Couchbase, Inc. (NASDAQ:BASE) SVP Huw Owen Sells 15,938 Shares

Couchbase, Inc. (NASDAQ:BASE) SVP Huw Owen sold 15,938 shares of Couchbase stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $15.43, for a total value of $245,923.34. Following the transaction, the senior vice president now directly owns 427,699 shares in the company, valued at approximately $6,599,395.57. The trade was a 3.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, January 24th, Huw Owen sold 14,742 shares of Couchbase stock. The shares were sold at an average price of $18.05, for a total transaction of $266,093.10.
• 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 transaction of $47,947.86.

Couchbase Stock Down 3.1 %

Shares of NASDAQ:BASE opened at $15.96 on Friday. The firm has a fifty day moving average of $16.69 and a two-hundred day moving average of $16.64. Couchbase, Inc. has a 12-month low of $12.92 and a 12-month high of $28.67. The firm has a market capitalization of $847.48 million, a P/E ratio of -9.98 and a beta of 0.81.

Couchbase (NASDAQ:BASE) last released its quarterly earnings data on Tuesday, February 25th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.22). Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. The firm had revenue of $54.92 million for the quarter, compared to analyst estimates of $53.25 million. Equities research analysts expect that Couchbase, Inc. will post -1.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on BASE shares. Morgan Stanley dropped their price target on Couchbase from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 26th. The Goldman Sachs Group cut their target price on Couchbase from $18.00 to $16.00 and set a “sell” rating on the stock in a research report on Thursday, February 27th. UBS Group reduced their target price on Couchbase from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Guggenheim dropped their price target on Couchbase from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $22.00 price objective on shares of Couchbase in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $22.19.

Institutional Investors Weigh In On Couchbase

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Couchbase by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 5,126,087 shares of the company’s stock valued at $79,916,000 after acquiring an additional 164,563 shares in the last quarter. Hood River Capital Management LLC increased its stake in shares of Couchbase by 38.2% during the 4th quarter. Hood River Capital Management LLC now owns 2,738,468 shares of the company’s stock worth $42,693,000 after purchasing an additional 756,394 shares during the last quarter. EVR Research LP raised its holdings in shares of Couchbase by 2.0% during the 4th quarter. EVR Research LP now owns 2,590,000 shares of the company’s stock valued at $40,378,000 after purchasing an additional 50,000 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Couchbase by 26.8% in the 4th quarter. Franklin Resources Inc. now owns 2,089,104 shares of the company’s stock valued at $32,569,000 after purchasing an additional 441,770 shares during the last quarter. Finally, Wasatch Advisors LP boosted its holdings in Couchbase by 72.0% in the fourth quarter. Wasatch Advisors LP now owns 1,703,267 shares of the company’s stock worth $26,554,000 after purchasing an additional 712,936 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

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.