Index falls as earnings results weigh; pound above $1.33, Bodycote soars
In a recent transaction, Margaret Chow, the Senior Vice President and Chief Legal Officer of Couchbase , Inc. (NASDAQ:BASE), sold 12,915 shares of the company’s common stock. The shares were sold at a price of $14 each, amounting to a total of $180,810. According to InvestingPro data, the stock currently trades at $14.50, with an impressive gross profit margin of 88%. This sale was executed on March 20, 2025, as part of a pre-established Rule 10b5-1 trading plan adopted by Chow in September 2024.
Following this transaction, Chow retains ownership of 205,175 shares of Couchbase. This figure includes 311 shares acquired under the company’s 2021 Employee Stock Purchase Plan on the same day as the sale. Couchbase, a company known for its prepackaged software services, is based in Santa Clara, California. For a comprehensive analysis of Couchbase’s financial health and future prospects, including 6 additional exclusive ProTips, check out the detailed research report available on InvestingPro.
In other recent news, Couchbase reported fourth-quarter revenue of $54.9 million, surpassing analyst estimates of $53.25 million, marking a 10% year-over-year increase. The company’s Annual Recurring Revenue (ARR) reached $237.9 million, reflecting a 17% year-over-year growth, with a record Net New ARR of $19.5 million. Despite the revenue beat, Couchbase posted a wider-than-expected adjusted loss per share of -$0.30, missing the consensus forecast of -$0.08. DA Davidson maintained a Buy rating on Couchbase, with a $25 price target, highlighting the company’s ARR performance and conservative fiscal year 2026 guidance. Guggenheim also maintained a Buy rating but lowered its price target to $26, citing positive ARR outcomes and strategic importance for AI applications. Meanwhile, Goldman Sachs reduced its price target to $16, maintaining a Sell rating due to concerns over growth rates and competitive pressures. Additionally, Couchbase launched the Couchbase Edge Server to enhance performance in edge computing environments, addressing connectivity and resource constraints. The company also announced that CFO Greg Henry will depart, with Bill Carey stepping in as interim CFO.
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