Huw Owen Sells 14,742 Shares of Couchbase, Inc. (NASDAQ:BASE) Stock

Couchbase, Inc. (NASDAQ:BASE) SVP Huw Owen sold 14,742 shares of the company’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $18.05, for a total transaction of $266,093.10. Following the completion of the sale, the senior vice president now owns 311,251 shares of the company’s stock, valued at approximately $5,618,080.55. The trade was a 4.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 transaction of $47,947.86.
• 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

Shares of BASE opened at $17.47 on Thursday. Couchbase, Inc. has a 52-week low of $13.53 and a 52-week high of $32.00. The stock’s 50-day simple moving average is $16.90 and its 200 day simple moving average is $17.07. The stock has a market capitalization of $914.55 million, a price-to-earnings ratio of -10.92 and a beta of 0.79.

Couchbase (NASDAQ:BASE) last announced its quarterly earnings results on Tuesday, December 3rd. The company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.27). Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. During the same quarter in the previous year, the company earned ($0.34) earnings per share. On average, research analysts forecast that Couchbase, Inc. will post -1.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Robert W. Baird dropped their price target on Couchbase from $27.00 to $25.00 and set an “outperform” rating on the stock in a report on Wednesday, December 4th. Guggenheim reissued a “buy” rating and issued a $30.00 price target on shares of Couchbase in a report on Wednesday, December 4th. Stifel Nicolaus raised their price objective on shares of Couchbase from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Truist Financial started coverage on shares of Couchbase in a research note on Thursday, December 12th. They issued a “buy” rating and a $21.00 target price on the stock. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $25.00 price target on shares of Couchbase in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $23.13.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Harbor Capital Advisors Inc. raised its position in shares of Couchbase by 15.9% in the third quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company’s stock worth $112,000 after buying an additional 956 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Couchbase by 12.2% in the 4th quarter. SG Americas Securities LLC now owns 13,546 shares of the company’s stock valued at $211,000 after acquiring an additional 1,472 shares in the last quarter. Point72 Asset Management L.P. boosted its position in shares of Couchbase by 5.7% during the 2nd quarter. Point72 Asset Management L.P. now owns 13,000 shares of the company’s stock valued at $237,000 after acquiring an additional 700 shares during the last quarter. Creative Planning grew its holdings in shares of Couchbase by 59.0% during the third quarter. Creative Planning now owns 17,335 shares of the company’s stock worth $279,000 after purchasing an additional 6,433 shares in the last quarter. Finally, Dark Forest Capital Management LP bought a new position in shares of Couchbase in the second quarter worth approximately $300,000. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

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.