Couchbase, Inc. (NASDAQ:BASE) SVP Sells $266,093.10 in Stock

Couchbase, Inc. (NASDAQ:BASE) SVP Huw Owen sold 14,742 shares of the business’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $18.05, for a total transaction of $266,093.10. Following the sale, the senior vice president now directly owns 311,251 shares in the company, valued at approximately $5,618,080.55. The trade was a 4.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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 value of $47,947.86.
• 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 Stock Performance

Shares of BASE stock opened at $17.38 on Friday. The company has a market cap of $909.84 million, a P/E ratio of -10.86 and a beta of 0.79. Couchbase, Inc. has a fifty-two week low of $13.53 and a fifty-two week high of $32.00. The stock has a 50 day simple moving average of $16.83 and a two-hundred day simple moving average of $17.07.

Couchbase (NASDAQ:BASE) last released its earnings results on Tuesday, December 3rd. The company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.27). Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. During the same quarter last year, the company posted ($0.34) EPS. On average, research analysts predict that Couchbase, Inc. will post -1.48 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Piper Sandler restated an “overweight” rating and set a $21.00 price target on shares of Couchbase in a report on Wednesday, December 4th. Barclays boosted their target price on shares of Couchbase from $19.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. DA Davidson reaffirmed a “buy” rating and set a $25.00 price target on shares of Couchbase in a research note on Wednesday, December 4th. Needham & Company LLC reissued a “buy” rating and issued a $22.00 price objective on shares of Couchbase in a research note on Wednesday, December 4th. Finally, Morgan Stanley lowered their target price on Couchbase from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.13.

Hedge Funds Weigh In On Couchbase

A number of institutional investors and hedge funds have recently made changes to their positions in BASE. Rhumbline Advisers raised its stake in Couchbase by 26.2% during the 4th quarter. Rhumbline Advisers now owns 64,229 shares of the company’s stock worth $1,001,000 after buying an additional 13,345 shares during the period. SG Americas Securities LLC increased its holdings in shares of Couchbase by 12.2% during the fourth quarter. SG Americas Securities LLC now owns 13,546 shares of the company’s stock valued at $211,000 after acquiring an additional 1,472 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of 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 purchasing an additional 120,975 shares during the period. 272 Capital LP bought a new position in shares of Couchbase in the 3rd quarter worth $3,720,000. Finally, Franklin Resources Inc. grew its position in 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 during the period. Institutional investors own 96.07% of the company’s stock.

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.