Insider Selling: Couchbase, Inc. (NASDAQ:BASE) SVP Sells $115,291.50 in Stock

Couchbase, Inc. (NASDAQ:BASE) SVP Huw Owen sold 7,575 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $15.22, for a total value of $115,291.50. Following the transaction, the senior vice president now directly owns 341,709 shares of the company’s stock, valued at approximately $5,200,810.98. The trade was a 2.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Friday, September 27th, Huw Owen sold 6,736 shares of Couchbase stock. The stock was sold at an average price of $15.07, for a total transaction of $101,511.52.

Couchbase Stock Performance

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Morgan Stanley cut their price objective on Couchbase from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 4th. Stifel Nicolaus lifted their target price on shares of Couchbase from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Wells Fargo & Company decreased their price target on shares of Couchbase from $30.00 to $23.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. Oppenheimer cut their price target on shares of Couchbase from $25.00 to $23.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Couchbase in a research note on Wednesday, December 4th. One investment 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $23.13.

Institutional Investors Weigh In On Couchbase

A number of institutional investors and hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp increased its holdings in Couchbase by 34.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 164,149 shares of the company’s stock worth $2,997,000 after acquiring an additional 42,434 shares during the period. Pembroke Management LTD increased its holdings in shares of Couchbase by 18.1% in the second quarter. Pembroke Management LTD now owns 809,876 shares of the company’s stock worth $14,788,000 after purchasing an additional 123,927 shares during the period. Rhumbline Advisers raised its position in shares of Couchbase by 14.3% in the second quarter. Rhumbline Advisers now owns 53,544 shares of the company’s stock worth $978,000 after buying an additional 6,707 shares in the last quarter. Arizona State Retirement System boosted its stake in Couchbase by 28.5% during the second quarter. Arizona State Retirement System now owns 11,032 shares of the company’s stock valued at $201,000 after buying an additional 2,445 shares during the period. Finally, Acadian Asset Management LLC grew its position in Couchbase by 17.6% during the second quarter. Acadian Asset Management LLC now owns 309,737 shares of the company’s stock worth $5,653,000 after buying an additional 46,298 shares in the last quarter. 96.07% of the stock is 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.