Couchbase, Inc. (NASDAQ:BASE) SVP Sells $47,947.86 in Stock

Couchbase, Inc. (NASDAQ:BASE) SVP Huw Owen sold 2,993 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $16.02, for a total value of $47,947.86. Following the completion of the transaction, the senior vice president now directly owns 325,993 shares in the company, valued at $5,222,407.86. The trade was a 0.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, December 23rd, Huw Owen sold 7,575 shares of Couchbase stock. The shares were sold at an average price of $15.22, for a total value of $115,291.50.

Couchbase Stock Performance

Shares of BASE stock opened at $15.80 on Friday. The firm has a fifty day moving average of $17.39 and a 200-day moving average of $17.17. The stock has a market cap of $827.10 million, a price-to-earnings ratio of -9.88 and a beta of 0.79. Couchbase, Inc. has a 52-week low of $13.53 and a 52-week high of $32.00.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BASE. Barclays upped their price objective on shares of Couchbase from $19.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Morgan Stanley decreased their price target on shares of Couchbase from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Wednesday, December 4th. Wedbush began coverage on Couchbase in a research note on Thursday, October 17th. They issued an “outperform” rating and a $26.00 price objective on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $25.00 target price on shares of Couchbase in a report on Wednesday, December 4th. Finally, Guggenheim reiterated a “buy” rating and set a $30.00 price target on shares of Couchbase in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $23.13.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BASE. Portolan Capital Management LLC boosted its holdings in Couchbase by 77.8% during the third quarter. Portolan Capital Management LLC now owns 874,795 shares of the company’s stock valued at $14,102,000 after purchasing an additional 382,851 shares in the last quarter. Wasatch Advisors LP grew its position in Couchbase by 56.4% in the third quarter. Wasatch Advisors LP now owns 990,331 shares of the company’s stock valued at $15,964,000 after acquiring an additional 357,169 shares during the period. Franklin Resources Inc. raised its stake in Couchbase by 27.3% during the third quarter. Franklin Resources Inc. now owns 1,647,334 shares of the company’s stock worth $27,379,000 after acquiring an additional 353,233 shares in the last quarter. 272 Capital LP bought a new position in shares of Couchbase during the third quarter valued at $3,720,000. Finally, EVR Research LP grew its holdings in shares of Couchbase by 9.4% in the 2nd quarter. EVR Research LP now owns 2,081,585 shares of the company’s stock worth $38,010,000 after purchasing an additional 179,585 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

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.