Couchbase, Inc. (NASDAQ:BASE – Get Free Report)’s stock price traded down 4.9% during trading on Wednesday after an insider sold shares in the company. The stock traded as low as $17.50 and last traded at $17.38. 26,872 shares changed hands during trading, a decline of 94% from the average session volume of 416,011 shares. The stock had previously closed at $18.27.
Specifically, SVP Huw Owen sold 14,742 shares of the firm’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $18.05, for a total transaction of $266,093.10. Following the completion of the transaction, the senior vice president now owns 311,251 shares of the company’s stock, valued at approximately $5,618,080.55. This trade represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on BASE shares. Robert W. Baird decreased their price objective on Couchbase from $27.00 to $25.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 4th. Guggenheim reaffirmed a “buy” rating and set a $30.00 price target on shares of Couchbase in a research note on Wednesday, December 4th. Wedbush started coverage on shares of Couchbase in a research report on Thursday, October 17th. They issued an “outperform” rating and a $26.00 price objective for the company. Needham & Company LLC restated a “buy” rating and set a $22.00 target price on shares of Couchbase in a research report on Wednesday, December 4th. Finally, Barclays boosted their price target on Couchbase from $19.00 to $23.00 and gave the company an “overweight” rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $23.13.
Couchbase Trading Down 0.5 %
The firm has a 50 day moving average price of $16.83 and a two-hundred day moving average price of $17.07. The firm has a market capitalization of $909.84 million, a price-to-earnings ratio of -10.86 and a beta of 0.79.
Couchbase (NASDAQ:BASE – Get Free Report) last announced its quarterly earnings results 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 net margin of 39.31% and a negative return on equity of 57.22%. During the same quarter last year, the firm earned ($0.34) EPS. As a group, research analysts forecast that Couchbase, Inc. will post -1.48 earnings per share for the current year.
Institutional Trading of Couchbase
Several large investors have recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. grew its stake 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 buying an additional 956 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in Couchbase by 5.7% in the 2nd quarter. Point72 Asset Management L.P. now owns 13,000 shares of the company’s stock worth $237,000 after acquiring an additional 700 shares during the period. SG Americas Securities LLC grew its position in Couchbase by 12.2% in the fourth quarter. SG Americas Securities LLC now owns 13,546 shares of the company’s stock valued at $211,000 after acquiring an additional 1,472 shares in the last quarter. Creative Planning raised its stake in shares of Couchbase by 59.0% during 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 lifted its position in shares of Couchbase by 147.8% during the third quarter. US Bancorp DE now owns 19,528 shares of the company’s stock worth $315,000 after purchasing an additional 11,648 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.
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.
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