Couchbase, Inc. (NASDAQ:BASE - Get Free Report) CFO Gregory N. Henry sold 1,100 shares of Couchbase stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $15.00, for a total value of $16,500.00. Following the completion of the transaction, the chief financial officer now directly owns 368,123 shares of the company's stock, valued at $5,521,845. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Couchbase Stock Up 5.5 %
BASE stock opened at $16.12 on Tuesday. The business has a 50 day moving average price of $17.14 and a 200 day moving average price of $20.77. The stock has a market cap of $811.00 million, a price-to-earnings ratio of -9.83 and a beta of 0.61. Couchbase, Inc. has a fifty-two week low of $13.53 and a fifty-two week high of $32.00.
Couchbase (NASDAQ:BASE - Get Free Report) last issued its quarterly earnings data on Wednesday, September 4th. The company reported ($0.06) earnings per share for the quarter, beating analysts' consensus estimates of ($0.09) by $0.03. Couchbase had a negative return on equity of 54.84% and a negative net margin of 39.51%. The company had revenue of $51.60 million during the quarter, compared to analysts' expectations of $51.11 million. During the same quarter in the previous year, the business earned ($0.44) earnings per share. The firm's revenue for the quarter was up 19.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Couchbase, Inc. will post -1.5 EPS for the current year.
Institutional Investors Weigh In On Couchbase
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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Couchbase by 6.0% in the first quarter. Vanguard Group Inc. now owns 4,029,423 shares of the company's stock valued at $106,014,000 after buying an additional 227,828 shares during the last quarter. EVR Research LP lifted its stake in Couchbase by 9.4% in the second quarter. EVR Research LP now owns 2,081,585 shares of the company's stock valued at $38,010,000 after buying an additional 179,585 shares during the last quarter. Hood River Capital Management LLC lifted its stake in Couchbase by 7.8% in the second quarter. Hood River Capital Management LLC now owns 1,629,893 shares of the company's stock valued at $29,762,000 after buying an additional 118,372 shares during the last quarter. Pembroke Management LTD lifted its stake in Couchbase by 18.1% in the second quarter. Pembroke Management LTD now owns 809,876 shares of the company's stock valued at $14,788,000 after buying an additional 123,927 shares during the last quarter. Finally, Lord Abbett & CO. LLC purchased a new stake in Couchbase in the first quarter valued at approximately $9,059,000. Hedge funds and other institutional investors own 96.07% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have weighed in on the company. Wells Fargo & Company dropped their target price on Couchbase from $30.00 to $23.00 and set an "overweight" rating for the company in a research report on Thursday, September 5th. Oppenheimer decreased their price objective on Couchbase from $25.00 to $23.00 and set an "outperform" rating for the company in a research note on Thursday, September 5th. Morgan Stanley decreased their price objective on Couchbase from $29.00 to $27.00 and set an "equal weight" rating for the company in a research note on Thursday, September 5th. Guggenheim reiterated a "buy" rating and issued a $30.00 price objective on shares of Couchbase in a research note on Tuesday, June 25th. Finally, Stifel Nicolaus decreased their price objective on Couchbase from $25.00 to $20.00 and set a "buy" rating for the company in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $22.93.
View Our Latest Stock Report on Couchbase
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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