Bamco Inc. NY Trims Stake in Couchbase, Inc. (NASDAQ:BASE)

Bamco Inc. NY lessened its stake in Couchbase, Inc. (NASDAQ:BASE - Free Report) by 25.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,410,647 shares of the company's stock after selling 476,057 shares during the period. Bamco Inc. NY owned 2.75% of Couchbase worth $22,740,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Point72 Asset Management L.P. lifted its position in shares of Couchbase by 5.7% during the 2nd quarter. Point72 Asset Management L.P. now owns 13,000 shares of the company's stock valued at $237,000 after acquiring an additional 700 shares during the last quarter. Harbor Capital Advisors Inc. lifted 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 purchasing an additional 956 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Couchbase by 9.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,770 shares of the company's stock valued at $379,000 after buying an additional 1,865 shares during the period. Arizona State Retirement System raised its stake in shares of Couchbase by 28.5% during the 2nd quarter. Arizona State Retirement System now owns 11,032 shares of the company's stock worth $201,000 after purchasing an additional 2,445 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Couchbase in the second quarter valued at approximately $47,000. Institutional investors and hedge funds own 96.07% of the company's stock.

Couchbase Stock Up 1.4 %

NASDAQ BASE traded up $0.28 on Tuesday, hitting $20.80. 154,023 shares of the company were exchanged, compared to its average volume of 472,338. The stock has a fifty day moving average of $17.24 and a 200-day moving average of $18.29. Couchbase, Inc. has a 12 month low of $13.53 and a 12 month high of $32.00.

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on BASE. Oppenheimer reduced their price objective on shares of Couchbase from $25.00 to $23.00 and set an "outperform" rating for the company in a research note on Thursday, September 5th. Piper Sandler Companies assumed coverage on Couchbase in a research report on Friday, August 16th. They issued an "overweight" rating and a $22.00 price target on the stock. Barclays boosted their target price on shares of Couchbase from $19.00 to $23.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Stifel Nicolaus reduced their price target on shares of Couchbase from $25.00 to $20.00 and set a "buy" rating for the company in a report on Thursday, September 5th. Finally, Robert W. Baird lowered their price target on Couchbase from $32.00 to $27.00 and set an "outperform" rating on the stock in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Couchbase presently has an average rating of "Moderate Buy" and an average price target of $23.40.

Insider Transactions at Couchbase

In other Couchbase news, Director Edward T. Anderson purchased 21,080 shares of Couchbase stock in a transaction that occurred on Thursday, September 19th. The shares were bought at an average price of $14.16 per share, for a total transaction of $298,492.80. Following the acquisition, the director now directly owns 85,902 shares in the company, valued at approximately $1,216,372.32. This trade represents a 32.52 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Huw Owen sold 6,736 shares of the business's stock in a transaction that occurred 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 directly owns 373,647 shares in the company, 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. In the last three months, insiders sold 10,548 shares of company stock worth $163,390. 16.10% of the stock is currently owned by corporate insiders.

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.