Couchbase, Inc. (NASDAQ:BASE - Get Free Report) SVP Huw Owen sold 15,938 shares of Couchbase stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $15.43, for a total transaction of $245,923.34. Following the sale, the senior vice president now owns 427,699 shares in the company, valued at approximately $6,599,395.57. This represents a 3.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Huw Owen also recently made the following trade(s):
- On Friday, January 24th, Huw Owen sold 14,742 shares of Couchbase stock. The shares were sold at an average price of $18.05, for a total value of $266,093.10.
- On Monday, January 6th, Huw Owen sold 2,993 shares of Couchbase stock. The shares were sold at an average price of $16.02, for a total value of $47,947.86.
Couchbase Price Performance
Shares of NASDAQ BASE traded down $1.92 during trading on Friday, reaching $14.04. 1,539,927 shares of the stock traded hands, compared to its average volume of 547,893. The company has a 50-day moving average of $16.62 and a 200-day moving average of $16.66. Couchbase, Inc. has a 52-week low of $12.92 and a 52-week high of $28.67. The stock has a market capitalization of $745.52 million, a P/E ratio of -8.78 and a beta of 0.85.
Couchbase (NASDAQ:BASE - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported ($0.30) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.22). The business had revenue of $54.92 million for the quarter, compared to the consensus estimate of $53.25 million. Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. Analysts expect that Couchbase, Inc. will post -1.48 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms recently commented on BASE. UBS Group cut their price objective on Couchbase from $19.00 to $18.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. Needham & Company LLC restated a "buy" rating and issued a $22.00 price target on shares of Couchbase in a research report on Wednesday, February 26th. Guggenheim decreased their price objective on shares of Couchbase from $30.00 to $26.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Royal Bank of Canada dropped their target price on shares of Couchbase from $25.00 to $22.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Finally, Wells Fargo & Company decreased their price target on Couchbase from $23.00 to $20.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Couchbase presently has an average rating of "Moderate Buy" and an average price target of $22.19.
Get Our Latest Stock Report on BASE
Institutional Investors Weigh In On Couchbase
Several institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its stake in shares of 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 purchasing an additional 93,301 shares during the period. Paloma Partners Management Co bought a new stake in shares of Couchbase during the third quarter valued at about $355,000. Circumference Group LLC lifted its holdings in shares of Couchbase by 64.3% in the third quarter. Circumference Group LLC now owns 230,000 shares of the company's stock worth $3,708,000 after buying an additional 90,000 shares in the last quarter. Portolan Capital Management LLC boosted its position in shares of Couchbase by 77.8% in the third quarter. Portolan Capital Management LLC now owns 874,795 shares of the company's stock valued at $14,102,000 after acquiring an additional 382,851 shares during the period. Finally, Point72 Asset Management L.P. grew its stake in Couchbase by 121.8% during the third quarter. Point72 Asset Management L.P. now owns 28,839 shares of the company's stock valued at $465,000 after acquiring an additional 15,839 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.
About Couchbase
(
Get Free Report)
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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