Couchbase, Inc. (NASDAQ:BASE) CFO Gregory N. Henry Sells 3,982 Shares of Stock

Couchbase, Inc. (NASDAQ:BASE) CFO Gregory N. Henry sold 3,982 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $16.52, for a total value of $65,782.64. Following the completion of the sale, the chief financial officer now owns 393,060 shares in the company, valued at approximately $6,493,351.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Couchbase Stock Performance

BASE opened at $17.05 on Tuesday. Couchbase, Inc. has a one year low of $13.97 and a one year high of $32.00. The company has a market cap of $857.79 million, a P/E ratio of -10.40 and a beta of 0.68. The business’s 50-day simple moving average is $23.10 and its 200-day simple moving average is $24.56.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Barclays cut their price objective on Couchbase from $33.00 to $27.00 and set an “equal weight” rating on the stock in a report on Thursday, June 6th. Wells Fargo & Company cut their price objective on Couchbase from $37.00 to $30.00 and set an “overweight” rating on the stock in a report on Thursday, June 6th. Guggenheim upped their price target on Couchbase from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Royal Bank of Canada cut their price target on Couchbase from $35.00 to $31.00 and set an “outperform” rating on the stock in a report on Thursday, June 6th. Finally, Robert W. Baird cut their price target on Couchbase from $35.00 to $32.00 and set an “outperform” rating on the stock in a report on Thursday, June 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.36.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BASE. NBC Securities Inc. purchased a new position in shares of Couchbase in the 1st quarter valued at about $26,000. AJOVista LLC purchased a new position in shares of Couchbase in the 4th quarter valued at about $74,000. Daiwa Securities Group Inc. purchased a new position in shares of Couchbase in the 4th quarter valued at about $92,000. StepStone Group LP acquired a new stake in shares of Couchbase in the 4th quarter valued at about $133,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Couchbase by 21.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,698 shares of the company’s stock valued at $151,000 after purchasing an additional 1,203 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

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.