gregory N. Henry sold 1,100 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $15.00, for a total transaction of $16,500.00. Following the completion of the sale, the chief financial officer now directly owns 368,123 shares of the company’s stock, valued at $5,521,845. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Couchbase Price Performance
Couchbase stock traded up $0.84 during trading hours on Monday, hitting $16.12. 838,162 shares of the stock traded hands, compared to its average volume of 505,859. Couchbase, Inc. has a 1 year low of $13.53 and a 1 year high of $32.00. The stock has a market capitalization of $811.00 million, a price-to-earnings ratio of -9.57 and a beta of 0.61. The firm’s 50 day moving average price is $17.20 and its 200-day moving average price is $20.85.
Couchbase (NASDAQ:BASE – Get Free Report) last announced its quarterly earnings data on Wednesday, September 4th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.03. The business had revenue of $51.60 million during the quarter, compared to analysts’ expectations of $51.11 million. Couchbase had a negative net margin of 39.51% and a negative return on equity of 54.84%. The business’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.44) EPS. Research analysts forecast that Couchbase, Inc. will post -1.5 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Couchbase
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on BASE shares. Guggenheim reaffirmed a “buy” rating and issued a $30.00 price target on shares of Couchbase in a research report on Tuesday, June 25th. Piper Sandler lowered their target price on Couchbase from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Thursday, September 5th. Piper Sandler Companies initiated coverage on Couchbase in a report on Friday, August 16th. They issued an “overweight” rating and a $22.00 price target on the stock. Barclays decreased their price objective on Couchbase from $20.00 to $19.00 and set an “equal weight” rating for the company in a research note on Thursday, September 5th. Finally, Robert W. Baird reduced their price target on Couchbase from $32.00 to $27.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $22.93.
Read Our Latest Analysis on Couchbase
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.
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