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 the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $24.15, for a total value of $242,779.95. Following the transaction, 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 filing with the SEC, which is available through this hyperlink.

Couchbase Stock Down 2.6 %

Shares of BASE stock opened at $22.90 on Friday. The stock has a 50-day simple moving average of $26.73 and a 200 day simple moving average of $22.52. Couchbase, Inc. has a fifty-two week low of $13.97 and a fifty-two week high of $32.00. The stock has a market capitalization of $1.13 billion, a P/E ratio of -13.47 and a beta of 0.69.

Couchbase (NASDAQ:BASE) last announced its earnings results on Tuesday, March 5th. The company reported ($0.32) earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.03. Couchbase had a negative return on equity of 54.61% and a negative net margin of 44.54%. The business had revenue of $50.09 million during the quarter, compared to analysts’ expectations of $46.56 million. On average, sell-side analysts anticipate that Couchbase, Inc. will post -1.42 earnings per share for the current year.

Institutional Investors Weigh In On Couchbase

Several hedge funds have recently modified their holdings of BASE. Swiss National Bank lifted its holdings in shares of Couchbase by 7.9% during the first quarter. Swiss National Bank now owns 25,800 shares of the company’s stock valued at $449,000 after purchasing an additional 1,900 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Couchbase by 698.1% during the first quarter. JPMorgan Chase & Co. now owns 46,673 shares of the company’s stock valued at $813,000 after purchasing an additional 40,825 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Couchbase by 130.7% during the first quarter. Bank of New York Mellon Corp now owns 64,384 shares of the company’s stock valued at $1,122,000 after purchasing an additional 36,474 shares during the last quarter. MetLife Investment Management LLC purchased a new stake in shares of Couchbase during the first quarter valued at $255,000. Finally, Metropolitan Life Insurance Co NY purchased a new stake in shares of Couchbase during the first quarter valued at $30,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Oppenheimer upped their price objective on Couchbase from $25.00 to $36.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Stifel Nicolaus increased their price target on Couchbase from $24.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Barclays increased their price target on Couchbase from $29.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 6th. Robert W. Baird increased their price target on Couchbase from $28.00 to $35.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Finally, The Goldman Sachs Group increased their price target on Couchbase from $20.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Couchbase presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.40.

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.