Couchbase, Inc. (NASDAQ:BASE) SVP Huw Owen Sells 10,716 Shares

Couchbase, Inc. (NASDAQ:BASE - Get Free Report) SVP Huw Owen sold 10,716 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $24.44, for a total value of $261,899.04. Following the sale, the senior vice president now directly owns 393,693 shares of the company's stock, valued at $9,621,856.92. The trade was a 2.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Friday, March 28th, Huw Owen sold 15,938 shares of Couchbase stock. The shares were sold at an average price of $15.43, for a total transaction of $245,923.34.

Couchbase Stock Down 0.7%

Shares of BASE stock traded down $0.17 during trading hours on Tuesday, hitting $24.41. 2,767,190 shares of the company were exchanged, compared to its average volume of 670,849. Couchbase, Inc. has a 1 year low of $12.78 and a 1 year high of $25.16. The firm has a fifty day moving average of $18.14 and a 200 day moving average of $16.87. The firm has a market cap of $1.32 billion, a PE ratio of -17.82 and a beta of 0.82.

Couchbase (NASDAQ:BASE - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported ($0.06) earnings per share for the quarter, beating analysts' consensus estimates of ($0.08) by $0.02. Couchbase had a negative net margin of 33.23% and a negative return on equity of 55.25%. The company had revenue of $56.52 million for the quarter, compared to analyst estimates of $55.59 million. During the same quarter last year, the business earned ($0.10) EPS. Couchbase's revenue for the quarter was up 10.1% on a year-over-year basis. Analysts expect that Couchbase, Inc. will post -1.48 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Royal Bank Of Canada reissued an "outperform" rating and issued a $22.00 price target on shares of Couchbase in a report on Wednesday, June 4th. UBS Group raised their target price on Couchbase from $18.00 to $20.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Rosenblatt Securities cut shares of Couchbase from a "strong-buy" rating to a "hold" rating and upped their price target for the stock from $22.00 to $24.50 in a research note on Friday. DA Davidson downgraded shares of Couchbase from a "strong-buy" rating to a "hold" rating and cut their price target for the company from $25.00 to $24.50 in a report on Friday. Finally, Guggenheim lowered their target price on shares of Couchbase from $30.00 to $26.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $23.09.

Institutional Investors Weigh In On Couchbase

Several institutional investors and hedge funds have recently added to or reduced their stakes in BASE. MetLife Investment Management LLC grew its holdings in shares of Couchbase by 5.9% during the 4th quarter. MetLife Investment Management LLC now owns 24,172 shares of the company's stock worth $377,000 after purchasing an additional 1,342 shares during the period. Intech Investment Management LLC acquired a new position in Couchbase during the fourth quarter valued at approximately $249,000. Congress Asset Management Co. purchased a new stake in Couchbase during the first quarter worth approximately $5,650,000. Harbor Capital Advisors Inc. increased its position in shares of Couchbase by 33.3% in the first quarter. Harbor Capital Advisors Inc. now owns 8,972 shares of the company's stock worth $141,000 after acquiring an additional 2,240 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Couchbase by 11.1% in the 4th quarter. Northern Trust Corp now owns 367,884 shares of the company's stock valued at $5,735,000 after acquiring an additional 36,828 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

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.

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