Couchbase, Inc. (NASDAQ:BASE) SVP Margaret Chow Sells 3,934 Shares

Couchbase, Inc. (NASDAQ:BASE) SVP Margaret Chow sold 3,934 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $27.53, for a total transaction of $108,303.02. Following the transaction, the senior vice president now owns 210,429 shares of the company’s stock, valued at approximately $5,793,110.37. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Margaret Chow also recently made the following trade(s):

• On Monday, May 20th, Margaret Chow sold 1,066 shares of Couchbase stock. The stock was sold at an average price of $27.50, for a total transaction of $29,315.00.
• On Wednesday, March 6th, Margaret Chow sold 10,000 shares of Couchbase stock. The shares were sold at an average price of $30.53, for a total transaction of $305,300.00.

Couchbase Price Performance

NASDAQ:BASE opened at $26.28 on Friday. Couchbase, Inc. has a one year low of $13.97 and a one year high of $32.00. The company has a market cap of $1.32 billion, a PE ratio of -15.46 and a beta of 0.72. The firm has a 50-day moving average of $25.76 and a 200-day moving average of $24.19.

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on BASE shares. DA Davidson boosted their price objective on Couchbase from $27.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Oppenheimer boosted their price target on Couchbase from $25.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. UBS Group began coverage on shares of Couchbase in a research report on Wednesday. They set a “neutral” rating and a $31.00 price objective for the company. Guggenheim increased their target price on shares of Couchbase from $27.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Finally, Royal Bank of Canada lifted their price target on shares of Couchbase from $32.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Couchbase currently has an average rating of “Moderate Buy” and an average price target of $32.27.

Institutional Investors Weigh In On Couchbase

Several institutional investors have recently bought and sold shares of BASE. Vanguard Group Inc. lifted its stake in Couchbase by 6.0% during the 1st quarter. Vanguard Group Inc. now owns 4,029,423 shares of the company’s stock valued at $106,014,000 after acquiring an additional 227,828 shares in the last quarter. Hood River Capital Management LLC raised its holdings in shares of Couchbase by 4.9% in the first quarter. Hood River Capital Management LLC now owns 1,511,521 shares of the company’s stock valued at $39,768,000 after purchasing an additional 70,766 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in shares of Couchbase during the first quarter valued at about $9,059,000. Acadian Asset Management LLC boosted its holdings in Couchbase by 346.2% during the first quarter. Acadian Asset Management LLC now owns 263,439 shares of the company’s stock worth $6,928,000 after purchasing an additional 204,396 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Couchbase by 8.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 250,472 shares of the company’s stock valued at $5,641,000 after buying an additional 19,256 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

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.