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 $242,815 were sold by Cain Matthew M on Apr 15 ’24. At $24.15 per share, Cain Matthew M sold 10,053 shares. The insider’s holdings dropped to 883,458 shares worth approximately $21.4 million following the completion of this transaction.
Also, Chow Margaret sold 5,525 shares, netting a total of over 144,677 in proceeds. Following the sale of shares at $26.19 each, the insider now holds 210,429 shares.
Before that, Owen Huw had sold 11,581 shares from its account. In a trade valued at $310,201, the SVP & Chief Revenue Officer traded Couchbase Inc shares for $26.79 each. Upon closing the transaction, the insider’s holdings decreased to 11,581 shares, worth approximately $10.69 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 surge of approximately 0.67%. Over the course of the year, Couchbase Inc shares have jumped approximately 7.55%. 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 $26.22, while a 200-day SMA reached $20.96. Nevertheless, trading volume fell to 0.51 million shares from 0.35 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 23.60, which, if violated, would cause prices to drop to 22.99. In the upper region, resistance lies at 24.89. The next price resistance is at 25.57. RSI (Relative Strength Index) is 44.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.28, which suggests the price will decrease in the coming days. Percent R is at 46.25%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
