Insider Selling: Couchbase, Inc. (NASDAQ:BASE) SVP Sells 2,993 Shares of Stock

Couchbase, Inc. (NASDAQ:BASE) SVP Huw Owen sold 2,993 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $16.02, for a total value of $47,947.86. Following the sale, the senior vice president now owns 325,993 shares in the company, valued at $5,222,407.86. The trade was a 0.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through 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 transaction of $115,291.50.

Couchbase Stock Performance

BASE opened at $15.80 on Friday. The firm’s fifty day moving average is $17.39 and its two-hundred day moving average is $17.17. The firm has a market cap of $827.10 million, a PE ratio of -9.88 and a beta of 0.79. Couchbase, Inc. has a twelve month low of $13.53 and a twelve month high of $32.00.

Wall Street Analyst Weigh In

BASE has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $22.00 target price on shares of Couchbase in a research note on Wednesday, December 4th. Morgan Stanley reduced their price objective on Couchbase from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 4th. DA Davidson reiterated a “buy” rating and issued a $25.00 price objective on shares of Couchbase in a research report on Wednesday, December 4th. Piper Sandler restated an “overweight” rating and set a $21.00 target price on shares of Couchbase in a research report on Wednesday, December 4th. Finally, Barclays boosted their price objective on Couchbase from $19.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Couchbase currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.13.

Institutional Trading of Couchbase

A number of large investors have recently made changes to their positions in the company. Point72 Asset Management L.P. lifted its holdings in Couchbase by 5.7% during the second quarter. Point72 Asset Management L.P. now owns 13,000 shares of the company’s stock worth $237,000 after acquiring an additional 700 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of Couchbase by 15.9% during 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 during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Couchbase by 9.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,770 shares of the company’s stock valued at $379,000 after purchasing an additional 1,865 shares in the last quarter. Arizona State Retirement System grew its position in shares of Couchbase by 28.5% in the 2nd quarter. Arizona State Retirement System now owns 11,032 shares of the company’s stock valued at $201,000 after purchasing an additional 2,445 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Couchbase during the 2nd quarter worth approximately $47,000. 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.