Insider Selling: Couchbase, Inc. (NASDAQ:BASE) SVP Sells 14,742 Shares of Stock

Couchbase, Inc. (NASDAQ:BASE) SVP Huw Owen sold 14,742 shares of the company’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $18.05, for a total transaction of $266,093.10. Following the completion of the transaction, the senior vice president now directly owns 311,251 shares in the company, valued at approximately $5,618,080.55. The trade was a 4.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Monday, January 6th, Huw Owen sold 2,993 shares of Couchbase stock. The stock was 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 stock was sold at an average price of $15.22, for a total value of $115,291.50.

Couchbase Stock Performance

Shares of Couchbase stock traded up $1.15 during midday trading on Tuesday, reaching $18.26. 471,783 shares of the company’s stock traded hands, compared to its average volume of 439,644. The stock has a 50 day moving average of $17.00 and a 200-day moving average of $17.06. Couchbase, Inc. has a 12 month low of $13.53 and a 12 month high of $32.00. The company has a market cap of $955.91 million, a PE ratio of -11.41 and a beta of 0.79.

Couchbase (NASDAQ:BASE) last released its earnings results on Tuesday, December 3rd. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.27). Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. During the same period in the previous year, the firm posted ($0.34) earnings per share. On average, equities analysts anticipate that Couchbase, Inc. will post -1.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. DA Davidson reiterated a “buy” rating and set a $25.00 target price on shares of Couchbase in a research report on Wednesday, December 4th. Guggenheim reiterated a “buy” rating and issued a $30.00 target price on shares of Couchbase in a research report on Wednesday, December 4th. Robert W. Baird reduced their target price on Couchbase from $27.00 to $25.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 4th. Morgan Stanley dropped their price target 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. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $25.00 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 issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.13.

Institutional Investors Weigh In On Couchbase

A number of institutional investors have recently modified their holdings of the stock. Harbor Capital Advisors Inc. raised its holdings in Couchbase by 15.9% in the third quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company’s stock worth $112,000 after buying an additional 956 shares during the last quarter. Point72 Asset Management L.P. lifted its position in Couchbase by 5.7% in the 2nd quarter. Point72 Asset Management L.P. now owns 13,000 shares of the company’s stock valued at $237,000 after acquiring an additional 700 shares in the last quarter. SG Americas Securities LLC boosted its stake in Couchbase by 12.2% during the 4th quarter. SG Americas Securities LLC now owns 13,546 shares of the company’s stock valued at $211,000 after purchasing an additional 1,472 shares during the last quarter. Dark Forest Capital Management LP purchased a new stake in Couchbase during the 2nd quarter valued at $300,000. Finally, Creative Planning increased its holdings in shares of Couchbase by 59.0% in the 3rd quarter. Creative Planning now owns 17,335 shares of the company’s stock worth $279,000 after purchasing an additional 6,433 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

About Couchbase

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.