Huw Owen Sells 11,581 Shares of Couchbase, Inc. (NASDAQ:BASE) Stock

Couchbase, Inc. (NASDAQ:BASE) SVP Huw Owen sold 11,581 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $26.79, for a total transaction of $310,254.99. Following the completion of the sale, the senior vice president now directly owns 441,454 shares of the company’s stock, valued at approximately $11,826,552.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, January 25th, Huw Owen sold 1,376 shares of Couchbase stock. The shares were sold at an average price of $25.00, for a total transaction of $34,400.00.
• On Tuesday, January 23rd, Huw Owen sold 3,500 shares of Couchbase stock. The shares were sold at an average price of $25.00, for a total transaction of $87,500.00.
• On Tuesday, January 2nd, Huw Owen sold 40,604 shares of Couchbase stock. The stock was sold at an average price of $21.38, for a total transaction of $868,113.52.

Couchbase Trading Up 0.5 %

Shares of NASDAQ BASE opened at $26.12 on Thursday. The firm has a market cap of $1.26 billion, a PE ratio of -15.36 and a beta of 0.72. Couchbase, Inc. has a 1-year low of $13.28 and a 1-year high of $32.00. The company has a fifty day moving average price of $26.84 and a 200 day moving average price of $21.68.

Couchbase (NASDAQ:BASE) last announced its earnings results on Tuesday, March 5th. The company reported ($0.32) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.03. Couchbase had a negative net margin of 44.54% and a negative return on equity of 53.93%. The firm had revenue of $50.09 million during the quarter, compared to analyst estimates of $46.56 million. Equities research analysts forecast that Couchbase, Inc. will post -1.4 EPS for the current year.

Hedge Funds Weigh In On Couchbase

A number of large investors have recently modified their holdings of the business. Legal & General Group Plc boosted its stake in shares of Couchbase by 10.9% during the 2nd quarter. Legal & General Group Plc now owns 6,307 shares of the company’s stock worth $103,000 after buying an additional 622 shares during the last quarter. American International Group Inc. boosted its stake in shares of Couchbase by 6.3% during the 2nd quarter. American International Group Inc. now owns 12,403 shares of the company’s stock worth $204,000 after buying an additional 736 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in shares of Couchbase by 0.9% during the 4th quarter. Nuveen Asset Management LLC now owns 84,707 shares of the company’s stock worth $1,908,000 after buying an additional 784 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of Couchbase by 54.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,809 shares of the company’s stock worth $44,000 after buying an additional 987 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Couchbase by 2.6% during the 3rd quarter. Rhumbline Advisers now owns 44,065 shares of the company’s stock worth $756,000 after buying an additional 1,117 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Morgan Stanley lifted their target price on shares of Couchbase from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Thursday, December 7th. Barclays lifted their price target on shares of Couchbase from $29.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 6th. The Goldman Sachs Group lifted their price target on shares of Couchbase from $20.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, March 7th. Robert W. Baird lifted their price target on shares of Couchbase from $28.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Finally, Stifel Nicolaus lifted their price target on shares of Couchbase from $24.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $32.40.

About Couchbase

Couchbase, Inc provides a database 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 helps in 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.