Couchbase, Inc. (NASDAQ:BASE) SVP Sells $131,217.28 in Stock

Couchbase, Inc. (NASDAQ:BASE) SVP Huw Owen sold 7,792 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $16.84, for a total transaction of $131,217.28. Following the transaction, the senior vice president now owns 405,123 shares of the company’s stock, valued at approximately $6,822,271.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Thursday, June 20th, Huw Owen sold 2,993 shares of Couchbase stock. The stock was sold at an average price of $16.53, for a total transaction of $49,474.29.

Couchbase Price Performance

Shares of NASDAQ:BASE opened at $17.59 on Thursday. Couchbase, Inc. has a 1-year low of $13.97 and a 1-year high of $32.00. The stock has a market cap of $884.95 million, a P/E ratio of -10.73 and a beta of 0.68. The firm has a fifty day moving average price of $22.83 and a 200 day moving average price of $24.49.

Analysts Set New Price Targets

Several equities analysts recently commented on BASE shares. Wells Fargo & Company dropped their target price on Couchbase from $37.00 to $30.00 and set an “overweight” rating on the stock in a report on Thursday, June 6th. Needham & Company LLC assumed coverage on Couchbase in a research report on Wednesday. They set a “buy” rating and a $22.00 target price on the stock. Stifel Nicolaus upped their price target on Couchbase from $24.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Guggenheim reissued a “buy” rating and set a $30.00 price objective on shares of Couchbase in a report on Tuesday. Finally, DA Davidson lowered their target price on shares of Couchbase from $35.00 to $30.00 and set a “buy” rating for the company in a report on Friday, June 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $28.58.

Institutional Investors Weigh In On Couchbase

Institutional investors and hedge funds have recently made changes to their positions in the business. NBC Securities Inc. acquired a new position in Couchbase in the 1st quarter valued at about $26,000. AJOVista LLC acquired a new position in shares of Couchbase in the fourth quarter valued at approximately $74,000. Daiwa Securities Group Inc. acquired a new position in shares of Couchbase in the fourth quarter valued at approximately $92,000. StepStone Group LP acquired a new stake in shares of Couchbase during the fourth quarter worth $133,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Couchbase by 21.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,698 shares of the company’s stock valued at $151,000 after buying an additional 1,203 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

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.