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 dated Monday, January 6th. The shares were sold at an average price of $16.02, for a total value 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. This represents a 0.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 value of $115,291.50.

Couchbase Stock Up 1.1 %

Shares of BASE opened at $16.00 on Friday. Couchbase, Inc. has a 12 month low of $13.53 and a 12 month high of $32.00. The stock has a market cap of $837.57 million, a price-to-earnings ratio of -10.00 and a beta of 0.79. The company has a 50-day moving average price of $17.40 and a two-hundred day moving average price of $17.18.

Institutional Trading of Couchbase

Several institutional investors have recently bought and sold shares of the stock. Portolan Capital Management LLC lifted its holdings 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 valued at $14,102,000 after acquiring an additional 382,851 shares during the period. Wasatch Advisors LP boosted its position in Couchbase by 56.4% in the third quarter. Wasatch Advisors LP now owns 990,331 shares of the company’s stock valued at $15,964,000 after buying an additional 357,169 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Couchbase by 27.3% during the third quarter. Franklin Resources Inc. now owns 1,647,334 shares of the company’s stock worth $27,379,000 after buying an additional 353,233 shares in the last quarter. 272 Capital LP bought a new position in shares of Couchbase in the third quarter valued at approximately $3,720,000. Finally, EVR Research LP grew its position in Couchbase by 9.4% during the 2nd quarter. EVR Research LP now owns 2,081,585 shares of the company’s stock worth $38,010,000 after acquiring an additional 179,585 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on BASE shares. Guggenheim reaffirmed a “buy” rating and set a $30.00 price objective on shares of Couchbase in a report on Wednesday, December 4th. Truist Financial initiated coverage on Couchbase in a research note on Thursday, December 12th. They issued a “buy” rating and a $21.00 price objective on the stock. Stifel Nicolaus increased their target price on Couchbase from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. DA Davidson reaffirmed a “buy” rating and issued a $25.00 price target on shares of Couchbase in a research report on Wednesday, December 4th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $22.00 price objective on shares of Couchbase in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Couchbase has a consensus rating of “Moderate Buy” and an average price target of $23.13.

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.