230,747 Shares in Couchbase, Inc. (NASDAQ:BASE) Bought by 272 Capital LP

272 Capital LP purchased a new stake in shares of Couchbase, Inc. (NASDAQ:BASE - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 230,747 shares of the company's stock, valued at approximately $3,720,000. Couchbase accounts for 1.9% of 272 Capital LP's holdings, making the stock its 20th biggest position. 272 Capital LP owned approximately 0.45% of Couchbase at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BASE. Portolan Capital Management LLC raised its position in shares of Couchbase by 77.8% during the 3rd quarter. Portolan Capital Management LLC now owns 874,795 shares of the company's stock worth $14,102,000 after purchasing an additional 382,851 shares during the last quarter. Wasatch Advisors LP raised its holdings in shares of Couchbase by 56.4% during the third quarter. Wasatch Advisors LP now owns 990,331 shares of the company's stock valued at $15,964,000 after acquiring an additional 357,169 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Couchbase by 27.3% during the third 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 in the last quarter. EVR Research LP raised its stake in Couchbase by 9.4% in the 2nd quarter. EVR Research LP now owns 2,081,585 shares of the company's stock valued at $38,010,000 after purchasing an additional 179,585 shares during the last quarter. Finally, Pembroke Management LTD lifted its holdings in Couchbase by 18.1% in the 2nd quarter. Pembroke Management LTD now owns 809,876 shares of the company's stock valued at $14,788,000 after purchasing an additional 123,927 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Insiders Place Their Bets

In other news, Director Edward T. Anderson bought 21,080 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was purchased at an average price 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 in the company, valued at approximately $1,216,372.32. This trade represents a 32.52 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Huw Owen sold 6,736 shares of Couchbase stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $15.07, for a total value of $101,511.52. Following the sale, the senior vice president now directly owns 373,647 shares of the company's stock, valued at $5,630,860.29. This trade represents a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,548 shares of company stock worth $163,390 in the last quarter. 16.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on BASE. UBS Group lowered their price target on shares of Couchbase from $24.00 to $19.00 and set a "neutral" rating on the stock in a research report on Thursday, September 5th. Royal Bank of Canada reiterated an "outperform" rating and set a $25.00 price target on shares of Couchbase in a report on Wednesday, December 4th. Robert W. Baird dropped 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. Truist Financial initiated coverage on shares of Couchbase in a report on Thursday. They issued a "buy" rating and a $21.00 target price on the stock. Finally, Guggenheim reissued a "buy" rating and issued a $30.00 price target on shares of Couchbase in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $23.13.

Couchbase Price Performance

Couchbase stock traded down $0.81 during mid-day trading on Friday, reaching $15.34. 489,195 shares of the company's stock were exchanged, compared to its average volume of 486,005. Couchbase, Inc. has a twelve month low of $13.53 and a twelve month high of $32.00. The company has a fifty day moving average of $17.66 and a 200-day moving average of $17.79.

Couchbase Company 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.