Couchbase, Inc. (NASDAQ:BASE) SVP Huw Owen Sells 2,993 Shares

Couchbase, Inc. (NASDAQ:BASE) SVP Huw Owen sold 2,993 shares of Couchbase stock in a transaction on Monday, January 6th. The shares were sold at an average price of $16.02, for a total transaction of $47,947.86. Following the completion of the transaction, the senior vice president now owns 325,993 shares in the company, valued at approximately $5,222,407.86. This represents a 0.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Monday, December 23rd, Huw Owen sold 7,575 shares of Couchbase stock. The stock was sold at an average price of $15.22, for a total value of $115,291.50.

Couchbase Price Performance

Shares of NASDAQ BASE opened at $16.00 on Thursday. The firm’s 50-day moving average is $17.40 and its two-hundred day moving average is $17.19. The company has a market capitalization of $837.57 million, a PE ratio of -10.00 and a beta of 0.79. Couchbase, Inc. has a 12-month low of $13.53 and a 12-month high of $32.00.

Institutional Investors Weigh In On Couchbase

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp lifted its position in shares of Couchbase by 34.9% in the second quarter. Bank of New York Mellon Corp now owns 164,149 shares of the company’s stock valued at $2,997,000 after acquiring an additional 42,434 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Couchbase by 14.3% during the 2nd quarter. Rhumbline Advisers now owns 53,544 shares of the company’s stock worth $978,000 after purchasing an additional 6,707 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Couchbase by 28.5% during 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. Acadian Asset Management LLC raised its position in shares of Couchbase by 17.6% in the second quarter. Acadian Asset Management LLC now owns 309,737 shares of the company’s stock valued at $5,653,000 after buying an additional 46,298 shares during the last quarter. Finally, Quest Partners LLC lifted its stake in shares of Couchbase by 324.2% during the second quarter. Quest Partners LLC now owns 24,940 shares of the company’s stock valued at $455,000 after buying an additional 19,061 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

BASE has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $22.00 target price on shares of Couchbase in a report on Wednesday, December 4th. Truist Financial started coverage on Couchbase in a report on Thursday, December 12th. They issued a “buy” rating and a $21.00 price objective on the stock. Robert W. Baird cut their target price on Couchbase from $27.00 to $25.00 and set an “outperform” rating for the company in a research note on Wednesday, December 4th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $25.00 price objective on shares of Couchbase in a report on Wednesday, December 4th. Finally, Barclays raised their target price on Couchbase from $19.00 to $23.00 and gave the company an “overweight” rating in a report on Friday, November 15th. 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, Couchbase currently 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.