Barclays PLC Purchases 53,555 Shares of Couchbase, Inc. (NASDAQ:BASE)

Barclays PLC lifted its holdings in Couchbase, Inc. (NASDAQ:BASE - Free Report) by 242.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 75,602 shares of the company's stock after purchasing an additional 53,555 shares during the period. Barclays PLC owned about 0.14% of Couchbase worth $1,218,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Portolan Capital Management LLC grew 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 valued at $14,102,000 after acquiring an additional 382,851 shares during the period. Wasatch Advisors LP grew its holdings in 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 purchasing an additional 357,169 shares during the period. EVR Research LP increased its position 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 buying an additional 179,585 shares in the last quarter. Hood River Capital Management LLC raised its stake in shares of Couchbase by 7.8% in the second quarter. Hood River Capital Management LLC now owns 1,629,893 shares of the company's stock worth $29,762,000 after buying an additional 118,372 shares during the period. Finally, 272 Capital LP purchased a new position in shares of Couchbase during the 3rd quarter valued at about $1,566,000. 96.07% of the stock is currently owned by institutional investors.

Couchbase Stock Performance

NASDAQ BASE traded down $0.03 on Tuesday, hitting $15.94. 456,982 shares of the stock were exchanged, compared to its average volume of 383,035. 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 $834.43 million, a P/E ratio of -9.96 and a beta of 0.79. The stock has a fifty day moving average price of $17.38 and a two-hundred day moving average price of $17.13.

Insider Activity at Couchbase

In related news, SVP Huw Owen sold 7,575 shares of Couchbase stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $15.22, for a total transaction of $115,291.50. Following the completion of the sale, the senior vice president now 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 filing with the SEC, which is available through the SEC website. Also, CFO Gregory N. Henry sold 3,853 shares of the business's stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $15.14, for a total transaction of $58,334.42. Following the completion of the sale, the chief financial officer now directly owns 336,679 shares of the company's stock, valued at approximately $5,097,320.06. This trade represents a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,233 shares of company stock worth $252,552. Insiders own 16.10% of the company's stock.

Wall Street Analyst Weigh In

BASE has been the topic of several analyst reports. Truist Financial initiated coverage on shares of Couchbase in a report on Thursday, December 12th. They set a "buy" rating and a $21.00 price target on the stock. Guggenheim reiterated a "buy" rating and issued a $30.00 price target on shares of Couchbase in a research note on Wednesday, December 4th. Robert W. Baird lowered their price objective on Couchbase from $27.00 to $25.00 and set an "outperform" rating on the stock in a research report on Wednesday, December 4th. Barclays increased their target price on Couchbase from $19.00 to $23.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Finally, Stifel Nicolaus upped their price target on Couchbase from $20.00 to $22.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, Couchbase currently has an average rating of "Moderate Buy" and an average target price of $23.13.

Couchbase 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.