Couchbase (NASDAQ:BASE) Trading Down 4.9% Following Insider Selling

Couchbase, Inc. (NASDAQ:BASE) shares dropped 4.9% on Wednesday after an insider sold shares in the company. The company traded as low as $17.50 and last traded at $17.38. Approximately 26,872 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 416,011 shares. The stock had previously closed at $18.27.

Specifically, SVP Huw Owen sold 14,742 shares of the company’s stock in a transaction dated Friday, January 24th. The shares were 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 in the company, valued at $5,618,080.55. This represents a 4.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Analyst Ratings Changes

Several research firms have commented on BASE. Truist Financial assumed coverage on Couchbase in a research note on Thursday, December 12th. They set a “buy” rating and a $21.00 price objective for the company. Piper Sandler reiterated an “overweight” rating and set a $21.00 price target on shares of Couchbase in a research report on Wednesday, December 4th. Guggenheim restated a “buy” rating and issued a $30.00 price objective on shares of Couchbase in a report on Wednesday, December 4th. DA Davidson reaffirmed a “buy” rating and set a $25.00 target price on shares of Couchbase in a report on Wednesday, December 4th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $25.00 target price on shares of Couchbase in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Couchbase has a consensus rating of “Moderate Buy” and an average target price of $23.13.

Couchbase Stock Down 4.3 %

The stock has a 50-day moving average price of $16.90 and a 200 day moving average price of $17.07. The firm has a market capitalization of $914.55 million, a price-to-earnings ratio of -10.92 and a beta of 0.79.

Couchbase (NASDAQ:BASE) last announced its quarterly earnings results on Tuesday, December 3rd. The company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.27). Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. During the same period in the previous year, the company earned ($0.34) EPS. As a group, equities analysts forecast that Couchbase, Inc. will post -1.48 earnings per share for the current fiscal year.

Institutional Trading of Couchbase

Several institutional investors and hedge funds have recently bought and sold shares of BASE. Barclays PLC increased its stake in Couchbase by 242.9% in the third quarter. Barclays PLC now owns 75,602 shares of the company’s stock valued at $1,218,000 after purchasing an additional 53,555 shares during the period. Charles Schwab Investment Management Inc. increased its position in Couchbase by 33.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 369,190 shares of the company’s stock valued at $5,951,000 after acquiring an additional 93,301 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Couchbase during the 3rd quarter valued at approximately $772,000. 272 Capital LP acquired a new stake in Couchbase during the 3rd quarter worth approximately $3,720,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Couchbase by 169.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 192,216 shares of the company’s stock valued at $3,099,000 after purchasing an additional 120,975 shares during the last quarter. Hedge funds and other 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.