272 Capital LP Makes New $1.57 Million Investment in Couchbase, Inc. (NASDAQ:BASE)

272 Capital LP bought a new position in shares of Couchbase, Inc. (NASDAQ:BASE - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 100,067 shares of the company's stock, valued at approximately $1,566,000. Couchbase accounts for approximately 1.7% of 272 Capital LP's portfolio, making the stock its 19th largest holding. 272 Capital LP owned approximately 0.19% of Couchbase at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wasatch Advisors LP grew its stake in shares of Couchbase by 56.4% in the 3rd quarter. Wasatch Advisors LP now owns 990,331 shares of the company's stock worth $15,964,000 after purchasing an additional 357,169 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Couchbase during the third quarter valued at approximately $772,000. Alpha DNA Investment Management LLC boosted its holdings in Couchbase by 20.4% during the third quarter. Alpha DNA Investment Management LLC now owns 27,306 shares of the company's stock worth $440,000 after buying an additional 4,629 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Couchbase by 33.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 369,190 shares of the company's stock worth $5,951,000 after buying an additional 93,301 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of Couchbase by 15.9% in the third quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company's stock valued at $112,000 after buying an additional 956 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

Couchbase Trading Up 0.9 %

BASE stock traded up $0.18 during mid-day trading on Friday, hitting $20.51. The stock had a trading volume of 192,612 shares, compared to its average volume of 283,923. Couchbase, Inc. has a 1-year low of $13.53 and a 1-year high of $32.00. The company has a fifty day moving average of $17.24 and a 200 day moving average of $18.35. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of -12.90 and a beta of 0.59.

Couchbase (NASDAQ:BASE - Get Free Report) last issued its quarterly earnings data on Wednesday, September 4th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.03. The firm had revenue of $51.60 million for the quarter, compared to analyst estimates of $51.11 million. Couchbase had a negative net margin of 39.51% and a negative return on equity of 54.84%. The company's revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.44) earnings per share. As a group, sell-side analysts expect that Couchbase, Inc. will post -1.51 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Edward T. Anderson acquired 21,080 shares of Couchbase stock in a transaction dated Thursday, September 19th. The stock was acquired at an average cost of $14.16 per share, for a total transaction of $298,492.80. Following the completion of the purchase, the director now owns 85,902 shares of the company's stock, valued at $1,216,372.32. This represents a 32.52 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Huw Owen sold 6,736 shares of the firm's stock in a transaction on Friday, September 27th. The shares were sold at an average price of $15.07, for a total transaction of $101,511.52. Following the completion of the transaction, the senior vice president now owns 373,647 shares in the company, valued at $5,630,860.29. The trade was a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,448 shares of company stock worth $180,742. Corporate insiders own 16.10% of the company's stock.

Analyst Ratings Changes

BASE has been the subject of several research reports. Piper Sandler Companies began coverage on Couchbase in a research note on Friday, August 16th. They set an "overweight" rating and a $22.00 price objective for the company. Stifel Nicolaus decreased their price target on Couchbase from $25.00 to $20.00 and set a "buy" rating for the company in a research report on Thursday, September 5th. Wedbush assumed coverage on Couchbase in a report on Thursday, October 17th. They set an "outperform" rating and a $26.00 price objective on the stock. Wells Fargo & Company decreased their target price on shares of Couchbase from $30.00 to $23.00 and set an "overweight" rating for the company in a report on Thursday, September 5th. Finally, Needham & Company LLC restated a "buy" rating and set a $22.00 price target on shares of Couchbase in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $23.40.

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.