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Couchbase Inc (BASE) receives an Outperform rating from Wedbush

In a filing, Couchbase Inc revealed 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 $0.42 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 $6.4 million.

A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in early October from “an Equal weight” to “an Overweight”. Piper Sandler began covering BASE with “an Overweight” recommendation on August 16, 2024. Needham started covering the stock on June 26, 2024. It rated BASE as “a Buy”.

Price Performance Review of BASE

On Friday, Couchbase Inc [NASDAQ:BASE] saw its stock jump 1.82% to $17.38. Over the last five days, the stock has gained 8.02%. Couchbase Inc shares have fallen nearly -22.82% since the year began. Nevertheless, the stocks have risen 14.80% 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 $16.34, while 200 days put it at $21.70.

Levels Of Support And Resistance For BASE Stock

The 24-hour chart illustrates a support level at 17.11, which if violated will result in even more drops to 16.85. On the upside, there is a resistance level at 17.65. A further resistance level may holdings at 17.93. The Relative Strength Index (RSI) on the 14-day chart is 63.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.14, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.05%. Stochastics %K at 84.91% 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.

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