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

Couchbase, Inc. (NASDAQ:BASE) CFO Gregory N. Henry sold 3,853 shares of Couchbase stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $15.14, for a total value of $58,334.42. Following the sale, the chief financial officer now owns 336,679 shares of the company’s stock, valued at approximately $5,097,320.06. This represents a 1.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Couchbase Stock Performance

BASE opened at $15.24 on Friday. The company has a market cap of $797.78 million, a PE ratio of -9.53 and a beta of 0.71. Couchbase, Inc. has a 1 year low of $13.53 and a 1 year high of $32.00. The firm has a 50 day moving average price of $17.52 and a 200 day moving average price of $17.28.

Institutional Investors Weigh In On Couchbase

Several large investors have recently made changes to their positions in BASE. Ashton Thomas Private Wealth LLC acquired a new position in shares of Couchbase during the 2nd quarter valued at $47,000. Point72 Hong Kong Ltd purchased a new position in Couchbase in the second quarter valued at about $67,000. Harbor Capital Advisors Inc. lifted its stake 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 worth $112,000 after purchasing an additional 956 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Couchbase by 28.5% in the second quarter. Arizona State Retirement System now owns 11,032 shares of the company’s stock worth $201,000 after buying an additional 2,445 shares during the period. Finally, Point72 Asset Management L.P. boosted its position in shares of Couchbase by 5.7% in the second quarter. Point72 Asset Management L.P. now owns 13,000 shares of the company’s stock worth $237,000 after buying an additional 700 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Oppenheimer decreased their price target on shares of Couchbase from $25.00 to $23.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. Wells Fargo & Company lowered their target price on shares of Couchbase from $30.00 to $23.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Truist Financial initiated coverage on Couchbase in a report on Thursday, December 12th. They issued a “buy” rating and a $21.00 price target for the company. Royal Bank of Canada restated an “outperform” rating and set a $25.00 price objective on shares of Couchbase in a report on Wednesday, December 4th. Finally, DA Davidson reiterated a “buy” rating and issued a $25.00 target price on shares of Couchbase in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.