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 Couchbase stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $15.14, for a total value of $58,334.42. Following the sale, the chief financial officer now directly owns 336,679 shares of the company’s stock, valued at approximately $5,097,320.06. This represents a 1.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Couchbase Price Performance

Couchbase stock traded up $0.09 during midday trading on Thursday, reaching $15.59. The company had a trading volume of 268,254 shares, compared to its average volume of 484,887. Couchbase, Inc. has a 12-month low of $13.53 and a 12-month high of $32.00. The company has a market capitalization of $816.11 million, a P/E ratio of -9.74 and a beta of 0.71. The firm’s fifty day simple moving average is $17.59 and its 200-day simple moving average is $17.31.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. UBS Group decreased their target price on Couchbase from $24.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Wells Fargo & Company decreased their price objective 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. Piper Sandler reaffirmed an “overweight” rating and issued a $21.00 price target on shares of Couchbase in a report on Wednesday, December 4th. Guggenheim reissued a “buy” rating and issued a $30.00 price objective on shares of Couchbase in a report on Wednesday, December 4th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $25.00 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 given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $23.13.

Hedge Funds Weigh In On Couchbase

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Couchbase during the second quarter worth approximately $47,000. Point72 Hong Kong Ltd acquired a new stake in Couchbase during the 2nd quarter worth $67,000. Harbor Capital Advisors Inc. grew its holdings 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 buying an additional 956 shares in the last quarter. Arizona State Retirement System lifted its stake 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 worth $201,000 after buying an additional 2,445 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its stake in shares of Couchbase by 5.7% in the second quarter. Point72 Asset Management L.P. now owns 13,000 shares of the company’s stock worth $237,000 after buying an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

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.