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Insider Sale Alert: Couchbase Inc [BASE] – Is it Time to sell?

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Couchbase Inc’s recent filing unveils that its Director Carpenter Carol W. unloaded Company’s shares for reported $14400.0 on Oct 01 ’24. In the deal valued at $16.00 per share,900 shares were sold. As a result of this transaction, Carpenter Carol W. now holds 24,427 shares worth roughly $-0.41 million.

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Then, Henry Gregory N sold 2,908 shares, generating $43,661 in total proceeds. Upon selling the shares at $15.01, the SVP & Chief Financial Officer now owns 365,215 shares.

Before that, Henry Gregory N sold 1,100 shares. Couchbase Inc shares valued at $16,501 were divested by the SVP & Chief Financial Officer at a price of $15.00 per share. As a result of the transaction, Henry Gregory N now holds 368,123 shares, worth roughly $6.12 million.

Barclays upgraded its Couchbase Inc [BASE] rating to an Overweight from a an Equal weight in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in mid August with a ‘”an Overweight”‘ rating. Needham began covering BASE with “Buy” recommendation on June 26, 2024. Goldman revised its rating on June 06, 2024. It rated BASE as “a Sell” which previously was an “a Neutral”.

Price Performance Review of BASE

On Monday, Couchbase Inc [NASDAQ:BASE] saw its stock jump 3.29% to $16.62. Over the last five days, the stock has gained 7.92%. Couchbase Inc shares have fallen nearly -26.20% since the year began. Nevertheless, the stocks have risen 4.86% over the past one year. While a 52-week high of $32.00 was reached on 03/06/24, a 52-week low of $13.53 was recorded on 09/23/24. SMA at 50 days reached $16.37, while 200 days put it at $21.79.

Levels Of Support And Resistance For BASE Stock

The 24-hour chart illustrates a support level at 16.21, which if violated will result in even more drops to 15.79. On the upside, there is a resistance level at 16.90. A further resistance level may holdings at 17.17. The Relative Strength Index (RSI) on the 14-day chart is 59.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.24%. Stochastics %K at 88.82% indicates the stock is a selling.

How much short interest is there in Couchbase Inc?

A steep rise in short interest was recorded in Couchbase Inc stocks on 2024-09-30, dropping by -0.2 million shares to a total of 1.37 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.57 million shares. There was a decline of -14.4%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on May 22, 2024 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $31 price target.

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