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BASE (Couchbase Inc) may reap gains as insiders became active recently

Couchbase Inc’s filing revealed that its Director Carpenter Carol W. unloaded Company’s shares for reported $17154.0 on Aug 01 ’24. In the deal valued at $19.06 per share,900 shares were sold. As a result of this transaction, Carpenter Carol W. now holds 26,227 shares worth roughly $0.47 million.

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Then, Epstein Jeff sold 7,277 shares, generating $146,265 in total proceeds. Upon selling the shares at $20.10, the Director now owns 28,027 shares.

Before that, Epstein Jeff sold 12,723 shares. Couchbase Inc shares valued at $254,625 were divested by the Director at a price of $20.01 per share. As a result of the transaction, Epstein Jeff now holds 28,027 shares, worth roughly $0.5 million.

Needham initiated its Couchbase Inc [BASE] rating to a Buy in a research note published on June 26, 2024; the price target was $22. A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in early June from “a Neutral” to “a Sell”. UBS began covering BASE with “Neutral” recommendation on May 22, 2024. Barclays revised its rating on February 20, 2024. It rated BASE as “an Equal weight” which previously was an “an Overweight”.

Price Performance Review of BASE

On Tuesday, Couchbase Inc [NASDAQ:BASE] saw its stock jump 2.72% to $17.76. Over the last five days, the stock has gained 3.08%. Couchbase Inc shares have fallen nearly -21.14% since the year began. Nevertheless, the stocks have risen 17.00% over the past one year. While a 52-week high of $32.00 was reached on 03/06/24, a 52-week low of $14.12 was recorded on 06/20/24. SMA at 50 days reached $18.24, while 200 days put it at $22.42.

Levels Of Support And Resistance For BASE Stock

The 24-hour chart illustrates a support level at 17.37, which if violated will result in even more drops to 16.98. On the upside, there is a resistance level at 17.96. A further resistance level may holdings at 18.16. The Relative Strength Index (RSI) on the 14-day chart is 45.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.21%. Stochastics%K at 26.94% 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 , dropping by -0.1 million shares to a total of 1.33 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 1.44 million shares. There was a decline of -7.72%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on January 08, 2024 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating along with a $26 price target.

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