Couchbase, Inc. (NASDAQ:BASE - Get Free Report) CEO Matthew M. Cain sold 10,053 shares of the firm's stock in a transaction on Monday, April 15th. The shares were sold at an average price of $24.15, for a total value of $242,779.95. Following the sale, the chief executive officer now directly owns 883,458 shares of the company's stock, valued at approximately $21,335,510.70. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Couchbase Stock Performance
Shares of NASDAQ BASE opened at $23.83 on Thursday. Couchbase, Inc. has a 52 week low of $13.97 and a 52 week high of $32.00. The stock has a market capitalization of $1.17 billion, a P/E ratio of -14.02 and a beta of 0.69. The stock's fifty day moving average is $26.91 and its 200 day moving average is $22.47.
Couchbase (NASDAQ:BASE - Get Free Report) last released its 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. Couchbase had a negative return on equity of 54.61% and a negative net margin of 44.54%. The firm had revenue of $50.09 million for the quarter, compared to analysts' expectations of $46.56 million. Equities research analysts forecast that Couchbase, Inc. will post -1.42 earnings per share for the current year.
Institutional Inflows and Outflows
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A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Legal & General Group Plc grew its position in Couchbase by 10.9% in the second quarter. Legal & General Group Plc now owns 6,307 shares of the company's stock valued at $103,000 after acquiring an additional 622 shares during the last quarter. American International Group Inc. grew its position in Couchbase by 6.3% in the second quarter. American International Group Inc. now owns 12,403 shares of the company's stock valued at $204,000 after acquiring an additional 736 shares during the last quarter. Nuveen Asset Management LLC grew its position in Couchbase by 0.9% in the fourth quarter. Nuveen Asset Management LLC now owns 84,707 shares of the company's stock valued at $1,908,000 after acquiring an additional 784 shares during the last quarter. Ameritas Investment Partners Inc. grew its position in Couchbase by 54.2% in the second quarter. Ameritas Investment Partners Inc. now owns 2,809 shares of the company's stock valued at $44,000 after acquiring an additional 987 shares during the last quarter. Finally, NBC Securities Inc. bought a new position in Couchbase in the first quarter valued at about $26,000. Institutional investors own 96.07% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company lifted their target price on Couchbase from $26.00 to $34.00 and gave the stock an "overweight" rating in a report on Tuesday, March 5th. The Goldman Sachs Group lifted their target price on Couchbase from $20.00 to $30.00 and gave the stock a "neutral" rating in a report on Thursday, March 7th. Stifel Nicolaus lifted their target price on Couchbase from $24.00 to $33.00 and gave the stock a "buy" rating in a report on Wednesday, March 6th. DA Davidson lifted their target price on Couchbase from $27.00 to $35.00 and gave the stock a "buy" rating in a report on Wednesday, March 6th. Finally, Guggenheim lifted their target price on Couchbase from $27.00 to $32.00 and gave the stock a "buy" rating in a report on Wednesday, March 6th. Three investment analysts have rated the stock with a hold rating and eight have issued 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 $32.40.
Get Our Latest Stock Analysis on BASE
Couchbase Company Profile
(
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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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