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 stock was sold at an average price of $16.02, for a total transaction of $47,947.86. Following the sale, the senior vice president now directly owns 325,993 shares in the company, valued at approximately $5,222,407.86. This trade represents a 0.91 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 transaction of $115,291.50.

Couchbase Price Performance

BASE opened at $16.00 on Thursday. The stock has a market capitalization of $837.57 million, a price-to-earnings ratio of -10.00 and a beta of 0.79. The business has a fifty day moving average price of $17.40 and a 200 day moving average price of $17.19. Couchbase, Inc. has a 12 month low of $13.53 and a 12 month high of $32.00.

Hedge Funds Weigh In On Couchbase

A number of institutional investors and hedge funds have recently made changes to their positions in BASE. Ashton Thomas Private Wealth LLC purchased a new position in Couchbase in the second quarter valued at $47,000. Point72 Hong Kong Ltd purchased a new position in shares of Couchbase in the 2nd quarter valued at about $67,000. Harbor Capital Advisors Inc. increased its holdings in shares of Couchbase by 15.9% in the 3rd 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 during the last quarter. Arizona State Retirement System raised its position in shares of Couchbase by 28.5% during the 2nd quarter. Arizona State Retirement System now owns 11,032 shares of the company’s stock worth $201,000 after acquiring an additional 2,445 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its stake in Couchbase by 5.7% during the second 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 during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BASE has been the topic of a number of research reports. Robert W. Baird decreased their target price on shares of Couchbase from $27.00 to $25.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 4th. DA Davidson reaffirmed a “buy” rating and issued a $25.00 target price on shares of Couchbase in a research note on Wednesday, December 4th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $25.00 price target on shares of Couchbase in a research report on Wednesday, December 4th. Guggenheim reissued a “buy” rating and set a $30.00 target price on shares of Couchbase in a research note on Wednesday, December 4th. Finally, Barclays boosted their price target on shares of Couchbase from $19.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.