Gregory N. Henry Sells 3,853 Shares of Couchbase, Inc. (NASDAQ:BASE) Stock

Couchbase, Inc. (NASDAQ:BASE) CFO Gregory N. Henry sold 3,853 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $15.14, for a total transaction of $58,334.42. Following the completion of the transaction, the chief financial officer now directly owns 336,679 shares in the company, valued at $5,097,320.06. This trade represents a 1.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Couchbase Trading Down 2.2 %

Shares of BASE opened at $15.24 on Friday. The firm’s 50-day moving average is $17.52 and its two-hundred day moving average is $17.28. The firm has a market capitalization of $797.78 million, a P/E ratio of -9.53 and a beta of 0.71. Couchbase, Inc. has a twelve month low of $13.53 and a twelve month high of $32.00.

Institutional Trading of Couchbase

Institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in shares of Couchbase by 34.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 164,149 shares of the company’s stock worth $2,997,000 after buying an additional 42,434 shares in the last quarter. Pembroke Management LTD lifted its holdings in shares of Couchbase by 18.1% in the second quarter. Pembroke Management LTD now owns 809,876 shares of the company’s stock valued at $14,788,000 after purchasing an additional 123,927 shares in the last quarter. Rhumbline Advisers grew its position in shares of Couchbase by 14.3% in the second quarter. Rhumbline Advisers now owns 53,544 shares of the company’s stock valued at $978,000 after purchasing an additional 6,707 shares during the last quarter. Arizona State Retirement System grew its position in shares of Couchbase by 28.5% in the second quarter. Arizona State Retirement System now owns 11,032 shares of the company’s stock valued at $201,000 after purchasing an additional 2,445 shares during the last quarter. Finally, Acadian Asset Management LLC increased its stake in shares of Couchbase by 17.6% during the 2nd quarter. Acadian Asset Management LLC now owns 309,737 shares of the company’s stock worth $5,653,000 after purchasing an additional 46,298 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on BASE shares. Truist Financial started coverage on Couchbase in a research report on Thursday, December 12th. They set a “buy” rating and a $21.00 price objective on the stock. Wedbush began coverage on shares of Couchbase in a research report on Thursday, October 17th. They set an “outperform” rating and a $26.00 price target on the stock. Oppenheimer cut their price objective on shares of Couchbase from $25.00 to $23.00 and set an “outperform” rating for the company in a research report on Thursday, September 5th. Barclays boosted their target price on shares of Couchbase from $19.00 to $23.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Finally, Morgan Stanley dropped their price target on shares of Couchbase from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.13.

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.