Rhumbline Advisers Raises Position in Couchbase, Inc. (NASDAQ:BASE)

Rhumbline Advisers grew its stake in Couchbase, Inc. (NASDAQ:BASE) by 26.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 64,229 shares of the company’s stock after purchasing an additional 13,345 shares during the period. Rhumbline Advisers’ holdings in Couchbase were worth $1,001,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC lifted its position in Couchbase by 12.2% in the fourth quarter. SG Americas Securities LLC now owns 13,546 shares of the company’s stock worth $211,000 after buying an additional 1,472 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Couchbase by 169.8% in the third quarter. JPMorgan Chase & Co. now owns 192,216 shares of the company’s stock valued at $3,099,000 after acquiring an additional 120,975 shares during the period. 272 Capital LP bought a new stake in shares of Couchbase in the 3rd quarter worth about $3,720,000. Franklin Resources Inc. boosted its stake in shares of Couchbase by 27.3% during the 3rd quarter. Franklin Resources Inc. now owns 1,647,334 shares of the company’s stock worth $27,379,000 after purchasing an additional 353,233 shares during the period. Finally, Barclays PLC grew its holdings in Couchbase by 242.9% during the 3rd quarter. Barclays PLC now owns 75,602 shares of the company’s stock valued at $1,218,000 after purchasing an additional 53,555 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Insider Buying and Selling

In other Couchbase news, SVP Margaret Chow sold 15,000 shares of Couchbase stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $18.31, for a total value of $274,650.00. Following the transaction, the senior vice president now directly owns 133,067 shares of the company’s stock, valued at approximately $2,436,456.77. The trade was a 10.13 % 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 the SEC website. Also, SVP Huw Owen sold 2,993 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $16.02, for a total value of $47,947.86. Following the sale, the senior vice president now owns 325,993 shares of the company’s stock, valued at approximately $5,222,407.86. This represents a 0.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,883 shares of company stock worth $950,915 in the last three months. 16.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BASE shares. Barclays decreased their price objective on shares of Couchbase from $23.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. The Goldman Sachs Group decreased their price target on Couchbase from $18.00 to $16.00 and set a “sell” rating for the company in a research note on Thursday, February 27th. DA Davidson reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Couchbase in a research report on Wednesday, December 4th. Truist Financial assumed coverage on Couchbase in a research report on Thursday, December 12th. They set a “buy” rating and a $21.00 target price for the company. Finally, Morgan Stanley lowered their target price on shares of Couchbase from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $22.19.

Couchbase Stock Performance

NASDAQ:BASE opened at $16.81 on Friday. The firm has a 50-day simple moving average of $17.19 and a 200-day simple moving average of $17.02. Couchbase, Inc. has a one year low of $13.53 and a one year high of $29.69. The firm has a market cap of $879.97 million, a P/E ratio of -10.51 and a beta of 0.81.

Couchbase (NASDAQ:BASE) last posted 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). 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 analysts’ expectations of $53.25 million. On average, research analysts predict that Couchbase, Inc. will post -1.48 EPS for the current fiscal year.

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.