Couchbase, Inc. (NASDAQ:BASE) SVP Huw Owen Sells 14,742 Shares

Couchbase, Inc. (NASDAQ:BASE) SVP Huw Owen sold 14,742 shares of Couchbase stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $18.05, for a total value of $266,093.10. Following the sale, the senior vice president now directly owns 311,251 shares of the company’s stock, valued at approximately $5,618,080.55. This trade represents a 4.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $15.22, for a total transaction of $115,291.50.

Couchbase Trading Down 4.3 %

NASDAQ:BASE opened at $17.47 on Thursday. The company has a 50-day moving average price of $16.90 and a 200-day moving average price of $17.07. The stock has a market cap of $914.55 million, a price-to-earnings ratio of -10.92 and a beta of 0.79. Couchbase, Inc. has a 12 month low of $13.53 and a 12 month high of $32.00.

Couchbase (NASDAQ:BASE) last issued its quarterly earnings data on Tuesday, December 3rd. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.27). Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. During the same quarter in the previous year, the business earned ($0.34) earnings per share. Equities analysts forecast that Couchbase, Inc. will post -1.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Couchbase

Several hedge funds have recently made changes to their positions in BASE. Renaissance Technologies LLC boosted its holdings in shares of Couchbase by 614.0% during the 2nd quarter. Renaissance Technologies LLC now owns 86,400 shares of the company’s stock valued at $1,578,000 after buying an additional 74,299 shares in the last quarter. Squarepoint Ops LLC boosted its stake in Couchbase by 266.5% during the second quarter. Squarepoint Ops LLC now owns 114,283 shares of the company’s stock worth $2,087,000 after acquiring an additional 83,104 shares in the last quarter. Dark Forest Capital Management LP purchased a new stake in Couchbase in the second quarter worth about $300,000. The Manufacturers Life Insurance Company increased its stake 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 purchasing an additional 1,865 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in shares of Couchbase by 5.7% during the second quarter. Point72 Asset Management L.P. now owns 13,000 shares of the company’s stock valued at $237,000 after purchasing an additional 700 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BASE. Stifel Nicolaus boosted their price objective on shares of Couchbase from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Royal Bank of Canada restated an “outperform” rating and set a $25.00 price target on shares of Couchbase in a research report on Wednesday, December 4th. 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 note on Wednesday, December 4th. Robert W. Baird reduced their price target on Couchbase from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 4th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $22.00 price objective on shares of Couchbase in a research report on Wednesday, December 4th. One investment 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 currently has an average 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.