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Couchbase, Inc. (NASDAQ:BASE – Get Free Report) SVP Huw Owen sold 11,581 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $26.79, for a total value of $310,254.99. Following the transaction, the senior vice president now directly owns 441,454 shares in the company, valued at approximately $11,826,552.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Huw Owen also recently made the following trade(s):
- On Thursday, January 25th, Huw Owen sold 1,376 shares of Couchbase stock. The shares were sold at an average price of $25.00, for a total value of $34,400.00.
- On Tuesday, January 23rd, Huw Owen sold 3,500 shares of Couchbase stock. The shares were sold at an average price of $25.00, for a total value of $87,500.00.
- On Tuesday, January 2nd, Huw Owen sold 40,604 shares of Couchbase stock. The shares were sold at an average price of $21.38, for a total value of $868,113.52.
Couchbase Trading Down 2.6 %
Shares of BASE traded down $0.69 during trading hours on Tuesday, hitting $25.98. The company had a trading volume of 273,569 shares, compared to its average volume of 511,737. The company has a market capitalization of $1.25 billion, a PE ratio of -15.28 and a beta of 0.72. Couchbase, Inc. has a one year low of $13.28 and a one year high of $32.00. The company’s fifty day moving average price is $26.80 and its two-hundred day moving average price is $21.65.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in BASE. Swiss National Bank increased its position in Couchbase by 7.9% during the 1st quarter. Swiss National Bank now owns 25,800 shares of the company’s stock valued at $449,000 after buying an additional 1,900 shares in the last quarter. JPMorgan Chase & Co. increased its position in Couchbase by 698.1% during the 1st quarter. JPMorgan Chase & Co. now owns 46,673 shares of the company’s stock valued at $813,000 after buying an additional 40,825 shares in the last quarter. Bank of New York Mellon Corp increased its position in Couchbase by 130.7% during the 1st quarter. Bank of New York Mellon Corp now owns 64,384 shares of the company’s stock valued at $1,122,000 after buying an additional 36,474 shares in the last quarter. MetLife Investment Management LLC acquired a new position in Couchbase during the 1st quarter valued at about $255,000. Finally, Metropolitan Life Insurance Co NY acquired a new position in Couchbase during the 1st quarter valued at about $30,000. 96.07% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on BASE shares. Barclays boosted their price objective on Couchbase from $29.00 to $33.00 and gave the company an “equal weight” rating in a report on Wednesday, March 6th. Guggenheim upped their target price on Couchbase from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. DA Davidson upped their target price on Couchbase from $27.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Royal Bank of Canada upped their target price on Couchbase from $32.00 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Finally, Morgan Stanley upped their target price on Couchbase from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Thursday, December 7th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $32.40.
Get Our Latest Analysis on BASE
About Couchbase
Couchbase, Inc provides a database 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 helps in 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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