Connor Clark & Lunn Investment Management Ltd. Boosts Stock Position in Couchbase, Inc. (NASDAQ:BASE)

Connor Clark & Lunn Investment Management Ltd. boosted its stake in Couchbase, Inc. (NASDAQ:BASE - Free Report) by 73.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 71,829 shares of the company's stock after acquiring an additional 30,462 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.14% of Couchbase worth $1,120,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its stake in shares of Couchbase by 27.3% during the 3rd quarter. Franklin Resources Inc. now owns 1,647,334 shares of the company's stock worth $27,379,000 after acquiring an additional 353,233 shares during the period. Wasatch Advisors LP lifted 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 last quarter. Geode Capital Management LLC boosted its position in Couchbase by 10.3% during the third 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 period. Pembroke Management LTD increased its stake in shares of Couchbase by 12.2% in the fourth 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 in the last quarter. Finally, Portolan Capital Management LLC raised its position in shares of Couchbase by 77.8% in 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 during the period. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

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Couchbase Stock Up 0.2 %

NASDAQ:BASE traded up $0.03 during midday trading on Monday, hitting $14.50. The company had a trading volume of 507,316 shares, compared to its average volume of 505,048. The stock's fifty day moving average price is $16.89 and its 200-day moving average price is $16.66. Couchbase, Inc. has a 52-week low of $12.92 and a 52-week high of $28.67. The company has a market capitalization of $759.05 million, a PE ratio of -9.06 and a beta of 0.81.

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

Insiders Place Their Bets

In other news, SVP Margaret Chow sold 15,000 shares of Couchbase stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $18.31, for a total value of $274,650.00. Following the transaction, the senior vice president now owns 133,067 shares in the company, valued at approximately $2,436,456.77. The trade was a 10.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Huw Owen sold 2,993 shares of the business's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $16.02, for a total value of $47,947.86. Following the completion of the sale, the senior vice president now directly owns 325,993 shares of the company's stock, valued at approximately $5,222,407.86. This trade represents a 0.91 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,455 shares of company stock valued at $777,289. 16.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

BASE has been the subject of a number of recent research reports. Stifel Nicolaus lifted their price objective on shares of Couchbase from $20.00 to $22.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Barclays decreased their price objective on Couchbase from $23.00 to $22.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. Guggenheim dropped their price objective on Couchbase from $30.00 to $26.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. DA Davidson reaffirmed a "buy" rating and set a $25.00 target price on shares of Couchbase in a report on Wednesday, December 4th. Finally, Morgan Stanley lowered their price target on shares of Couchbase from $25.00 to $23.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Couchbase currently has an average rating of "Moderate Buy" and an average price target of $22.19.

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.