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 company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $16.02, for a total value of $47,947.86. Following the completion of the transaction, the senior vice president now directly owns 325,993 shares of the company’s stock, valued at approximately $5,222,407.86. This trade represents a 0.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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 value of $115,291.50.

Couchbase Price Performance

Shares of Couchbase stock traded up $0.17 on Wednesday, hitting $16.00. 418,090 shares of the company’s stock traded hands, compared to its average volume of 338,438. The firm’s 50-day moving average price is $17.41 and its two-hundred day moving average price is $17.19. The stock has a market capitalization of $837.57 million, a PE ratio of -10.00 and a beta of 0.79. Couchbase, Inc. has a one year low of $13.53 and a one year high of $32.00.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on BASE shares. DA Davidson reaffirmed a “buy” rating and set a $25.00 price objective on shares of Couchbase in a report on Wednesday, December 4th. Wedbush initiated coverage on Couchbase in a report on Thursday, October 17th. They set an “outperform” rating and a $26.00 price objective on the stock. Robert W. Baird dropped their target price on Couchbase from $27.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday, December 4th. Stifel Nicolaus boosted their price target on Couchbase from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, Piper Sandler reiterated an “overweight” rating and set a $21.00 price objective on shares of Couchbase in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Couchbase has a consensus rating of “Moderate Buy” and a consensus price target of $23.13.

Institutional Investors Weigh In On Couchbase

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BASE. Ashton Thomas Private Wealth LLC acquired a new position in Couchbase during the second quarter valued at approximately $47,000. Point72 Hong Kong Ltd acquired a new position in Couchbase in the second quarter valued at about $67,000. Harbor Capital Advisors Inc. increased its stake in Couchbase by 15.9% during the 3rd 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 increased its position in shares of Couchbase by 28.5% during the second 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 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. 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.