Couchbase, Inc. (NASDAQ:BASE) CFO Sells $58,334.42 in Stock

Couchbase, Inc. (NASDAQ:BASE) CFO Gregory N. Henry sold 3,853 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $15.14, for a total value of $58,334.42. Following the completion of the sale, the chief financial officer now directly owns 336,679 shares of the company’s stock, valued at $5,097,320.06. The trade was a 1.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Couchbase Trading Up 0.6 %

Shares of NASDAQ:BASE traded up $0.09 during trading on Thursday, reaching $15.59. The stock had a trading volume of 268,254 shares, compared to its average volume of 484,887. The firm’s 50-day simple moving average is $17.59 and its 200 day simple moving average is $17.31. Couchbase, Inc. has a one year low of $13.53 and a one year 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.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Truist Financial started coverage on Couchbase in a report on Thursday, December 12th. They set a “buy” rating and a $21.00 price target on the stock. Wells Fargo & Company reduced their target price on shares of Couchbase from $30.00 to $23.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. Needham & Company LLC reissued a “buy” rating and issued a $22.00 price objective on shares of Couchbase in a research report on Wednesday, December 4th. Oppenheimer decreased their price target on Couchbase from $25.00 to $23.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $21.00 target price on shares of Couchbase in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $23.13.

Institutional Investors Weigh In On Couchbase

Several institutional investors have recently bought and sold shares of BASE. Point72 Asset Management L.P. boosted its position in shares of Couchbase by 5.7% in the 2nd quarter. Point72 Asset Management L.P. now owns 13,000 shares of the company’s stock worth $237,000 after purchasing an additional 700 shares in the last quarter. Harbor Capital Advisors Inc. increased 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 valued at $112,000 after acquiring an additional 956 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Couchbase by 9.9% during the second quarter. The Manufacturers Life Insurance Company now owns 20,770 shares of the company’s stock valued at $379,000 after acquiring an additional 1,865 shares in the last quarter. Arizona State Retirement System raised its position in shares of Couchbase by 28.5% in the 2nd quarter. Arizona State Retirement System now owns 11,032 shares of the company’s stock valued at $201,000 after purchasing an additional 2,445 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Couchbase in the 2nd quarter worth approximately $47,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

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.