Couchbase, Inc. (NASDAQ:BASE) SVP Sells $261,899.04 in Stock

Couchbase, Inc. (NASDAQ:BASE - Get Free Report) SVP Huw Owen sold 10,716 shares of Couchbase stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $24.44, for a total value of $261,899.04. Following the completion of the sale, the senior vice president now directly owns 393,693 shares in the company, valued at approximately $9,621,856.92. This represents a 2.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Wednesday, June 25th, Huw Owen sold 15,873 shares of Couchbase stock. The shares were sold at an average price of $24.28, for a total value of $385,396.44.
• 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 Price Performance

BASE opened at $24.36 on Friday. Couchbase, Inc. has a fifty-two week low of $12.78 and a fifty-two week high of $25.16. The firm has a market capitalization of $1.32 billion, a PE ratio of -17.78 and a beta of 0.82. The company's 50-day moving average is $18.90 and its 200 day moving average is $17.09.

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

Analyst Upgrades and Downgrades

BASE has been the subject of several research analyst reports. William Blair downgraded Couchbase from a "strong-buy" rating to a "hold" rating in a research note on Friday, June 20th. UBS Group raised their target price on shares of Couchbase from $18.00 to $20.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Morgan Stanley raised their price target on Couchbase from $18.00 to $19.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 4th. Robert W. Baird reissued a "neutral" rating and issued a $25.00 target price (up from $22.00) on shares of Couchbase in a report on Monday, June 23rd. Finally, Baird R W cut Couchbase from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 23rd. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $23.09.

Hedge Funds Weigh In On Couchbase

Hedge funds and other institutional investors have recently modified their holdings of the business. Quarry LP bought a new stake in Couchbase during the fourth quarter worth $35,000. AlphaQuest LLC grew its position in Couchbase by 20.5% during the first quarter. AlphaQuest LLC now owns 3,631 shares of the company's stock valued at $57,000 after buying an additional 617 shares during the period. Daiwa Securities Group Inc. increased its holdings in Couchbase by 22.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company's stock worth $65,000 after buying an additional 759 shares during the last quarter. Summit Investment Advisors Inc. increased its holdings in Couchbase by 24.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,161 shares of the company's stock worth $65,000 after buying an additional 807 shares during the last quarter. Finally, CWM LLC raised its position in Couchbase by 272.9% in the first quarter. CWM LLC now owns 4,191 shares of the company's stock worth $66,000 after acquiring an additional 3,067 shares during the period. Hedge funds and other institutional investors own 96.07% of the company's stock.

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.