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

Couchbase, Inc. (NASDAQ:BASE) SVP Huw Owen sold 7,575 shares of Couchbase stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $15.22, for a total transaction of $115,291.50. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through 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 shares were sold at an average price of $15.07, for a total transaction of $101,511.52.

Couchbase Stock Up 0.6 %

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

Institutional Investors Weigh In On Couchbase

A number of institutional investors have recently bought and sold shares of BASE. Ashton Thomas Private Wealth LLC bought a new position in shares of Couchbase during the 2nd quarter worth about $47,000. Point72 Hong Kong Ltd acquired a new stake in shares of Couchbase in the second quarter valued at approximately $67,000. Harbor Capital Advisors Inc. raised its position in shares of Couchbase by 15.9% during the third quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company’s stock worth $112,000 after acquiring an additional 956 shares during the last quarter. Arizona State Retirement System raised its holdings in Couchbase by 28.5% during the 2nd quarter. Arizona State Retirement System now owns 11,032 shares of the company’s stock worth $201,000 after purchasing an additional 2,445 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in Couchbase by 5.7% in the second quarter. Point72 Asset Management L.P. now owns 13,000 shares of the company’s stock valued at $237,000 after buying an additional 700 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Barclays lifted their price target on Couchbase from $19.00 to $23.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Piper Sandler reaffirmed an “overweight” rating and issued a $21.00 target price on shares of Couchbase in a research report on Wednesday, December 4th. Truist Financial assumed coverage on Couchbase in a report on Thursday, December 12th. They set a “buy” rating and a $21.00 price target for the company. UBS Group dropped their price objective on Couchbase from $24.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $22.00 target price on shares of Couchbase in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Couchbase presently has a consensus rating of “Moderate Buy” and a consensus price target 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.