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Taking a Closer Look At Couchbase Inc (BASE) Following Its Recent Trade

Couchbase Inc’s filing revealed that its Chair, President, and CEO Cain Matthew M unloaded Company’s shares for reported $0.24 million on Apr 15 ’24. In the deal valued at $24.15 per share,10,053 shares were sold. As a result of this transaction, Cain Matthew M now holds 883,458 shares worth roughly $22.96 million.

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Then, Chow Margaret sold 5,525 shares, generating $144,677 in total proceeds. Upon selling the shares at $26.19, the SVP & Chief Legal Officer now owns 210,429 shares.

Before that, Owen Huw sold 11,581 shares. Couchbase Inc shares valued at $310,201 were divested by the SVP & Chief Revenue Officer at a price of $26.79 per share. As a result of the transaction, Owen Huw now holds 441,454 shares, worth roughly $11.47 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 Tuesday, Couchbase Inc [NASDAQ:BASE] saw its stock fall -0.35% to $25.99. Over the last five days, the stock has lost -0.15%. Couchbase Inc shares have risen nearly 15.41% since the year began. Nevertheless, the stocks have risen 58.67% over the past one year. While a 52-week high of $32.00 was reached on 03/06/24, a 52-week low of $13.97 was recorded on 01/05/24. SMA at 50 days reached $25.89, while 200 days put it at $21.40. A total of 0.45 million shares were traded, compared to the trading of 0.33 million shares in the previous session.

Levels Of Support And Resistance For BASE Stock

The 24-hour chart illustrates a support level at 25.75, which if violated will result in even more drops to 25.51. On the upside, there is a resistance level at 26.43. A further resistance level may holdings at 26.87. The Relative Strength Index (RSI) on the 14-day chart is 55.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.70, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.28%. Stochastics %K at 78.02% indicates the stock is a holding.

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.

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