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Understanding the Risks of Investing in Couchbase Inc (BASE)

Couchbase Inc’s recent filing unveils that its Director Carpenter Carol W. unloaded Company’s shares for reported $17352.0 on Sep 03 ’24. In the deal valued at $19.28 per share,900 shares were sold. As a result of this transaction, Carpenter Carol W. now holds 25,327 shares worth roughly $0.38 million.

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Then, Carpenter Carol W. sold 900 shares, generating $17,154 in total proceeds. Upon selling the shares at $19.06, the Director now owns 26,227 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 $0.42 million.

Piper Sandler initiated its Couchbase Inc [BASE] rating to an Overweight in a research note published on August 16, 2024; the price target was $22. A number of analysts have revised their coverage, including Needham’s analysts, who began to cover the stock in late June with a ‘”a Buy”‘ rating. Goldman also remained covering BASE and has decreased its forecast on June 06, 2024 with a “Sell” recommendation from previously “Neutral” rating. UBS started covering the stock on May 22, 2024. It rated BASE as “a Neutral”.

Price Performance Review of BASE

On Friday, Couchbase Inc [NASDAQ:BASE] saw its stock jump 0.20% to $14.86. Over the last five days, the stock has lost -6.25%. Couchbase Inc shares have fallen nearly -34.01% since the year began. Nevertheless, the stocks have fallen -20.92% 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 09/12/24. SMA at 50 days reached $17.89, while 200 days put it at $22.50.

Levels Of Support And Resistance For BASE Stock

The 24-hour chart illustrates a support level at 14.50, which if violated will result in even more drops to 14.13. On the upside, there is a resistance level at 15.34. A further resistance level may holdings at 15.81. The Relative Strength Index (RSI) on the 14-day chart is 29.48, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.98%. Stochastics %K at 3.48% indicates the stock is a buying.

How much short interest is there in Couchbase Inc?

A steep rise in short interest was recorded in Couchbase Inc stocks on 2024-08-30, growing by 0.23 million shares to a total of 1.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 1.33 million shares. There was a rise of 14.95%, which implies that there is a positive sentiment for the stock.

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