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 directly owns 311,251 shares of the company’s stock, valued at approximately $5,618,080.55. This trade represents a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $16.02, for a total transaction 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

NASDAQ BASE opened at $18.26 on Wednesday. The stock has a market capitalization of $955.91 million, a P/E ratio of -11.41 and a beta of 0.79. Couchbase, Inc. has a 52 week low of $13.53 and a 52 week high of $32.00. The stock has a fifty day moving average of $16.96 and a 200-day moving average of $17.07.

Couchbase (NASDAQ:BASE) last announced its quarterly earnings data on Tuesday, December 3rd. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates 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 last year, the business earned ($0.34) earnings per share. Equities research analysts forecast that Couchbase, Inc. will post -1.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Morgan Stanley decreased their price objective on Couchbase from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 4th. Wedbush assumed coverage on Couchbase in a research report on Thursday, October 17th. They issued an “outperform” rating and a $26.00 price target on the stock. Guggenheim reissued a “buy” rating and set a $30.00 price objective on shares of Couchbase in a report on Wednesday, December 4th. Robert W. Baird lowered their target price on shares of Couchbase from $27.00 to $25.00 and set an “outperform” rating on the stock in a report on Wednesday, December 4th. Finally, Barclays lifted their price target on shares of Couchbase from $19.00 to $23.00 and gave the company an “overweight” rating in a report on Friday, November 15th. One 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 data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.13.

Institutional Investors Weigh In On Couchbase

A number of institutional investors and hedge funds have recently modified their holdings of the business. Portolan Capital Management LLC grew its holdings in Couchbase by 77.8% during the 3rd quarter. Portolan Capital Management LLC now owns 874,795 shares of the company’s stock worth $14,102,000 after acquiring an additional 382,851 shares during the period. Wasatch Advisors LP boosted its position in shares of Couchbase by 56.4% in the 3rd quarter. Wasatch Advisors LP now owns 990,331 shares of the company’s stock worth $15,964,000 after purchasing an additional 357,169 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of 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 bought a new stake in Couchbase in the third quarter valued at about $3,720,000. Finally, JPMorgan Chase & Co. boosted its holdings in Couchbase by 169.8% during the third quarter. JPMorgan Chase & Co. now owns 192,216 shares of the company’s stock worth $3,099,000 after buying an additional 120,975 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

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.