Barclays PLC Raises Stock Holdings in Couchbase, Inc. (NASDAQ:BASE)

Barclays PLC boosted its holdings in shares of Couchbase, Inc. (NASDAQ:BASE - Free Report) by 242.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,602 shares of the company's stock after acquiring an additional 53,555 shares during the period. Barclays PLC owned 0.15% of Couchbase worth $1,218,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Ashton Thomas Private Wealth LLC bought a new position in shares of Couchbase during the second quarter valued at $47,000. Point72 Hong Kong Ltd bought a new stake in Couchbase during the 2nd quarter valued at about $67,000. Harbor Capital Advisors Inc. increased its stake in Couchbase by 15.9% during the 3rd 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. Arizona State Retirement System raised its holdings in Couchbase by 28.5% in the second quarter. Arizona State Retirement System now owns 11,032 shares of the company's stock worth $201,000 after buying an additional 2,445 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its stake in shares of Couchbase by 5.7% in the second quarter. Point72 Asset Management L.P. now owns 13,000 shares of the company's stock worth $237,000 after buying an additional 700 shares in the last quarter. Institutional investors own 96.07% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Guggenheim restated a "buy" rating and issued a $30.00 price objective on shares of Couchbase in a report on Wednesday, December 4th. Robert W. Baird decreased their price target on Couchbase from $27.00 to $25.00 and set an "outperform" rating for the company in a research note on Wednesday, December 4th. UBS Group dropped their price objective on Couchbase from $24.00 to $19.00 and set a "neutral" rating on the stock in a research report on Thursday, September 5th. Truist Financial initiated coverage on shares of Couchbase in a research note on Thursday, December 12th. They set a "buy" rating and a $21.00 target price on the stock. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $22.00 price target on shares of Couchbase in a research note on Wednesday, December 4th. One equities research 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, Couchbase presently has an average rating of "Moderate Buy" and a consensus price target of $23.13.

Couchbase Trading Up 0.2 %

Couchbase stock traded up $0.03 during trading on Monday, reaching $15.27. The company had a trading volume of 316,253 shares, compared to its average volume of 484,449. The firm's 50-day simple moving average is $17.52 and its 200 day simple moving average is $17.27. Couchbase, Inc. has a 52 week low of $13.53 and a 52 week high of $32.00. The firm has a market capitalization of $799.35 million, a price-to-earnings ratio of -9.54 and a beta of 0.71.

Insider Transactions at Couchbase

In other news, SVP Huw Owen sold 7,575 shares of the firm's stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $15.22, for a total transaction of $115,291.50. Following the sale, the senior vice president now directly owns 341,709 shares in the company, valued at $5,200,810.98. This trade represents a 2.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Gregory N. Henry sold 3,853 shares of the firm's stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $15.14, for a total value of $58,334.42. Following the sale, the chief financial officer now directly owns 336,679 shares in the company, valued at approximately $5,097,320.06. This represents a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,140 shares of company stock valued at $219,004 over the last quarter. 16.10% of the stock is currently owned by company insiders.

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.