Couchbase, Inc. (NASDAQ:BASE) SVP Sells $266,093.10 in Stock

Couchbase, Inc. (NASDAQ:BASE) SVP Huw Owen sold 14,742 shares of the firm’s stock in a transaction 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 completion of the transaction, the senior vice president now owns 311,251 shares in the company, valued at approximately $5,618,080.55. This trade represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, January 6th, Huw Owen sold 2,993 shares of Couchbase stock. The shares were 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 Performance

Shares of NASDAQ:BASE traded up $1.15 on Tuesday, reaching $18.26. The company’s stock had a trading volume of 471,783 shares, compared to its average volume of 439,644. The company has a 50-day simple moving average of $17.00 and a 200 day simple moving average of $17.06. Couchbase, Inc. has a 52-week low of $13.53 and a 52-week high of $32.00. The company has a market cap of $955.91 million, a P/E ratio of -11.41 and a beta of 0.79.

Couchbase (NASDAQ:BASE) last issued its quarterly earnings data on Tuesday, December 3rd. The company reported ($0.35) earnings per share 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 period in the prior year, the firm earned ($0.34) EPS. On average, equities research analysts forecast that Couchbase, Inc. will post -1.48 EPS for the current fiscal year.

Institutional Trading of Couchbase

A number of institutional investors have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. increased its position in Couchbase by 15.9% during 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. SG Americas Securities LLC boosted its stake in shares of Couchbase by 12.2% during the 4th quarter. SG Americas Securities LLC now owns 13,546 shares of the company’s stock worth $211,000 after purchasing an additional 1,472 shares during the period. Point72 Asset Management L.P. grew its holdings in Couchbase by 5.7% during the 2nd 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 during the last quarter. Creative Planning raised its position in Couchbase by 59.0% in the 3rd quarter. Creative Planning now owns 17,335 shares of the company’s stock worth $279,000 after purchasing an additional 6,433 shares during the period. Finally, Dark Forest Capital Management LP bought a new stake in Couchbase in the second quarter worth about $300,000. 96.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. DA Davidson restated a “buy” rating and set a $25.00 target price on shares of Couchbase in a research report on Wednesday, December 4th. Needham & Company LLC restated a “buy” rating and issued a $22.00 price objective on shares of Couchbase in a research note on Wednesday, December 4th. Morgan Stanley decreased their target price on Couchbase from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 4th. Guggenheim restated a “buy” rating and issued a $30.00 price target on shares of Couchbase in a research report on Wednesday, December 4th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $25.00 price objective on shares of Couchbase in a research report on Wednesday, December 4th. One investment 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 data from MarketBeat, Couchbase presently has a consensus rating of “Moderate Buy” and a consensus 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.