Investing in Couchbase Inc. (BASE) Is Getting More Attractive


Couchbase Inc.’s filing revealed that its SVP & Chief Legal Officer Chow Margaret unloaded Company’s shares for reported $17954.0 on Mar 02. In the deal valued at $15.28 per share,1,175 shares were sold. As a result of this transaction, Chow Margaret now holds 111,669 shares worth roughly $ 1.56 million.

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Then, Owen Huw sold 1,870 shares, generating $30,221 in total proceeds. Upon selling the shares at $16.16, the SVP & Chief Revenue Officer now owns 402,237 shares.

Before that, Owen Huw sold 13,475 shares. Couchbase Inc. shares valued at $211,062 were divested by the SVP & Chief Revenue Officer at a price of $15.66 per share. As a result of the transaction, Owen Huw now holds 404,107 shares, worth roughly $5.63 million.

Guggenheim initiated its Couchbase Inc. [BASE] rating to a Buy in a research note published on Tuesday, January 27, 2023; the price target was $20. PT values the company’s stock at a premium of 30.3 to its Tuesday closing price. A number of analysts have revised their coverage, including Wedbush’s analysts, who began to cover the stock in mid December with a ‘”a Neutral”‘ rating. DA Davidson began covering BASE with “Buy” recommendation on June 15, 2022. William Blair started covering the stock on August 16, 2021. It rated BASE as “an Outperform”.

Price Performance Review of BASE

On Tuesday, Couchbase Inc. [NASDAQ:BASE] saw its stock fall -8.83% to $13.94. On the same session, the stock had its day’s lowest price of $13.16, but rose to a high of $14.70. Over the last five days, the stock has lost -14.48%. Couchbase Inc. shares have risen nearly 5.13% since the year began. Nevertheless, the stocks have fallen -11.88% over the past one year. While a 52-week high of $19.97 was reached on 03/08/23, a 52-week low of $10.19 was recorded on 01/05/23. SMA at 50 days reached $15.01, while 200 days put it at $14.80. A total of 0.77 million shares were traded, compared to the trading of 0.26 million shares in the previous session.

Levels Of Support And Resistance For BASE Stock

The 24-hour chart illustrates a support level at 13.17, which if violated will result in even more drops to 12.39. On the upside, there is a resistance level at 14.71. A further resistance level may holdings at 15.47. The Relative Strength Index (RSI) on the 14-day chart is 37.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.78%. Stochastics %K at 20.27% indicates the stock is a holding.

How much short interest is there in Couchbase Inc.?

A steep rise in short interest was recorded in Couchbase Inc. stocks on Jan 30, 2023, dropping by -0.13 million shares to a total of 0.99 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 1.12 million shares. There was a decline of -13.53%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.42% of the overall stock float, the days-to-cover ratio (short ratio) fell to 7.79.

Couchbase Inc. [BASE] – Who Are The Largest Shareholders?

In filings from GPI Capital LP, it is revealed that the company now owns 4,369,543 shares, or roughly 9.67% of the outstanding BASE shares. Additionally, The Vanguard Group, Inc. increased 3.24% of its stake after which the total value it holdings stand at $41,110,581, while EVR Research LP added 11.89% of its stake to hold $38.57 million in the firm. Over the last quarter, BAMCO, Inc. purchased 33,046 shares of Couchbase Inc., while Solel Partners LP bought 648,053 shares. At present, BlackRock Fund Advisors is holding 1,635,639 shares valued at $26.6 million. Portolan Capital Management LLC owned 939,948 shares of the company at the time of its most recent 13F filing, worth $15.28 million.

According to FactSet, Couchbase Inc.’s share price will average $19.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 27.53 percent from its previous closing price of $15.29. Analysts expect Couchbase Inc. stock to reach the higher price of $22.00, while the lowest price estimate is $16.00. However, 11 analysts have rated BASE stock as an Overweight in their predictions for 2023. The most recent change occurred on August 16, 2021 when Stifel began covering the stock and recommended ‘”a Buy”‘ rating along with a $43 price target.


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