Couchbase, Inc. (NASDAQ:BASE) SVP Huw Owen Sells 14,742 Shares of Stock

Couchbase, Inc. (NASDAQ:BASE) SVP Huw Owen sold 14,742 shares of the stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $18.05, for a total value of $266,093.10. Following the sale, the senior vice president now owns 311,251 shares in the company, valued at $5,618,080.55. The trade was a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Monday, January 6th, Huw Owen sold 2,993 shares of Couchbase stock. The stock was sold at an average price of $16.02, for a total value of $47,947.86.
• 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 transaction of $115,291.50.

Couchbase Stock Up 6.7 %

Shares of BASE stock opened at $18.26 on Wednesday. Couchbase, Inc. has a 12 month low of $13.53 and a 12 month high of $32.00. The company has a market cap of $955.91 million, a PE ratio of -11.41 and a beta of 0.79. The business’s 50 day moving average is $16.96 and its two-hundred day moving average is $17.07.

Couchbase (NASDAQ:BASE) last announced its earnings results on Tuesday, December 3rd. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.27). Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. During the same quarter in the prior year, the company posted ($0.34) earnings per share. As a group, equities analysts expect that Couchbase, Inc. will post -1.48 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on BASE shares. Stifel Nicolaus boosted their target price on shares of Couchbase from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Barclays increased their price objective on Couchbase from $19.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Truist Financial assumed coverage on Couchbase in a research report on Thursday, December 12th. They set a “buy” rating and a $21.00 price target for the company. Piper Sandler reissued an “overweight” rating and set a $21.00 price target on shares of Couchbase in a report on Wednesday, December 4th. Finally, Morgan Stanley cut their price objective on shares of Couchbase from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Couchbase has a consensus rating of “Moderate Buy” and an average price target of $23.13.

Institutional Trading of Couchbase

Several hedge funds have recently added to or reduced their stakes in the business. Portolan Capital Management LLC boosted its position in shares of Couchbase by 77.8% in the third quarter. Portolan Capital Management LLC now owns 874,795 shares of the company’s stock valued at $14,102,000 after acquiring an additional 382,851 shares during the period. Wasatch Advisors LP boosted its holdings in Couchbase by 56.4% in the 3rd quarter. Wasatch Advisors LP now owns 990,331 shares of the company’s stock valued at $15,964,000 after purchasing an additional 357,169 shares during the period. Franklin Resources Inc. boosted its holdings in Couchbase by 27.3% in the 3rd quarter. Franklin Resources Inc. now owns 1,647,334 shares of the company’s stock valued at $27,379,000 after purchasing an additional 353,233 shares during the period. 272 Capital LP acquired a new stake in Couchbase in the 3rd quarter worth $3,720,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Couchbase by 169.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 192,216 shares of the company’s stock worth $3,099,000 after purchasing an additional 120,975 shares during the period. Institutional investors 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.