Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Couchbase Inc shares valued at $47,960 were sold by Owen Huw on Jan 06 ’25. At $16.02 per share, Owen Huw sold 2,993 shares. The insider’s holdings dropped to 325,993 shares worth approximately $5.71 million following the completion of this transaction.
Also, Carpenter Carol W. sold 900 shares, netting a total of over 13,948 in proceeds. Following the sale of shares at $15.50 each, the insider now holds 21,727 shares.
Before that, Henry Gregory N had sold 22,304 shares from its account. In a trade valued at $345,672, the SVP & Chief Financial Officer traded Couchbase Inc shares for $15.50 each. Upon closing the transaction, the insider’s holdings decreased to 22,304 shares, worth approximately $5.5 million.
As published in their initiating research note from Truist on December 12, 2024, Couchbase Inc [BASE] has been a Buy and the price target has been revised to $21. As of October 07, 2024, Barclays has increased its “an Equal weight” rating to a “an Overweight” for BASE. Earlier on August 16, 2024, Piper Sandler initiated its rating. Their recommendation was “an Overweight” for BASE stock.
Analyzing BASE Stock Performance
During the last five days, there has been a surge of approximately 9.44%. Over the course of the year, Couchbase Inc shares have jumped approximately 12.32%. Shares of the company reached a 52-week high of $17.53 on 01/23/25 and a 52-week low of $15.14 on 01/02/25. A 50-day SMA is recorded $17.31, while a 200-day SMA reached $18.81. Nevertheless, trading volume fell to 0.51 million shares from 0.32 million shares the previous day.
Support And Resistance Levels for Couchbase Inc (BASE)
According to the 24-hour chart, there is a support level at 17.01, which, if violated, would cause prices to drop to 16.51. In the upper region, resistance lies at 17.77. The next price resistance is at 18.03. RSI (Relative Strength Index) is 65.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.84, which suggests the price will decrease in the coming days. Percent R is at 0.84%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
