Couchbase, Inc. (NASDAQ:BASE) SVP Sells $310,254.99 in Stock

Couchbase, Inc. (NASDAQ:BASE) SVP Huw Owen sold 11,581 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $26.79, for a total transaction of $310,254.99. Following the completion of the sale, the senior vice president now directly owns 441,454 shares in the company, valued at approximately $11,826,552.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, January 25th, Huw Owen sold 1,376 shares of Couchbase stock. The shares were sold at an average price of $25.00, for a total transaction of $34,400.00.
• On Tuesday, January 23rd, Huw Owen sold 3,500 shares of Couchbase stock. The shares were sold at an average price of $25.00, for a total transaction of $87,500.00.
• On Tuesday, January 2nd, Huw Owen sold 40,604 shares of Couchbase stock. The stock was sold at an average price of $21.38, for a total transaction of $868,113.52.

Couchbase Stock Performance

Shares of Couchbase stock opened at $26.12 on Thursday. Couchbase, Inc. has a 52-week low of $13.28 and a 52-week high of $32.00. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of -15.36 and a beta of 0.72. The company has a fifty day moving average of $26.84 and a 200-day moving average of $21.68.

Couchbase (NASDAQ:BASE) last announced its quarterly earnings data on Tuesday, March 5th. The company reported ($0.32) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.03. Couchbase had a negative net margin of 44.54% and a negative return on equity of 53.93%. The company had revenue of $50.09 million during the quarter, compared to analysts’ expectations of $46.56 million. On average, equities research analysts forecast that Couchbase, Inc. will post -1.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BASE. Barclays upped their target price on shares of Couchbase from $29.00 to $33.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 6th. Wells Fargo & Company upped their target price on shares of Couchbase from $26.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, March 5th. Robert W. Baird upped their target price on shares of Couchbase from $28.00 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. The Goldman Sachs Group upped their target price on shares of Couchbase from $20.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, March 7th. Finally, Oppenheimer increased their price target on shares of Couchbase from $25.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Couchbase currently has an average rating of “Moderate Buy” and a consensus target price of $32.40.

Institutional Investors Weigh In On Couchbase

A number of institutional investors have recently made changes to their positions in BASE. Metropolitan Life Insurance Co NY purchased a new stake in shares of Couchbase in the 1st quarter valued at $30,000. Ameritas Investment Partners Inc. increased its stake in shares of Couchbase by 145.6% in the 1st quarter. Ameritas Investment Partners Inc. now owns 1,822 shares of the company’s stock worth $32,000 after acquiring an additional 1,080 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Couchbase in the 3rd quarter worth about $67,000. Tower Research Capital LLC TRC increased its stake in shares of Couchbase by 65.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,831 shares of the company’s stock worth $69,000 after acquiring an additional 1,913 shares in the last quarter. Finally, Ensign Peak Advisors Inc bought a new position in shares of Couchbase in the 1st quarter worth about $70,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

About Couchbase

Couchbase, Inc provides a database 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 helps in 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.