Couchbase, Inc. (NASDAQ:BASE) SVP Huw Owen Sells 15,938 Shares

Couchbase, Inc. (NASDAQ:BASE) SVP Huw Owen sold 15,938 shares of the company’s stock in a transaction on Friday, March 28th. The shares were sold at an average price of $15.43, for a total value of $245,923.34. Following the completion of the transaction, the senior vice president now directly owns 427,699 shares in the company, valued at $6,599,395.57. This represents a 3.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, January 24th, Huw Owen sold 14,742 shares of Couchbase stock. The stock was sold at an average price of $18.05, for a total value of $266,093.10.
• On Monday, January 6th, Huw Owen sold 2,993 shares of Couchbase stock. The stock was sold at an average price of $16.02, for a total value of $47,947.86.

Couchbase Price Performance

BASE opened at $16.15 on Wednesday. The company has a market capitalization of $857.57 million, a PE ratio of -10.09 and a beta of 0.81. The business has a 50-day moving average of $16.73 and a 200-day moving average of $16.65. Couchbase, Inc. has a fifty-two week low of $12.92 and a fifty-two week high of $28.67.

Couchbase (NASDAQ:BASE) last issued its quarterly earnings data on Tuesday, February 25th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.22). The business had revenue of $54.92 million for the quarter, compared to the consensus estimate of $53.25 million. Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. On average, equities research analysts expect that Couchbase, Inc. will post -1.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BASE has been the topic of a number of analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $22.00 price target on shares of Couchbase in a research note on Wednesday, February 26th. Truist Financial began coverage on shares of Couchbase in a research report on Thursday, December 12th. They issued a “buy” rating and a $21.00 target price on the stock. Wells Fargo & Company reduced their price target on shares of Couchbase from $23.00 to $20.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. UBS Group lowered their price objective on shares of Couchbase from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Finally, Guggenheim reduced their target price on Couchbase from $30.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. One equities research 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $22.19.

Institutional Investors Weigh In On Couchbase

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Couchbase by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 5,126,087 shares of the company’s stock worth $79,916,000 after buying an additional 164,563 shares during the last quarter. Hood River Capital Management LLC lifted its holdings in Couchbase by 38.2% in the 4th quarter. Hood River Capital Management LLC now owns 2,738,468 shares of the company’s stock worth $42,693,000 after purchasing an additional 756,394 shares during the last quarter. EVR Research LP grew its holdings in Couchbase by 2.0% during the fourth quarter. EVR Research LP now owns 2,590,000 shares of the company’s stock valued at $40,378,000 after purchasing an additional 50,000 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Couchbase by 26.8% in the fourth quarter. Franklin Resources Inc. now owns 2,089,104 shares of the company’s stock valued at $32,569,000 after purchasing an additional 441,770 shares during the period. Finally, Wasatch Advisors LP lifted its stake in shares of Couchbase by 72.0% in the fourth quarter. Wasatch Advisors LP now owns 1,703,267 shares of the company’s stock worth $26,554,000 after buying an additional 712,936 shares during the last quarter. 96.07% of the stock is currently owned by 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.