Couchbase, Inc. (NASDAQ:BASE) SVP Sells $115,291.50 in Stock

Couchbase, Inc. (NASDAQ:BASE) SVP Huw Owen sold 7,575 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $15.22, for a total transaction of $115,291.50. Following the transaction, the senior vice president now owns 341,709 shares in the company, valued at $5,200,810.98. This represents a 2.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Huw Owen also recently made the following trade(s):

• On Friday, September 27th, Huw Owen sold 6,736 shares of Couchbase stock. The stock was sold at an average price of $15.07, for a total value of $101,511.52.

Couchbase Trading Down 2.2 %

Shares of BASE stock opened at $15.24 on Friday. The stock has a market cap of $797.78 million, a P/E ratio of -9.53 and a beta of 0.71. Couchbase, Inc. has a 1 year low of $13.53 and a 1 year high of $32.00. The stock has a 50 day simple moving average of $17.52 and a 200 day simple moving average of $17.27.

Institutional Investors Weigh In On Couchbase

Institutional investors and hedge funds have recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC bought a new position in Couchbase in the 2nd quarter valued at about $47,000. Point72 Hong Kong Ltd acquired a new stake in shares of Couchbase during the 2nd quarter worth approximately $67,000. Harbor Capital Advisors Inc. increased its stake in Couchbase by 15.9% in the third quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company’s stock valued at $112,000 after acquiring an additional 956 shares during the last quarter. Arizona State Retirement System raised its position in Couchbase by 28.5% during the second quarter. Arizona State Retirement System now owns 11,032 shares of the company’s stock valued at $201,000 after purchasing an additional 2,445 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its position in Couchbase by 5.7% during the second quarter. Point72 Asset Management L.P. now owns 13,000 shares of the company’s stock valued at $237,000 after purchasing an additional 700 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BASE. DA Davidson reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Couchbase in a research report on Wednesday, December 4th. Oppenheimer cut their price target on Couchbase from $25.00 to $23.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. Wedbush began coverage on shares of Couchbase in a report on Thursday, October 17th. They issued an “outperform” rating and a $26.00 price objective on the stock. UBS Group dropped their price objective on shares of Couchbase from $24.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Finally, Stifel Nicolaus lifted their target price on shares of Couchbase from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $23.13.

Couchbase Company Profile

Couchbase, Inc provides cloud database platform for enterprise applications in the United States and internationally. Its database works in multiple configurations, ranging from cloud to multi- or hybrid-cloud to on-premise environments to the edge. The company offers Couchbase Capella, an automated and secure Database-as-a-Service that simplifies database management by deploying, managing, and operating Couchbase Server across cloud environments; and Couchbase Server, a multi-service NoSQL database, which provides SQL-compatible query language and SQL++ that allows for a various array of data manipulation functions.