Huw Owen Sells 2,993 Shares of Couchbase, Inc. (NASDAQ:BASE) Stock

Couchbase, Inc. (NASDAQ:BASE) SVP Huw Owen sold 2,993 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $16.02, for a total transaction of $47,947.86. Following the transaction, the senior vice president now directly owns 325,993 shares in the company, valued at approximately $5,222,407.86. The trade was a 0.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 shares were sold at an average price of $15.22, for a total transaction of $115,291.50.

Couchbase Price Performance

NASDAQ BASE opened at $16.00 on Friday. The company has a 50 day simple moving average of $17.40 and a 200-day simple moving average of $17.18. Couchbase, Inc. has a 52-week low of $13.53 and a 52-week high of $32.00. The firm has a market capitalization of $837.57 million, a price-to-earnings ratio of -10.00 and a beta of 0.79.

Analysts Set New Price Targets

A number of research firms have weighed in on BASE. Needham & Company LLC restated a “buy” rating and issued a $22.00 target price on shares of Couchbase in a research report on Wednesday, December 4th. Piper Sandler reaffirmed an “overweight” rating and set a $21.00 target price on shares of Couchbase in a research note on Wednesday, December 4th. Barclays boosted their price target on shares of Couchbase from $19.00 to $23.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Wedbush initiated coverage on shares of Couchbase in a research report on Thursday, October 17th. They set an “outperform” rating and a $26.00 price objective for the company. Finally, Stifel Nicolaus boosted their target price on shares of Couchbase from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.13.

Institutional Investors Weigh In On Couchbase

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BASE. Bank of New York Mellon Corp boosted its position in Couchbase by 34.9% during the second quarter. Bank of New York Mellon Corp now owns 164,149 shares of the company’s stock valued at $2,997,000 after purchasing an additional 42,434 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Couchbase by 14.3% in the 2nd quarter. Rhumbline Advisers now owns 53,544 shares of the company’s stock valued at $978,000 after buying an additional 6,707 shares in the last quarter. Arizona State Retirement System increased its holdings in 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 last quarter. Acadian Asset Management LLC raised its position in Couchbase by 17.6% during the second quarter. Acadian Asset Management LLC now owns 309,737 shares of the company’s stock valued at $5,653,000 after acquiring an additional 46,298 shares in the last quarter. Finally, Quest Partners LLC lifted its stake in Couchbase by 324.2% in the second quarter. Quest Partners LLC now owns 24,940 shares of the company’s stock valued at $455,000 after acquiring an additional 19,061 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

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.