Couchbase, Inc. (NASDAQ:BASE) SVP Sells $115,291.50 in Stock

Couchbase, Inc. (NASDAQ:BASE) SVP Huw Owen sold 7,575 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $15.22, for a total value of $115,291.50. Following the completion of the sale, the senior vice president now owns 341,709 shares in the company, valued at approximately $5,200,810.98. This trade represents a 2.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, September 27th, Huw Owen sold 6,736 shares of Couchbase stock. The stock was sold at an average price of $15.07, for a total transaction of $101,511.52.

Couchbase Trading Up 0.6 %

Shares of BASE opened at $15.59 on Friday. Couchbase, Inc. has a 12 month low of $13.53 and a 12 month high of $32.00. The firm’s 50 day moving average is $17.56 and its 200-day moving average is $17.30. The stock has a market capitalization of $816.11 million, a PE ratio of -9.74 and a beta of 0.71.

Analysts Set New Price Targets

Several brokerages recently commented on BASE. UBS Group reduced their price target on Couchbase from $24.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Robert W. Baird dropped their price target on shares of Couchbase from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 4th. Morgan Stanley lowered 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. Wells Fargo & Company cut their target price on shares of Couchbase from $30.00 to $23.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Finally, Truist Financial assumed coverage on Couchbase in a research report on Thursday, December 12th. They issued a “buy” rating and a $21.00 price objective for the company. One equities research 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 MarketBeat, Couchbase currently has an average rating of “Moderate Buy” and a consensus price target of $23.13.

Hedge Funds Weigh In On Couchbase

Hedge funds have recently added to or reduced their stakes in the stock. Portolan Capital Management LLC lifted its position in shares of Couchbase by 77.8% during the 3rd 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 raised its stake in Couchbase by 56.4% in the third 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 in the last quarter. Franklin Resources Inc. lifted its position in Couchbase by 27.3% during the third quarter. Franklin Resources Inc. now owns 1,647,334 shares of the company’s stock worth $27,379,000 after purchasing an additional 353,233 shares during the period. 272 Capital LP acquired a new stake in Couchbase during the third quarter worth about $3,720,000. Finally, EVR Research LP increased its holdings in Couchbase by 9.4% in the 2nd quarter. EVR Research LP now owns 2,081,585 shares of the company’s stock valued at $38,010,000 after buying an additional 179,585 shares during the period. 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.