Couchbase, Inc. (NASDAQ:BASE) SVP Sells $385,396.44 in Stock

Couchbase, Inc. (NASDAQ:BASE - Get Free Report) SVP Huw Owen sold 15,873 shares of Couchbase stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $24.28, for a total value of $385,396.44. Following the transaction, the senior vice president owned 377,820 shares of the company's stock, valued at $9,173,469.60. This trade represents a 4.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Friday, June 20th, Huw Owen sold 10,716 shares of Couchbase stock. The shares were sold at an average price of $24.44, for a total value of $261,899.04.

Couchbase Stock Up 0.1%

Couchbase stock traded up $0.02 during midday trading on Monday, reaching $24.38. The stock had a trading volume of 1,388,963 shares, compared to its average volume of 687,044. The firm has a market capitalization of $1.32 billion, a PE ratio of -17.80 and a beta of 0.82. Couchbase, Inc. has a 12 month low of $12.78 and a 12 month high of $25.16. The firm's 50-day moving average price is $19.09 and its 200 day moving average price is $17.16.

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BASE. DA Davidson downgraded shares of Couchbase from a "strong-buy" rating to a "hold" rating and lowered their target price for the company from $25.00 to $24.50 in a report on Friday, June 20th. Robert W. Baird reiterated a "neutral" rating and issued a $25.00 price objective (up previously from $22.00) on shares of Couchbase in a research note on Monday, June 23rd. Morgan Stanley lifted their target price on shares of Couchbase from $18.00 to $19.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 4th. UBS Group upped 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. Finally, Royal Bank Of Canada downgraded Couchbase from a "moderate buy" rating to a "hold" rating in a research report on Friday, June 20th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Couchbase currently has an average rating of "Hold" and an average target price of $23.09.

Hedge Funds Weigh In On Couchbase

Several hedge funds have recently made changes to their positions in BASE. Irenic Capital Management LP purchased a new stake in Couchbase during the 1st quarter worth about $26,356,000. Hood River Capital Management LLC increased its position in shares of Couchbase by 38.2% during the fourth quarter. Hood River Capital Management LLC now owns 2,738,468 shares of the company's stock valued at $42,693,000 after buying an additional 756,394 shares during the period. Wasatch Advisors LP lifted its holdings in shares of Couchbase by 72.0% in the fourth quarter. Wasatch Advisors LP now owns 1,703,267 shares of the company's stock worth $26,554,000 after buying an additional 712,936 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Couchbase by 26.8% in the fourth quarter. Franklin Resources Inc. now owns 2,089,104 shares of the company's stock valued at $32,569,000 after acquiring an additional 441,770 shares during the period. Finally, Congress Asset Management Co. purchased a new position in Couchbase during the first quarter valued at approximately $5,650,000. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

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.