Gregory N. Henry Sells 3,853 Shares of Couchbase, Inc. (NASDAQ:BASE) Stock

Couchbase, Inc. (NASDAQ:BASE) CFO Gregory N. Henry sold 3,853 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $15.14, for a total value of $58,334.42. Following the transaction, the chief financial officer now owns 336,679 shares in the company, valued at $5,097,320.06. The trade was a 1.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Couchbase Stock Down 2.2 %

BASE opened at $15.24 on Friday. The business’s fifty day simple moving average is $17.52 and its 200 day simple moving average is $17.27. Couchbase, Inc. has a 52 week low of $13.53 and a 52 week high of $32.00. The firm has a market cap of $797.78 million, a P/E ratio of -9.53 and a beta of 0.71.

Institutional Investors Weigh In On Couchbase

A number of hedge funds and other institutional investors have recently modified their holdings of BASE. EVR Research LP boosted its position in Couchbase by 9.4% during the second 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. Franklin Resources Inc. lifted its stake in shares of Couchbase by 27.3% during the 3rd quarter. Franklin Resources Inc. now owns 1,647,334 shares of the company’s stock worth $27,379,000 after purchasing an additional 353,233 shares during the period. Hood River Capital Management LLC boosted its holdings in shares of Couchbase by 7.8% during the second quarter. Hood River Capital Management LLC now owns 1,629,893 shares of the company’s stock worth $29,762,000 after purchasing an additional 118,372 shares during the last quarter. Wasatch Advisors LP grew its position in shares of 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 purchasing an additional 357,169 shares during the period. Finally, Geode Capital Management LLC increased its stake in Couchbase by 10.3% in the third quarter. Geode Capital Management LLC now owns 944,447 shares of the company’s stock valued at $15,228,000 after purchasing an additional 88,068 shares during the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. DA Davidson restated a “buy” rating and issued a $25.00 price target on shares of Couchbase in a research note on Wednesday, December 4th. Wedbush initiated coverage on shares of Couchbase in a research note on Thursday, October 17th. They set an “outperform” rating and a $26.00 price target on the stock. Guggenheim reiterated a “buy” rating and issued a $30.00 price objective on shares of Couchbase in a research note on Wednesday, December 4th. Morgan Stanley dropped their target price on shares of Couchbase from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Wednesday, December 4th. Finally, Stifel Nicolaus boosted their price target on Couchbase from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Couchbase presently has a consensus rating of “Moderate Buy” and a consensus target price 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.