Couchbase, Inc. (NASDAQ:BASE) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its holdings in shares of Couchbase, Inc. (NASDAQ:BASE - Free Report) by 7.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 396,699 shares of the company's stock after acquiring an additional 27,509 shares during the period. Charles Schwab Investment Management Inc. owned about 0.76% of Couchbase worth $6,185,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Franklin Resources Inc. raised its stake in Couchbase by 27.3% in the third quarter. Franklin Resources Inc. now owns 1,647,334 shares of the company's stock worth $27,379,000 after buying an additional 353,233 shares in the last quarter. Wasatch Advisors LP raised its position in shares of Couchbase by 56.4% in the 3rd quarter. Wasatch Advisors LP now owns 990,331 shares of the company's stock worth $15,964,000 after acquiring an additional 357,169 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Couchbase by 10.3% during the 3rd quarter. Geode Capital Management LLC now owns 944,447 shares of the company's stock worth $15,228,000 after purchasing an additional 88,068 shares during the last quarter. Pembroke Management LTD lifted its stake in shares of Couchbase by 12.2% during the 4th quarter. Pembroke Management LTD now owns 898,842 shares of the company's stock worth $14,013,000 after purchasing an additional 98,061 shares during the last quarter. Finally, Portolan Capital Management LLC boosted its position in Couchbase by 77.8% during the third quarter. Portolan Capital Management LLC now owns 874,795 shares of the company's stock valued at $14,102,000 after purchasing an additional 382,851 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

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Couchbase Price Performance

BASE stock traded up $1.01 during trading on Friday, hitting $15.67. 2,058,026 shares of the company traded hands, compared to its average volume of 526,276. Couchbase, Inc. has a 1 year low of $12.92 and a 1 year high of $28.67. The company has a market cap of $820.29 million, a PE ratio of -9.79 and a beta of 0.81. The stock's 50-day simple moving average is $16.77 and its 200 day simple moving average is $16.61.

Couchbase (NASDAQ:BASE - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.22). The firm had revenue of $54.92 million during the quarter, compared to analyst estimates of $53.25 million. Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. Research analysts expect that Couchbase, Inc. will post -1.48 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on the stock. Robert W. Baird decreased their price target on shares of Couchbase from $27.00 to $25.00 and set an "outperform" rating for the company in a research report on Wednesday, December 4th. The Goldman Sachs Group lowered their price objective on Couchbase from $18.00 to $16.00 and set a "sell" rating for the company in a research report on Thursday, February 27th. Barclays decreased their price target on Couchbase from $23.00 to $22.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. Piper Sandler boosted their price target on Couchbase from $21.00 to $22.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Finally, Wells Fargo & Company cut their price objective on shares of Couchbase from $23.00 to $20.00 and set an "overweight" rating on the stock in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Couchbase presently has a consensus rating of "Moderate Buy" and an average price target of $22.19.

Insider Activity at Couchbase

In related news, CFO Gregory N. Henry sold 9,820 shares of Couchbase stock in a transaction dated 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 directly owns 304,555 shares in the company, valued at approximately $5,366,259.10. The trade was a 3.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Huw Owen sold 2,993 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $16.02, for a total value of $47,947.86. Following the transaction, the senior vice president now directly owns 325,993 shares of the company's stock, valued at $5,222,407.86. The trade was a 0.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,455 shares of company stock worth $777,289 in the last 90 days. Corporate insiders own 16.10% of the company's stock.

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.