KLP Kapitalforvaltning AS Invests $112,000 in Couchbase, Inc. (NASDAQ:BASE)

KLP Kapitalforvaltning AS bought a new position in shares of Couchbase, Inc. (NASDAQ:BASE) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 7,200 shares of the company’s stock, valued at approximately $112,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Knights of Columbus Asset Advisors LLC lifted its position in Couchbase by 33.7% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 100,011 shares of the company’s stock valued at $1,559,000 after acquiring an additional 25,227 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Couchbase during the fourth quarter worth about $249,000. Thompson Siegel & Walmsley LLC purchased a new stake in shares of Couchbase in the 4th quarter valued at about $468,000. ANTIPODES PARTNERS Ltd acquired a new stake in shares of Couchbase in the 4th quarter valued at about $198,000. Finally, Swiss National Bank grew its stake in Couchbase by 2.7% during the 4th quarter. Swiss National Bank now owns 80,700 shares of the company’s stock worth $1,258,000 after buying an additional 2,100 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

BASE has been the subject of a number of research reports. Truist Financial assumed coverage on Couchbase in a research note on Thursday, December 12th. They issued a “buy” rating and a $21.00 price objective for the company. UBS Group decreased their price target on shares of Couchbase from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. The Goldman Sachs Group dropped their price objective on shares of Couchbase from $18.00 to $16.00 and set a “sell” rating on the stock in a research note on Thursday, February 27th. Wells Fargo & Company decreased their target price on shares of Couchbase from $23.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. Finally, Rosenblatt Securities started coverage on Couchbase in a research report on Wednesday. They issued a “buy” rating and a $20.00 price target on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.06.

Couchbase Stock Down 5.5 %

NASDAQ:BASE opened at $14.78 on Friday. The firm’s fifty day simple moving average is $16.24 and its 200-day simple moving average is $16.66. The stock has a market cap of $784.82 million, a PE ratio of -9.24 and a beta of 0.85. Couchbase, Inc. has a fifty-two week low of $12.78 and a fifty-two week high of $28.67.

Couchbase (NASDAQ:BASE) last issued its earnings results on Tuesday, February 25th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.22). Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. The company had revenue of $54.92 million for the quarter, compared to analyst estimates of $53.25 million. Equities analysts anticipate that Couchbase, Inc. will post -1.48 earnings per share for the current year.

Insider Activity at Couchbase

In related news, SVP Huw Owen sold 14,742 shares of the stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $18.05, for a total value of $266,093.10. Following the sale, the senior vice president now directly owns 311,251 shares of the company’s stock, valued at approximately $5,618,080.55. This represents a 4.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Gregory N. Henry sold 9,820 shares of Couchbase stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $17.62, for a total transaction of $173,028.40. Following the transaction, the chief financial officer now owns 304,555 shares of the company’s stock, valued at approximately $5,366,259.10. The trade was a 3.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 56,400 shares of company stock valued at $975,265 in the last ninety days. Corporate insiders own 16.10% of the company’s stock.

Couchbase Profile

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.