Couchbase, Inc. (NASDAQ:BASE) SVP Huw Owen Sells 15,938 Shares

Couchbase, Inc. (NASDAQ:BASE) SVP Huw Owen sold 15,938 shares of the company’s stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $15.43, for a total value of $245,923.34. Following the transaction, the senior vice president now owns 427,699 shares of the company’s stock, valued at approximately $6,599,395.57. This trade represents a 3.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, January 24th, Huw Owen sold 14,742 shares of Couchbase stock. The shares were sold at an average price of $18.05, for a total transaction of $266,093.10.
• 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 transaction of $47,947.86.

Couchbase Stock Up 2.5 %

BASE stock traded up $0.40 during trading on Tuesday, hitting $16.15. The company had a trading volume of 1,504,396 shares, compared to its average volume of 534,559. The stock has a market cap of $857.57 million, a price-to-earnings ratio of -10.09 and a beta of 0.81. The firm has a 50-day moving average price of $16.74 and a 200-day moving average price of $16.64. Couchbase, Inc. has a 12 month low of $12.92 and a 12 month high of $28.67.

Couchbase (NASDAQ:BASE) last posted its quarterly earnings results on Tuesday, February 25th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.22). The firm had revenue of $54.92 million during the quarter, compared to the consensus estimate of $53.25 million. Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. Equities analysts expect that Couchbase, Inc. will post -1.48 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on BASE shares. Guggenheim reduced their target price on shares of Couchbase from $30.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. The Goldman Sachs Group reduced their price objective on shares of Couchbase from $18.00 to $16.00 and set a “sell” rating for the company in a report on Thursday, February 27th. Morgan Stanley lowered their target price on shares of Couchbase from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 26th. Truist Financial began coverage on shares of Couchbase in a research note on Thursday, December 12th. They set a “buy” rating and a $21.00 price target for the company. Finally, UBS Group lowered their price objective on Couchbase from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Couchbase presently has an average rating of “Moderate Buy” and an average target price of $22.19.

Institutional Trading of Couchbase

Several institutional investors and hedge funds have recently made changes to their positions in the business. Hood River Capital Management LLC lifted its stake in Couchbase by 38.2% in the fourth quarter. Hood River Capital Management LLC now owns 2,738,468 shares of the company’s stock valued at $42,693,000 after buying an additional 756,394 shares during the period. Wasatch Advisors LP increased its stake in shares of Couchbase by 72.0% in the 4th quarter. Wasatch Advisors LP now owns 1,703,267 shares of the company’s stock valued at $26,554,000 after acquiring an additional 712,936 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Couchbase by 26.8% in the 4th quarter. Franklin Resources Inc. now owns 2,089,104 shares of the company’s stock valued at $32,569,000 after acquiring an additional 441,770 shares during the period. Portolan Capital Management LLC boosted its position in shares of Couchbase by 77.8% during the third quarter. Portolan Capital Management LLC now owns 874,795 shares of the company’s stock worth $14,102,000 after purchasing an additional 382,851 shares in the last quarter. Finally, 272 Capital LP bought a new stake in shares of Couchbase in the 3rd quarter valued at $3,720,000. Institutional investors own 96.07% of the company’s stock.

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.