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 the business's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $24.28, for a total transaction of $385,396.44. Following the completion of the sale, the senior vice president now directly owns 377,820 shares of the company's stock, valued at approximately $9,173,469.60. This trade represents a 4.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 stock was sold at an average price of $24.44, for a total value of $261,899.04.

Couchbase Stock Down 0.2%

Shares of Couchbase stock traded down $0.05 during trading on Friday, reaching $24.36. The company's stock had a trading volume of 1,866,330 shares, compared to its average volume of 933,669. The business has a 50 day moving average price of $18.71 and a 200-day moving average price of $17.03. Couchbase, Inc. has a 12-month low of $12.78 and a 12-month high of $25.16. The company has a market capitalization of $1.32 billion, a P/E ratio of -17.78 and a beta of 0.82.

Couchbase (NASDAQ:BASE - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported ($0.06) EPS for the quarter, topping 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 business's revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.10) EPS. Research analysts predict that Couchbase, Inc. will post -1.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Stifel Nicolaus set a $24.50 target price on Couchbase and gave the company a "hold" rating in a research report on Tuesday. Rosenblatt Securities downgraded Couchbase from a "strong-buy" rating to a "hold" rating and increased their price objective for the company from $22.00 to $24.50 in a report on Friday, June 20th. Royal Bank Of Canada cut shares of Couchbase from a "moderate buy" rating to a "hold" rating in a report on Friday, June 20th. Truist Financial reiterated a "hold" rating and set a $24.50 price target (up previously from $21.00) on shares of Couchbase in a research note on Monday. Finally, DA Davidson downgraded shares of Couchbase from a "strong-buy" rating to a "hold" rating and lowered their price objective for the stock from $25.00 to $24.50 in a research report on Friday, June 20th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $23.09.

Institutional Investors Weigh In On Couchbase

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rhumbline Advisers lifted its holdings in shares of Couchbase by 26.2% in the fourth quarter. Rhumbline Advisers now owns 64,229 shares of the company's stock valued at $1,001,000 after purchasing an additional 13,345 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Couchbase by 8.3% during the 4th quarter. Bank of New York Mellon Corp now owns 134,799 shares of the company's stock worth $2,102,000 after purchasing an additional 10,333 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Couchbase by 7.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 396,699 shares of the company's stock worth $6,185,000 after purchasing an additional 27,509 shares during the last quarter. Ceera Investments LLC lifted its stake in Couchbase by 3.0% in the 4th quarter. Ceera Investments LLC now owns 32,920 shares of the company's stock valued at $513,000 after buying an additional 960 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in Couchbase by 22.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company's stock valued at $65,000 after buying an additional 759 shares in the last quarter. 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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