Couchbase, Inc. (NASDAQ:BASE) CFO Gregory N. Henry Sells 3,853 Shares

Couchbase, Inc. (NASDAQ:BASE - Get Free Report) CFO Gregory N. Henry sold 3,853 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $15.14, for a total transaction of $58,334.42. Following the completion of the transaction, the chief financial officer now owns 336,679 shares in the company, valued at approximately $5,097,320.06. This trade represents a 1.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Couchbase Price Performance

Shares of BASE traded up $0.09 during midday trading on Thursday, reaching $15.59. The stock had a trading volume of 268,263 shares, compared to its average volume of 485,307. The company has a market cap of $816.11 million, a price-to-earnings ratio of -9.74 and a beta of 0.71. The company's fifty day simple moving average is $17.56 and its two-hundred day simple moving average is $17.30. Couchbase, Inc. has a 1-year low of $13.53 and a 1-year high of $32.00.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BASE shares. Stifel Nicolaus lifted their price objective on shares of Couchbase from $20.00 to $22.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Needham & Company LLC restated a "buy" rating and issued a $22.00 price objective on shares of Couchbase in a report on Wednesday, December 4th. Barclays raised their price target on shares of Couchbase from $19.00 to $23.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. UBS Group lowered their target price on Couchbase from $24.00 to $19.00 and set a "neutral" rating on the stock in a report on Thursday, September 5th. Finally, Oppenheimer reduced their price target on Couchbase from $25.00 to $23.00 and set an "outperform" rating on the stock in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $23.13.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BASE. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Couchbase in the third quarter valued at approximately $772,000. Charles Schwab Investment Management Inc. raised its stake in Couchbase by 33.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 369,190 shares of the company's stock valued at $5,951,000 after acquiring an additional 93,301 shares during the last quarter. 272 Capital LP purchased a new stake in Couchbase during the 3rd quarter valued at approximately $3,720,000. Horrell Capital Management Inc. lifted its position in Couchbase by 64.3% during the 3rd quarter. Horrell Capital Management Inc. now owns 230,000 shares of the company's stock worth $3,708,000 after acquiring an additional 90,000 shares during the period. Finally, Franklin Resources Inc. grew its stake in shares of Couchbase by 27.3% in the 3rd quarter. Franklin Resources Inc. now owns 1,647,334 shares of the company's stock valued at $27,379,000 after purchasing an additional 353,233 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

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.