Thompson Siegel & Walmsley LLC Acquires New Position in Couchbase, Inc. (NASDAQ:BASE)

Thompson Siegel & Walmsley LLC purchased a new position in shares of Couchbase, Inc. (NASDAQ:BASE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 30,000 shares of the company's stock, valued at approximately $468,000. Thompson Siegel & Walmsley LLC owned about 0.06% of Couchbase as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. raised its holdings in Couchbase by 22.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company's stock worth $65,000 after purchasing an additional 759 shares during the last quarter. Ceera Investments LLC raised its holdings in Couchbase by 3.0% during the 4th quarter. Ceera Investments LLC now owns 32,920 shares of the company's stock worth $513,000 after purchasing an additional 960 shares during the last quarter. SG Americas Securities LLC raised its holdings in Couchbase by 12.2% during the 4th quarter. SG Americas Securities LLC now owns 13,546 shares of the company's stock worth $211,000 after purchasing an additional 1,472 shares during the last quarter. Swiss National Bank raised its holdings 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 purchasing an additional 2,100 shares during the last quarter. Finally, Alpha DNA Investment Management LLC raised its holdings in Couchbase by 20.4% during the 3rd quarter. Alpha DNA Investment Management LLC now owns 27,306 shares of the company's stock worth $440,000 after purchasing an additional 4,629 shares during the last quarter. Institutional investors own 96.07% of the company's stock.

Remove Ads

Analysts Set New Price Targets

BASE has been the subject of several analyst reports. The Goldman Sachs Group lowered their price target on shares of Couchbase from $18.00 to $16.00 and set a "sell" rating for the company in a report on Thursday, February 27th. DA Davidson reaffirmed a "buy" rating and set a $25.00 price objective on shares of Couchbase in a research report on Wednesday, December 4th. Stifel Nicolaus raised their price objective on shares of Couchbase from $20.00 to $22.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. Piper Sandler raised their price objective on shares of Couchbase from $21.00 to $22.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Finally, Barclays reduced their price objective on shares of Couchbase from $23.00 to $22.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $22.19.

Insider Transactions at Couchbase

In other news, SVP Margaret Chow sold 15,000 shares of Couchbase stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $18.31, for a total transaction of $274,650.00. Following the sale, the senior vice president now directly owns 133,067 shares in the company, valued at $2,436,456.77. The trade was a 10.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Gregory N. Henry sold 9,820 shares of Couchbase stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $17.62, for a total value of $173,028.40. Following the sale, the chief financial officer now owns 304,555 shares in the company, valued at $5,366,259.10. The trade was a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 54,883 shares of company stock worth $950,915 in the last ninety days. Company insiders own 16.10% of the company's stock.

Couchbase Stock Up 3.1 %

NASDAQ:BASE traded up $0.41 during trading hours on Wednesday, hitting $13.58. 2,514,919 shares of the company traded hands, compared to its average volume of 502,836. The firm's 50-day simple moving average is $17.00 and its 200-day simple moving average is $16.77. Couchbase, Inc. has a one year low of $12.92 and a one year high of $28.67. The company has a market cap of $710.89 million, a PE ratio of -8.49 and a beta of 0.81.

Couchbase (NASDAQ:BASE - Get Free Report) last issued its quarterly earnings data 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 net margin of 39.31% and a negative return on equity of 57.22%. The company had revenue of $54.92 million for the quarter, compared to the consensus estimate of $53.25 million. As a group, equities research analysts expect that Couchbase, Inc. will post -1.48 EPS for the current 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.