Dynamic Technology Lab Private Ltd Makes New $772,000 Investment in Couchbase, Inc. (NASDAQ:BASE)

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Couchbase, Inc. (NASDAQ:BASE - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 47,914 shares of the company's stock, valued at approximately $772,000. Dynamic Technology Lab Private Ltd owned approximately 0.09% of Couchbase as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Couchbase by 6.0% in the 1st quarter. Vanguard Group Inc. now owns 4,029,423 shares of the company's stock valued at $106,014,000 after purchasing an additional 227,828 shares in the last quarter. EVR Research LP lifted its stake in Couchbase by 9.4% in the second quarter. EVR Research LP now owns 2,081,585 shares of the company's stock worth $38,010,000 after purchasing an additional 179,585 shares during the last quarter. Pembroke Management LTD boosted its position in Couchbase by 18.1% during the second quarter. Pembroke Management LTD now owns 809,876 shares of the company's stock valued at $14,788,000 after buying an additional 123,927 shares during the period. Hood River Capital Management LLC grew its stake in shares of Couchbase by 7.8% during the second quarter. Hood River Capital Management LLC now owns 1,629,893 shares of the company's stock valued at $29,762,000 after buying an additional 118,372 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Couchbase by 33.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 369,190 shares of the company's stock valued at $5,951,000 after buying an additional 93,301 shares during the last quarter. Institutional investors own 96.07% of the company's stock.

Insider Transactions at Couchbase

In related news, Director Edward T. Anderson acquired 21,080 shares of Couchbase stock in a transaction that occurred on Thursday, September 19th. The stock was bought at an average price of $14.16 per share, with a total value of $298,492.80. Following the transaction, the director now directly owns 85,902 shares in the company, valued at approximately $1,216,372.32. This represents a 32.52 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Huw Owen sold 6,736 shares of Couchbase stock in a transaction on Friday, September 27th. The shares were sold at an average price of $15.07, for a total value of $101,511.52. Following the transaction, the senior vice president now owns 373,647 shares of the company's stock, valued at $5,630,860.29. The trade was a 1.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,448 shares of company stock valued at $180,742 in the last three months. 16.10% of the stock is currently owned by company insiders.

Couchbase Trading Up 0.9 %

Couchbase stock traded up $0.18 during trading hours on Friday, hitting $20.51. 192,612 shares of the stock traded hands, compared to its average volume of 474,043. Couchbase, Inc. has a one year low of $13.53 and a one year high of $32.00. The firm's 50-day moving average price is $17.10 and its two-hundred day moving average price is $18.44. The company has a market cap of $1.05 billion, a PE ratio of -12.90 and a beta of 0.59.

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on BASE shares. Royal Bank of Canada restated an "outperform" rating and set a $25.00 target price on shares of Couchbase in a report on Thursday, September 5th. DA Davidson dropped their price objective on Couchbase from $30.00 to $25.00 and set a "buy" rating for the company in a research note on Thursday, September 5th. Needham & Company LLC reaffirmed a "buy" rating and issued a $22.00 target price on shares of Couchbase in a research note on Thursday, September 5th. Piper Sandler Companies assumed coverage on shares of Couchbase in a research report on Friday, August 16th. They set an "overweight" rating and a $22.00 price target for the company. Finally, Barclays raised their price target on shares of Couchbase from $19.00 to $23.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $23.40.

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.