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Couchbase , Inc. (NASDAQ:BASE) Chair, President, and CEO Matthew M. Cain, sold 12,357 shares of common stock on July 15, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The company, currently valued at $1.33 billion, has seen its stock surge nearly 48% over the past six months, trading near its 52-week high of $25.16. The shares were sold at a weighted average price of $24.3034, for a total transaction value of $300,317.
The prices for the shares sold ranged from $24.2800 to $24.3800. The sale was executed under a Rule 10b5-1 trading plan adopted on October 3, 2024. Following the transaction, Cain directly owns 870,848 shares of Couchbase, Inc.
In other recent news, Couchbase Inc. has entered into a definitive agreement to be acquired by Haveli Investments in an all-cash transaction valued at approximately $1.5 billion, offering stockholders $24.50 per share. This acquisition represents a 67% premium to Couchbase’s stock price as of March 27, 2025. Following the announcement, several analyst firms have adjusted their ratings for Couchbase. Baird downgraded the stock from Outperform to Neutral, raising the price target to $25.00 to reflect the acquisition price. Similarly, William Blair downgraded Couchbase from Outperform to Market Perform, and Rosenblatt Securities moved its rating from Buy to Neutral, aligning its price target with the acquisition offer. Meanwhile, UBS analysts raised Couchbase’s stock price target to $20 following mixed first-quarter results, maintaining a Neutral rating. The company’s annual recurring revenue (ARR) grew by 21% in the first quarter, surpassing expectations, while overall revenue increased by 10%. The transaction with Haveli Investments is anticipated to close in the second half of 2025, subject to customary approvals.
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