Couchbase, Inc. (NASDAQ:BASE) Director Sells $158,739.33 in Stock

Couchbase, Inc. (NASDAQ:BASE) Director Lynn M. Christensen sold 7,933 shares of the stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $20.01, for a total value of $158,739.33. Following the sale, the director now directly owns 11,987 shares of the company’s stock, valued at $239,859.87. The trade was a 39.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Couchbase Stock Down 3.5%

BASE opened at $18.93 on Thursday. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of -13.82 and a beta of 0.82. The company’s 50-day moving average price is $17.68 and its two-hundred day moving average price is $16.79. Couchbase, Inc. has a twelve month low of $12.78 and a twelve month high of $21.54.

Couchbase (NASDAQ:BASE) last announced its earnings results on Tuesday, June 3rd. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $56.52 million for the quarter, compared to the consensus estimate of $55.59 million. During the same period last year, the firm posted ($0.10) earnings per share. Couchbase’s quarterly revenue was up 10.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Couchbase, Inc. will post -1.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on BASE shares. Wells Fargo & Company decreased their price objective on Couchbase from $23.00 to $20.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Needham & Company LLC reiterated a “buy” rating and issued a $22.00 target price on shares of Couchbase in a research report on Wednesday, June 4th. Barclays dropped their target price on shares of Couchbase from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Royal Bank Of Canada restated an “outperform” rating and set a $22.00 target price on shares of Couchbase in a report on Wednesday, June 4th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $20.00 price objective on shares of Couchbase in a research report on Monday, June 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Couchbase currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.65.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Rhumbline Advisers lifted its stake in shares of Couchbase by 26.2% in the 4th quarter. Rhumbline Advisers now owns 64,229 shares of the company’s stock valued at $1,001,000 after acquiring an additional 13,345 shares during the last quarter. Pembroke Management LTD lifted its holdings in Couchbase by 12.2% in the fourth quarter. Pembroke Management LTD now owns 898,842 shares of the company’s stock worth $14,013,000 after buying an additional 98,061 shares during the period. Maytree Asset Management Ltd purchased a new stake in Couchbase in the fourth quarter worth $376,000. Olympiad Research LP bought a new stake in Couchbase during the fourth quarter worth about $248,000. Finally, Bank of New York Mellon Corp increased its position in Couchbase by 8.3% during the 4th quarter. Bank of New York Mellon Corp now owns 134,799 shares of the company’s stock valued at $2,102,000 after buying an additional 10,333 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

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.