Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Couchbase Inc shares valued at $144,677 were sold by Chow Margaret on Apr 01 ’24. At $26.19 per share, Chow Margaret sold 5,525 shares. The insider’s holdings dropped to 210,429 shares worth approximately $5.3 million following the completion of this transaction.
Also, Owen Huw sold 11,581 shares, netting a total of over 310,201 in proceeds. Following the sale of shares at $26.79 each, the insider now holds 441,454 shares.
Before that, Henry Gregory N had sold 18,747 shares from its account. In a trade valued at $521,858, the SVP & Chief Financial Officer traded Couchbase Inc shares for $27.84 each. Upon closing the transaction, the insider’s holdings decreased to 18,747 shares, worth approximately $8.33 million.
As published in a research note from Barclays on February 20, 2024, Couchbase Inc [BASE] has been rated down from an Overweight to an Equal weight and the price target has been revised to $29 from $26. Analysts at Wells Fargo started covering the stock with ‘”an Overweight”‘ outlook in a report released in early January. As of December 14, 2023, Oppenheimer has reiterated its “an Outperform” rating for BASE. Earlier on December 07, 2023, Oppenheimer resumed its rating. Their recommendation was “an Outperform” for BASE stock.
Analyzing BASE Stock Performance
During the last five days, there has been a drop of approximately -4.15%. Over the course of the year, Couchbase Inc shares have jumped approximately 11.81%. Shares of the company reached a 52-week high of $32.00 on 03/06/24 and a 52-week low of $20.05 on 01/05/24. A 50-day SMA is recorded $27.08, while a 200-day SMA reached $20.27. Nevertheless, trading volume fell to 0.88 million shares from 0.42 million shares the previous day.
Support And Resistance Levels for Couchbase Inc (BASE)
According to the 24-hour chart, there is a support level at 24.50, which, if violated, would cause prices to drop to 23.81. In the upper region, resistance lies at 25.80. The next price resistance is at 26.41. RSI (Relative Strength Index) is 38.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.52, which suggests the price will decrease in the coming days. Percent R is at 81.20%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Couchbase Inc subject to short interest?
Stocks of Couchbase Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.33 million shares to 1.21 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 0.88 million shares. A jump of 27.32% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.13 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.13.
