Couchbase Inc’s recent filing unveils that its SVP & Chief Legal Officer Chow Margaret unloaded Company’s shares for reported $0.14 million on Apr 01 ’24. In the deal valued at $26.19 per share,5,525 shares were sold. As a result of this transaction, Chow Margaret now holds 210,429 shares worth roughly $5.66 million.
Then, Owen Huw sold 11,581 shares, generating $310,201 in total proceeds. Upon selling the shares at $26.79, the SVP & Chief Revenue Officer now owns 441,454 shares.
Before that, Henry Gregory N sold 18,747 shares. Couchbase Inc shares valued at $521,858 were divested by the SVP & Chief Financial Officer at a price of $27.84 per share. As a result of the transaction, Henry Gregory N now holds 330,652 shares, worth roughly $8.9 million.
Barclays downgraded its Couchbase Inc [BASE] rating to an Equal weight from a an Overweight in a research note published on February 20, 2024; the price target was increased to $29 from $26. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in early January with a ‘”an Overweight”‘ rating. Oppenheimer also remained covering BASE and reiterated its “an Outperform” recommendation on December 14, 2023. Oppenheimer maintained its rating on December 07, 2023. It rated BASE as “an Outperform”.
Price Performance Review of BASE
On Friday, Couchbase Inc [NASDAQ:BASE] saw its stock jump 3.06% to $26.91. Over the last five days, the stock has gained 2.28%. Couchbase Inc shares have risen nearly 19.49% since the year began. Nevertheless, the stocks have risen 97.14% over the past one year. While a 52-week high of $32.00 was reached on 03/06/24, a 52-week low of $13.28 was recorded on 01/05/24. SMA at 50 days reached $27.00, while 200 days put it at $20.11. A total of 0.56 million shares were traded, compared to the trading of 0.27 million shares in the previous session.
Levels Of Support And Resistance For BASE Stock
The 24-hour chart illustrates a support level at 26.31, which if violated will result in even more drops to 25.72. On the upside, there is a resistance level at 27.29. A further resistance level may holdings at 27.68. The Relative Strength Index (RSI) on the 14-day chart is 51.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.83%. Stochastics %K at 33.53% 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 Mar 15, 2024, growing by 0.33 million shares to a total of 1.21 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 0.88 million shares. There was a rise of 27.32%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.40% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.13.
The most recent change occurred on January 27, 2023 when Guggenheim began covering the stock and recommended ‘”a Buy”‘ rating along with a $20 price target.
