24,100 Shares in Couchbase, Inc. (NASDAQ:BASE) Acquired by Maytree Asset Management Ltd

Maytree Asset Management Ltd acquired a new stake in Couchbase, Inc. (NASDAQ:BASE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 24,100 shares of the company's stock, valued at approximately $376,000. Couchbase accounts for approximately 0.9% of Maytree Asset Management Ltd's holdings, making the stock its 12th largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Harbor Capital Advisors Inc. lifted its stake in shares of Couchbase by 15.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company's stock worth $112,000 after buying an additional 956 shares during the last quarter. SG Americas Securities LLC lifted its position in Couchbase by 12.2% during the fourth quarter. SG Americas Securities LLC now owns 13,546 shares of the company's stock worth $211,000 after acquiring an additional 1,472 shares during the last quarter. Creative Planning boosted its holdings in shares of Couchbase by 59.0% during the third quarter. Creative Planning now owns 17,335 shares of the company's stock worth $279,000 after acquiring an additional 6,433 shares during the period. US Bancorp DE grew its position in shares of Couchbase by 147.8% in the third quarter. US Bancorp DE now owns 19,528 shares of the company's stock valued at $315,000 after purchasing an additional 11,648 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new position in shares of Couchbase in the third quarter valued at approximately $355,000. Institutional investors own 96.07% of the company's stock.

Couchbase Stock Performance

Shares of Couchbase stock traded down $0.40 during trading on Friday, reaching $17.90. 904,260 shares of the company's stock were exchanged, compared to its average volume of 440,528. The firm's 50-day moving average price is $16.87 and its 200 day moving average price is $17.04. The company has a market cap of $937.07 million, a P/E ratio of -11.19 and a beta of 0.81. Couchbase, Inc. has a 1-year low of $13.53 and a 1-year high of $32.00.

Couchbase (NASDAQ:BASE - Get Free Report) last posted its earnings results on Tuesday, December 3rd. The company reported ($0.35) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.27). Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. During the same quarter in the prior year, the firm posted ($0.34) earnings per share. As a group, equities research analysts predict that Couchbase, Inc. will post -1.48 EPS for the current year.

Insider Activity at Couchbase

In other news, SVP Huw Owen sold 7,575 shares of the business's stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $15.22, for a total transaction of $115,291.50. Following the sale, the senior vice president now directly owns 341,709 shares in the company, valued at approximately $5,200,810.98. The trade was a 2.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Gregory N. Henry sold 3,853 shares of the firm's stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $15.14, for a total transaction of $58,334.42. Following the completion of the transaction, the chief financial officer now owns 336,679 shares of the company's stock, valued at approximately $5,097,320.06. This trade represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 54,883 shares of company stock valued at $950,915 in the last quarter. Insiders own 16.10% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on BASE. Truist Financial initiated coverage on Couchbase in a research note on Thursday, December 12th. They issued a "buy" rating and a $21.00 price target for the company. Guggenheim reissued a "buy" rating and issued a $30.00 target price on shares of Couchbase in a research report on Wednesday, December 4th. DA Davidson restated a "buy" rating and issued a $25.00 price target on shares of Couchbase in a research note on Wednesday, December 4th. Robert W. Baird cut their price objective on shares of Couchbase from $27.00 to $25.00 and set an "outperform" rating for the company in a report on Wednesday, December 4th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $25.00 target price on shares of Couchbase in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.13.

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.