Insider Selling: Couchbase, Inc. (NASDAQ:BASE) SVP Sells 7,575 Shares of Stock

Couchbase, Inc. (NASDAQ:BASE) SVP Huw Owen sold 7,575 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $15.22, for a total transaction of $115,291.50. Following the sale, the senior vice president now directly owns 341,709 shares of the company’s stock, valued at approximately $5,200,810.98. The trade was a 2.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 Stock Performance

NASDAQ BASE traded up $0.09 on Thursday, reaching $15.59. 268,254 shares of the company’s stock traded hands, compared to its average volume of 484,887. Couchbase, Inc. has a fifty-two week low of $13.53 and a fifty-two week high of $32.00. The firm has a market cap of $816.11 million, a price-to-earnings ratio of -9.74 and a beta of 0.71. The stock has a 50 day moving average price of $17.59 and a 200-day moving average price of $17.31.

Institutional Trading of Couchbase

A number of hedge funds have recently modified their holdings of BASE. EVR Research LP increased its holdings in shares of Couchbase by 9.4% during the 2nd quarter. EVR Research LP now owns 2,081,585 shares of the company’s stock valued at $38,010,000 after purchasing an additional 179,585 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Couchbase by 27.3% in the 3rd quarter. Franklin Resources Inc. now owns 1,647,334 shares of the company’s stock valued at $27,379,000 after purchasing an additional 353,233 shares in the last quarter. Hood River Capital Management LLC boosted its position in Couchbase by 7.8% during the second quarter. Hood River Capital Management LLC now owns 1,629,893 shares of the company’s stock worth $29,762,000 after purchasing an additional 118,372 shares in the last quarter. Wasatch Advisors LP increased its position in shares of 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 buying an additional 357,169 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Couchbase by 10.3% during the 3rd quarter. Geode Capital Management LLC now owns 944,447 shares of the company’s stock valued at $15,228,000 after buying an additional 88,068 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analysts Set New Price Targets

BASE has been the subject of several recent analyst reports. Robert W. Baird lowered their target price on shares of Couchbase from $27.00 to $25.00 and set an “outperform” rating for the company in a research note on Wednesday, December 4th. Guggenheim reaffirmed a “buy” rating and set a $30.00 target price on shares of Couchbase in a research report on Wednesday, December 4th. UBS Group decreased their price target on Couchbase from $24.00 to $19.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Truist Financial started coverage on shares of Couchbase in a report on Thursday, December 12th. They set a “buy” rating and a $21.00 price objective on the stock. Finally, Morgan Stanley lowered their target price 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 analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.