Insider Selling: Couchbase, Inc. (NASDAQ:BASE) SVP Sells 2,993 Shares of Stock

Couchbase, Inc. (NASDAQ:BASE) SVP Huw Owen sold 2,993 shares of Couchbase stock in a transaction on Monday, January 6th. The shares were sold at an average price of $16.02, for a total transaction of $47,947.86. Following the completion of the sale, the senior vice president now 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 legal filing with the SEC, which is available at 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 stock was sold at an average price of $15.22, for a total value of $115,291.50.

Couchbase Stock Performance

Shares of NASDAQ BASE traded up $0.17 during mid-day trading on Wednesday, reaching $16.00. The company had a trading volume of 418,090 shares, compared to its average volume of 338,438. Couchbase, Inc. has a one year low of $13.53 and a one year high of $32.00. The business’s 50-day simple moving average is $17.41 and its 200 day simple moving average is $17.19. The firm has a market cap of $837.57 million, a price-to-earnings ratio of -10.00 and a beta of 0.79.

Institutional Trading of Couchbase

A number of institutional investors and hedge funds have recently made changes to their positions in BASE. Charles Schwab Investment Management Inc. boosted its holdings in shares of Couchbase by 33.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 369,190 shares of the company’s stock valued at $5,951,000 after purchasing an additional 93,301 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Couchbase in the third quarter valued at about $772,000. 272 Capital LP bought a new position in Couchbase in the third quarter valued at about $3,720,000. Barclays PLC raised its stake in Couchbase by 242.9% during the third quarter. Barclays PLC now owns 75,602 shares of the company’s stock worth $1,218,000 after acquiring an additional 53,555 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Couchbase by 10.3% in the third quarter. Geode Capital Management LLC now owns 944,447 shares of the company’s stock worth $15,228,000 after acquiring an additional 88,068 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BASE. DA Davidson reissued a “buy” rating and issued a $25.00 target price on shares of Couchbase in a research note on Wednesday, December 4th. Morgan Stanley dropped their target price on shares of Couchbase from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 4th. Stifel Nicolaus lifted their price target on Couchbase from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Robert W. Baird dropped their price objective on Couchbase from $27.00 to $25.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 4th. Finally, Needham & Company LLC reissued a “buy” rating and set a $22.00 target price on shares of Couchbase in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Couchbase currently has an average rating of “Moderate Buy” and an average target price of $23.13.

About Couchbase

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.