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

Couchbase, Inc. (NASDAQ:BASE) SVP Huw Owen sold 15,938 shares of the firm’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 sale, the senior vice president now owns 427,699 shares in the company, valued at approximately $6,599,395.57. This represents a 3.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, January 24th, Huw Owen sold 14,742 shares of Couchbase stock. The shares were 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 shares were sold at an average price of $16.02, for a total value of $47,947.86.

Couchbase Price Performance

Couchbase stock opened at $16.47 on Thursday. The business has a 50 day simple moving average of $16.72 and a 200-day simple moving average of $16.65. Couchbase, Inc. has a 12 month low of $12.92 and a 12 month high of $28.67. The stock has a market capitalization of $874.56 million, a PE ratio of -10.29 and a beta of 0.81.

Couchbase (NASDAQ:BASE) last released its earnings results on Tuesday, February 25th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.22). The firm had revenue of $54.92 million during the quarter, compared to analyst estimates of $53.25 million. Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. As a group, equities research analysts anticipate that Couchbase, Inc. will post -1.48 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. The Goldman Sachs Group reduced their price objective on shares of Couchbase from $18.00 to $16.00 and set a “sell” rating for the company in a research report on Thursday, February 27th. DA Davidson reissued a “buy” rating and issued a $25.00 price target on shares of Couchbase in a research report on Wednesday, December 4th. Truist Financial started coverage on Couchbase in a report on Thursday, December 12th. They set a “buy” rating and a $21.00 price objective on the stock. Stifel Nicolaus boosted their target price on Couchbase from $20.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Finally, Royal Bank of Canada dropped their price target on Couchbase from $25.00 to $22.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $22.19.

Institutional Investors Weigh In On Couchbase

Institutional investors have recently added to or reduced their stakes in the business. Quarry LP acquired a new stake in shares of Couchbase in the 4th quarter valued at approximately $35,000. Summit Investment Advisors Inc. raised its position in Couchbase by 24.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,161 shares of the company’s stock worth $65,000 after acquiring an additional 807 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Couchbase by 22.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company’s stock valued at $65,000 after acquiring an additional 759 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Couchbase during the 4th quarter worth $112,000. Finally, Dark Forest Capital Management LP acquired a new position in shares of Couchbase during the 4th quarter worth $165,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

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.