Huw Owen Sells 7,575 Shares of Couchbase, Inc. (NASDAQ:BASE) Stock

Couchbase, Inc. (NASDAQ:BASE) SVP Huw Owen sold 7,575 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $15.22, for a total transaction of $115,291.50. Following the completion of the transaction, the senior vice president now directly owns 341,709 shares of the company’s stock, valued at approximately $5,200,810.98. The trade was a 2.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, September 27th, Huw Owen sold 6,736 shares of Couchbase stock. The shares were sold at an average price of $15.07, for a total value of $101,511.52.

Couchbase Stock Performance

Couchbase stock opened at $15.24 on Friday. The firm has a market capitalization of $797.78 million, a P/E ratio of -9.53 and a beta of 0.71. The company has a 50-day simple moving average of $17.52 and a 200-day simple moving average of $17.28. Couchbase, Inc. has a one year low of $13.53 and a one year high of $32.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC acquired a new position in shares of Couchbase during the second quarter worth approximately $47,000. Point72 Hong Kong Ltd acquired a new position in Couchbase during the 2nd quarter worth $67,000. Harbor Capital Advisors Inc. grew its stake in shares of 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 purchasing an additional 956 shares in the last quarter. Arizona State Retirement System grew its stake 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 purchasing an additional 2,445 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its holdings in shares of Couchbase by 5.7% during the second quarter. Point72 Asset Management L.P. now owns 13,000 shares of the company’s stock valued at $237,000 after purchasing an additional 700 shares during the period. Institutional investors own 96.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BASE shares. Wells Fargo & Company cut their target price on Couchbase from $30.00 to $23.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. Royal Bank of Canada reiterated an “outperform” rating and set a $25.00 price objective on shares of Couchbase in a research note on Wednesday, December 4th. Truist Financial started coverage on shares of Couchbase in a research report on Thursday, December 12th. They issued a “buy” rating and a $21.00 target price for the company. Guggenheim reaffirmed a “buy” rating and set a $30.00 price target on shares of Couchbase in a research report on Wednesday, December 4th. Finally, Wedbush assumed coverage on Couchbase in a report on Thursday, October 17th. They issued an “outperform” rating and a $26.00 price objective for the company. 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.13.

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.